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The gold standard for this kind of comparison is the New York Times Rent vs Buy calculator. Note how relatively small changes in any one of many factors can res
by g8oz 11y ago
The gold standard for this kind of comparison is the New York Times Rent vs Buy calculator. Note how relatively small changes in any one of many factors can result in very different outcomes.
http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0&abt=0002&abg=1 http://www.nytimes.com/interactive/2014/upshot/buy-rent-calc...
- jarek 11y agoNote that it needs a few adjustments for Canadian market, the biggest ones being mortgage rates are usually not locked in longer than five years in Canada and mortgage interest is not tax-deductible