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Renting Vs. Owning In Barrie


Blog by Robert & Matthew Johnston | November 16th, 2020


Are you currently renting a home in Barrie? Here is why it is important to consider buying in Barrie now! 

Renting

1. Rent payments tend to be the same or higher than mortgage payments 
2. You're not building equity - rent payments go towards paying down the Landlord's mortgage 
3. Your landlord is boss and within reason gets to call the shots 
4. Instability - landlords can sell your home, increase your rent or evict you 
5. YOU BUILD YOUR LANDLORDS WEALTH

Owning


1. Mortgage payments are affordable due to the all-time low-interest rates
2. You're building equity - buying can generally be a good investment 
3. Your house, your rules. No landlords telling you what to do
4. Stability - you get to choose when you want to sell and mortgage payments are predictable
5. YOU BUILD YOUR OWN WEALTH

Contact our team today if you are interested in buying or selling! 705-739-3432