Why it may be better to rent than buy a home in some Canadian cities

A study commissioned by home renovation company Easy has found that, contrary to common belief (and perhaps even common sense) it may be better to rent a property than to buy one, at least in the short-to-medium-term. Article content

The study looked at rental and mortgage costs in cities across Canada to determine which would leave residents better off financially after 10 years. Article content

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It found that, of Canada’s biggest 25 cities, seven stood to offer net savings for renters as compared to buyers over the course of a decade.

Some of the savings were relatively modest. A two-bedroom rental in Mississauga, Ont., for instance, would cost about $13,300 less over that period than to buy a similarly sized dwelling. But at the other end of th