• Remax-Condos-Plus
  • 19 September 2012

The Property: a junior one- bedroom with locker and no parking on Bay St. It sold for $270,000 in July of 2012; or it can be rented for $1600. Buyer puts 5% down ($13,500) and has a five year fixed rate mortgage of $256,500 at 3.09% So why do the experts recommend renting over buying right now?

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