Renting vs. Buying: Is the 5% Rule Still Relevant?
Posted on Jun 05, 2024
Deciding to buy a home or continue to rent is a big decision that requires a thorough financial analysis. However, a simple rule of thumb called the 5% Rule is often referenced in these discussions as a tool to quickly and easily assess if buying a home would be more financially beneficial than renting. I first read about the 5% rule when Benjamin...
Does It Make Sense to “Marry the House, Date the Rate?”
Posted on May 09, 2024
On April 10th, the Bank of Canada announced that they were holding the overnight interest rate at 5%. Like many Canadians, you may be waiting for interest rates to drop before making your move in the housing market. If you’ve been following the real estate market long enough, you have almost certainly heard the phrase ”Marry the house, date the rat...
