Should You Rent or Buy in Ontario
The age-old question: is it better to rent or buy? In 2025, the answer depends on your financial goals, lifestyle, and long-term plans.
Renting Pros
- Flexibility to move without selling
- No property taxes or maintenance costs
- Lower upfront costs
- Buying Pros
- Building equity over time
- Stable monthly payments with a fixed mortgage
- Eligibility for tax rebates and incentives
Current Market Snapshot
Rental prices are rising in most Ontario cities, and while home prices remain high, stable interest rates make mortgages more accessible than last year.
Bottom Line
If you plan to stay put for 3+ years and have a stable income, buying may offer better long-term value.