From Renting to Owning: Why Investing in a Home in Toronto is the Best Decision You'll Ever Make
Posted by Maryann Jones on
From Renting to Owning: Why Investing in a Home in Toronto is the Best Decision You'll Ever Make
The choice to purchase a home is a significant financial milestone for many individuals, but it may be challenging. In Toronto, many individuals and families must choose between home ownership and renting.
Equity Development
One of the best things about owning a home in Toronto is the chance to build equity over time. As you make mortgage payments, the amount you owe on your house decreases, increasing your equity. Equity is the value of your house that you own free and clear. With each mortgage payment, your equity grows, which might be advantageous when the time comes to sell or refinance your property. When you rent, you are essentially paying…
298 Views, 0 Comments