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Here I will share my knowledge about Renting vs. Buying a home – including tools to help you assess rates, compare payment plans, etc.

In this topic, I will share what factors people should consider before buying and or renting a home.

In terms of renting people want to look for do they need to pay for maintenance or repair responsibility and whether they have to pay for a security deposit or the first and last month and how much they have to pay. Moreover, they have to confirm about potential rent increases.

In case of buying a home, payment will be stable and the mortgage will be fixed. Freedom to customize and renovate. what if property value fluctuates over time?

I will share what tools we can use as a result of guidance.

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Summary : In this video, he shares all the advantages and disadvantages of buying or renting a home and uses the tool Ratehub.ca for all the information he shared is authentic well he made a whole Excel sheet in which people can learn what expenses they face while buying a home or renting a home.

Why I Chose this video because in this video I can see how much the Canadian market has changed and I learned that in the past few years renting and buying home prices have increased day by day Also as he shows in 2008 and 2009 property rates in Canada fell down.

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Renting VS. Buying a Home in Canada [2024 Edition] Which is ACTUALLY Cheaper??

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Summary: In this video creator recently purchased a condo and she shares her viewpoint about what kind of problems she faces and what she thinks about expenses after buying the home and now what she things she shared about every month's expenses for example utilities how much she is paying and she thinks too much about insurances, mortgage, taxes and other expenses

Why I preferred this video as people have so many questions about expenses after buying a house so shared her personal life experience while buying a house

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Summary: In this video you can calculate how much you pay while renting a home or buying a home what tools people have to use while planning to buy or rent a home and if people want to know about expenses they can go to website named realtor.ca where they can get information about expenses after renting or buying home

why I chose this video because now i can calculate the expenses of a new house according to their rates and size of house

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Renting vs. Buying a Home in Canada: The 5.94% Rule

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Summary: This site is really easy to use for buying and renting homes in Canada, it provides tools for searching including filters for price range, property type, and location. Also, it offers mortgage calculators information about neighbors so that customers can take feedback from others

Why i chose this website because in my first semester, my professor shared this website and i still remember the website and how convenient it is to use for new users. Now i checked that the realtor.ca update their listing and tools for both buyers and renters.

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Search for residential and commercial properties on REALTOR.ca using the map.

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Rentals.ca

Summary: In rentals.ca customers can list thousands of apartments, condos, and houses in all over Canada. This website is user-friendly, and they have search option with different property types and locations, and budgets. It also give suggestions on market tips on securing your leases.

Why i choose this website as it is user friendly and feedback people gave on this website and they update their blog where they share information about the past and present rates which help people to call action.

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321 & 349 Marland Ave - 321 & 349 Marland Ave, Oshawa, ON

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321 & 349 Marland Ave is an apartment for rent in Oshawa, ON. This listing has 12 units. The units have 1 to 2 bedrooms. It has 1 bathroom. View pictures, amenities, and contact the landlord.

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Summary: The best thing about this website is it provides the filter regarding how many bedrooms customers needs it shows all pictures of the location and house, and provides contact numbers of landlords and site managers to if customers have any queries they can directly ask. One of the best thing i like about this website is they shows the trend of market rates and match the prices of renting and buying the houses.

Why i choose this website it provides this information regarding western Canada with property features and market rates .

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" We have used RentFaster.ca twice to rent out our home. They took fantastic pictures and our postings have generated lots of interest both times, so we had plenty of tenants to choose from. Will definitely be using them in the future."

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Apartments & Houses for Rent in Canada - RentFaster.ca

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Find apartments and houses for rent near you. RentFaster.ca has thousands of listings that are constantly updated.

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summary: It is the most trusted real Estate platform that offers different resources for both buying and renting properties across Canada. This website offers listings of condos, townhouses, and luxury Homes. It offers rent-to-own solutions, which can be helpful for those unable to secure a mortgage immediately.

Why I choose that website: This website provides detailed property descriptions, alongside neighborhood analyses, to help buyers and renters make informed decisions. Users can find assistance from agents and offices in their local areas.

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RE/MAX Canada | Canada’s #1 Real Estate - Find Your Dream Home

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View Residential and Commercial Real Estate in Ontario, BC, Alberta, Manitoba, SK, Nova Scotia, New Brunswick, Yukon, PEI and Newfoundland & Labrador. Find Your Dream Home. RE/MAX is Canada’s #1 Real Estate Brand.

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These are the most basic things people should take care of before taking a step toward buying a house or renting because both sides have advantages and disadvantages as in case of buying a house buyers can modify their house but it is not possible in renting. As well as , after buying the house buyer will be the one who pays for maintenance.

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Summary : this image illustrates a decision-making scenario between buying and rent . as in Canada people are in a dilemma either they go to buy or rent the home one side they think renting is a waste of money and other side they think they can not afford expenses after purchasing their dream home .

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Answer1: Well as like others I also have two mindsets should i purchase a house or stay on renting but somehow i think buying is a long-term investment and in the future it would be an asset for me and I can buy another house from one house.

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Answer 2: Every person have a dream of buying a house in his / her life so this topic is one of the most important parts of everyone's life it is the best movement I think when some buy their new house.

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Answers 3: well I love to say if they have money and they want to spend their money they can purchase a home in Canada and and earn money from that investment.