To buy or to rent? That is the question

Street Sign Buy versus Rent

BUYING a home is typically the biggest and most complicated financial commitment we will ever make. And home ownership is a riskier proposition for households compared with renting.

Buyers take on enormous debts, sign multi-year loan agreements and become responsible for the cost of maintaining their homes. Renters, on the other hand, have to consider both market conditions and their financial standing since rental does not build personal equity.