Mortgage professional economist concludes buying is significantly cheaper than renting. Mortgage is the most costly part of home ownership. Rent rates are continuously growing whereas mortgage rates are fixed. Therefor rent rates increase faster than mortgage rates. If only it was simple to qualify for a mortgage! The upside to the new mortgage rules is, debt is down around 33% in Canada compared to last year this time. Its lowest since 2003. #realestate #oakvillerealestate #mortgageratesvsrentingrates
