Canada
Should I buy or rent a home in Canada?
If you have not spent a lot of time in Canada, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Canada can be a great long-term investment, especially if you plan to live in the same city for an extended period of time. With the added benefit of being able to build equity in your home, you will also be able to take advantage of tax breaks associated with homeownership. On the other hand, if you plan to move or your income sources are not consistent, renting may be a better short-term option. Additionally, renting can provide more flexibility and convenience since most leases are shorter than mortgages. Ultimately, it is important to assess your financial situation and lifestyle to determine what works best for you," commented one expat who made the move to Canada.
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Other Questions:
- What do I need to know before retiring in Canada?
- How do I meet people in Canada?
- What is life like in Canada?
- Is there a lot of crime in Canada?
- Is there a lot of diversity? Are people in Canada accepting of differences?
- What are the schools in Canada like?
- Is the cost of living in Canada high?
- What advice do you have for expats having a baby in Canada?
- What are healthcare services like in Canada?
- Is the cost of living in Canada high?
- What type of recreational facilities are in Canada?
- What is the weather like in Canada?
- Are there good restaurants in Canada?
- Where will I buy groceries and do other shopping in Canada?
- What are the visa & residency requirements in Canada?
- Are healthcare and health insurance expensive in Canada?
- What do I need to know when buying property in Canada?
- Are foreigners allowed to own property in Canada?
- What appliances are typically included in a rental?
Should I buy or rent a home in Canada?
If you live in Canada, newcomers to Canada would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
