1 rich Libsyn https://www.libsyn.com 90 600 Buying vs. Renting is an age-old debate. Our parents think it's a simple decision: Buy! Don't waste your money! It's a good investment! But that was 50 years ago when you could buy a house for a reasonable amount of money and pay it off.&amp;nbsp; Here's a link to our blog: https://www.ratehub.ca/blog/rent-vs-buy-canada/ House prices are surging, home affordability is extremely challenging.&amp;nbsp; We need to look at lifestyle factors Commute Access to culture and amenities Mobility &amp;amp; stability Family and friends Maintenance Costs We also have to look at financial factors&amp;nbsp; Renting is (generally) cheaper You can build equity in your home Retirement planning Then, let's look at the math Rent vs. buy calculator - https://lautorite.qc.ca/en/general-public/calculators-and-tools/calculators/buy-or-rent-a-residence/ But also, the 5% rule (we explain it in the show and on the blog) You're not wasting money if you rent. Having a roof over your head is a necessity.&amp;nbsp; &amp;nbsp; &amp;nbsp; Real Money Talk - A fresh take on personal finance http://realmoneytalk.libsyn.com/website <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/20125232/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/008299/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/109178207