Real Estate News

Canadians Are Paying Big Premiums To Own Instead Of Rent Shows CMHC Data

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Greater Toronto real estate has the biggest gap between owning and renting. Condo apartment owners are paying 86% more to own than rent in a purpose built building in 2020. This is down from a peak of 101.47% in 2018, due to climbing market rents and falling interest rates. However, it’s still 60% higher than it was in just 2015. This was the biggest premium paid in any Canadian real estate market.

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