房子降的真快！
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Play with this. You will have some interesting find. It will compare you rent and invest your down payment vs you buy a house. Basically at first few years the rent is cheaper than buy. After few years because the rent will increase but your mortgage does not. Buy is cheaper than rent.
But.... if you move from $1000 apartment to a 30W house. You will never beat rent.
But.... the quility of life......
https://www.citizensbank.ca/Personal/Calculators/RentvsBuy/
But.... if you move from $1000 apartment to a 30W house. You will never beat rent.
But.... the quility of life......
https://www.citizensbank.ca/Personal/Calculators/RentvsBuy/
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Re: Re: Re: Re: Re: How about your interest? It is gone to the banks, same as the rent.
"20年后房子价格不变(考虑到房价会上涨,但房子也变旧了,所以价格不变)."
This assumption is too strong and invalid. During the early 1970, the average housing price in Canada and Ontario was about $20,000; by the year 2000, the average price increased to $200,000, up by 10 times. I think in 30 years, the average price of unit might be near $1.5-2 million CAD. In the long run, housing price increases more than the inflation rate, which is around 2-3% each year. As long as the rate exceeds 3.6% annually, the price will be double in 20 years (using 72 divided by the annual rate of increase equal to the number of year needed to double the price). The trick is that the land price increases, even though the 房子也变旧了. Good luck!
Hoho Man/Lady,
"20年后房子价格不变(考虑到房价会上涨,但房子也变旧了,所以价格不变)."
This assumption is too strong and invalid. During the early 1970, the average housing price in Canada and Ontario was about $20,000; by the year 2000, the average price increased to $200,000, up by 10 times. I think in 30 years, the average price of unit might be near $1.5-2 million CAD. In the long run, housing price increases more than the inflation rate, which is around 2-3% each year. As long as the rate exceeds 3.6% annually, the price will be double in 20 years (using 72 divided by the annual rate of increase equal to the number of year needed to double the price). The trick is that the land price increases, even though the 房子也变旧了. Good luck!
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Well, we have to compare apple with apple too. When you buy a house, you compare that with the rental cost of an equally big and nice and new house.
We were trying to rent a house before while we were waiting for the new house's construction, and we found that if we have to rent an equally sized house, it would be much more than our mortgage payment, and we would still have to pay utilities, and the rental houses are almost "never" as nice as the new house of course.
However if you compare an apartment's rent, of course it will be cheap but if you have little children and pets, it's very tough to live in an apartment.
CS2004可能是碰到了我也碰到过的那种人,所以才会有此牢骚.
这种人随处可见,一般头发已经开始发白,脸上有些皱纹,穿的是99年以前国内带来的样式的皮鞋.
神神刀刀,见面把问"你买房子了吗?房子保值,加拿大房子比中国便宜....."当成了过去的"你吃了吗?"一样的问候语.你不理他,他拼命地push 你买房,说得高兴时候会唾骂乱飞,一听到自己的ppt tax涨了的时候,第一个反应是我的房子涨价了,晚上又做发财梦了.
此种人还有个显著的特点,就是把加拿大当成情人,不许别人说一点不好,如果你敢说加拿大不好,他能从台海,到日本,到伦子,.................来批驳你.
以前,小弟也碰到过这种人,现在是敬而远之.
这种人随处可见,一般头发已经开始发白,脸上有些皱纹,穿的是99年以前国内带来的样式的皮鞋.
神神刀刀,见面把问"你买房子了吗?房子保值,加拿大房子比中国便宜....."当成了过去的"你吃了吗?"一样的问候语.你不理他,他拼命地push 你买房,说得高兴时候会唾骂乱飞,一听到自己的ppt tax涨了的时候,第一个反应是我的房子涨价了,晚上又做发财梦了.
此种人还有个显著的特点,就是把加拿大当成情人,不许别人说一点不好,如果你敢说加拿大不好,他能从台海,到日本,到伦子,.................来批驳你.
以前,小弟也碰到过这种人,现在是敬而远之.
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I'm trying to say that if you need a house, and your option is to (1) rent a house or (2) buy a house, then buying a house of the same quality and size probably will cost you less than renting it.
Not everyone is suitable for apartment, and renting doesn't always have to rent apartment(公寓). You can also rent a house, and some people really need a house and will never consider an apartment.
For the last half years, we'd been looking for renting a house, but to be honest, it is very hard to find good quality house for rent ( > 3 bedrooms, less than 15 years old, 2-car garage, clean throughout, newer kitchen with good appliances, and clean bathroom, fenced backyard, good neighbourhood) and the rent for such house is definately not cheap at all.
We were so frustrated while looking around for rental house, and we found out that our house would cost a lot if we were to rent it instead of buying it.
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Re: Re: Re: Re: Re: Re: Re: How about your interest? It is gone to the banks, same as the rent.
(就你的例子，the early 1970 时的个人平均收入多少，利率多少，房子的位置呢 -
no matter whatever the combination of answers for these questions, the average housing price then was about $20,000. I think any grade 8 student could undertand the meaning of this statement.
In addition: 动动你大脑再说话，别人云亦云
If you are not 云ing what Statistics Canada 云, at 99.9% you are incorrect, not the Statcan).
It seems you do not understand the Statistics. Average is to average all the housing unit sale prices, take into account 房子的位置 and 所有不同位置. Statistics is based on facts, evidence, not on the theory, not on the logic (and not need to ask why or how come). This kind of data is published on the Statcan website. You can check yourself. The price I quoted is nominal price (market prices), and the 通货膨胀和货币的贬值 is included already。Anyway, it seems that you do not like to follow a common sense. Good luck!
(就你的例子，the early 1970 时的个人平均收入多少，利率多少，房子的位置呢 -
no matter whatever the combination of answers for these questions, the average housing price then was about $20,000. I think any grade 8 student could undertand the meaning of this statement.
In addition: 动动你大脑再说话，别人云亦云
If you are not 云ing what Statistics Canada 云, at 99.9% you are incorrect, not the Statcan).
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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: How about your interest? It is gone to the banks, same a
Sum of all the sale prices in the markets over a specific time pioerd (usually over one year), then divided by number of house units. Pure average if you call it 统计模型. BTW the sale price means the transaction is completed, i.e. the buyer is willing to pay and the seller is willing to sell at this price.
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Thanks wotaishua by the way.
CS2004, I think you have totally misunderstood and please read people's comments carefully and think thoroughly before you post your rude replies. In your post, you made a comparison of "renting an apartment" vs "buying a house", but they are completely different scenarios. You should compare "renting a new house" vs "buying a new house", or "renting an old apartment" vs "buying an old apartment".
The problem with renting a house is that the landlords will also do their caculations and make sure your rent will cover their interest cost, maintenance, and the property taxes for that house, while you also have to pay your own utilities.
Last few months, we'd visited or called many of the big landlords who rent out newer houses and found that they all have a very low vacancy rate - none or only a couple houses left available for rent, so it's quite a different story than rental apartments.
If renting a house is costing you more than buying a simular house, why isn't it a good idea or investment to buy it? That's my point. From our experience while shopping around for comparable rental house, it does cost more for renting it than buying it.
