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.

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

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 the spectrum, Abbotsford, B.C., offered a savings of $118,700 over the dec

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