Rent or Buy a Home in Calgary – Calculator
Is it better to rent a house in Calgary or buy it? The option to rent & nbsp; attractive when we do not have money saved for the down payment or our credit is not above 600 points. In addition, it is usually the only option when you think of living in a place for a short period of time. We also have to see that the expenses can be lower, since you only have to think about the costs of services such as electricity, telephone, etc., and not in maintenance of the property or property.
The property rental market in Calgary is very extensive and with many opportunities. If you are looking to rent a house or apartment, we advise you to visit the classified ads of Hola Calgary or see rentfaster.ca. The option to buy instead of renting a house or apartment may be the best if we understand that sacrifices will pay little by little a heritage that will be ours forever; You will feel familiar security knowing that your children and your wife have a secure estate.
It is worth noting that the Canadian Government has the “Home Buyers Plan” program designed to take advantage of savings oriented to the retirement pension and have them available for the purchase of their first home. The Homebuyer Plan (HBP) is a program that allows you to withdraw in some cases up to $ 25,000 in a calendar year from your Registered Retirement Savings Plans (RRSP) to buy or build a qualified home
If you are decided you will have to contact a mortgage agent to know what plans and which is the bank that offers the best rates of interest.
Take a look at this calculator from RBC Canada, to help you decide if you should keep renting? Or is now the time to buy?