• Nevrome@lemmy.ca
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    7 months ago

    Exactly the same here, we were renting up until 2018 at 900$CAD/month. Our mortgage is 950$CAD/month and our old apartment is now 1200$CAD/month. All expenses included, it’s s more expensive to rent than to own.

    First time buyers can’t hardly get a mortgage now unless you were stashing cash or staying at your parents’ for a while.