i'm very new to buying property in Toronto. How much average people are making from buying condos verses renting?
average people.. i mean ppl with a day-job making 60-70k (Before tax) annually and have about 60k in saving .
I tried using those online calc rent vs buying.. and will likely to break even after 5 years with owning 350k condo? that doesn't look too attractive to me, am I missing something here?
also, is it true that you "need' at least 25% downpayment now?
average people.. i mean ppl with a day-job making 60-70k (Before tax) annually and have about 60k in saving .
I tried using those online calc rent vs buying.. and will likely to break even after 5 years with owning 350k condo? that doesn't look too attractive to me, am I missing something here?
also, is it true that you "need' at least 25% downpayment now?