Rent Or Buy The Top Floor in Waterloo?
There is a lot of discussion on the economics of buying versus renting, and in some major markets – like Toronto, New York, and Vancouver – often the balance sheet tips toward renting being the less expensive option.
Even taking into account the recent growth of the Waterloo region, the economics of Kitchener-Waterloo real estate still favours the investment of buying a condo over renting one.
CTV Kitchener did a recent segment on the buy versus rent question when it comes to upscale, top floor, and penthouse suites in the region. Their calculations and the experts they talked to align: here in KW, you’ll definitely spend less if you buy, especially if you’re looking for a home to last you more than a year or two.
Check out the CTV video segment on the CTV Kitchener website.