Buying a home is all about decision making, and you can only make the best decisions when you have the best information available.  So what are the benefits of owning your own home vs renting?

  • Pride of ownership -- everyone loves to own their own home.
  • Avoiding the hassle and cost of moving every few years when your landlord gives you notice.
  • Being able to make whatever updates and modifications you want to your home.
  • Forced savings plan as every mortgage payment helps you save for the future and increase your equity.
  • Invest in yourself, not your landlord.
  • Real estate in Greater Vancouver has proven to be a good investment in the long run.  Therefore, as the years roll by, the market value increases.
  • In the future, as you have equity in your home, you'll have other investment options (such as using the equity in your home as the downpayment for an investment property).
  • Use this "rent or buy analyzer" to calculate whether it makes sense for you to own or rent.
  • Calculate the maximum mortgage amount you qualify for based on your income using these mortgage calculators.