Real estate
Rent or buy?
Buying isn't always the winning move, and neither is renting. It all depends on the time horizon, prices, and what you'd do with your savings instead. Here is the comparison, in numbers, honestly.
Fixed assumptions: notary fees 7.5%, owner charges 1.5%/year of the price (property tax, condominium fees, upkeep), loan repaid over the project's duration. This compares final wealth under the assumptions given; it is not a prediction.
The more advantageous option over time
N/A
How to read this result
The owner ends up with a property that's paid off, whose value has changed over time. The tenant, meanwhile, invests the down payment and the monthly saving they make (whenever renting costs less than owning), and lets that sum grow. We compare the two final wealth figures at the end.
The tipping point mainly depends on the duration (the longer you stay, the more buying pays off) and on the return on your savings. There is no universal right answer, only your own. This is exactly where an outside perspective helps you decide with confidence.
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