Once you decide the time is right to sell your home and downsize to something more practical, you’re faced with the next decision. Do you buy a smaller house, purchase a condo, or rent?
More retired Canadians choose to rent. Here’s why: renting can be substantially less expensive. There are no more property taxes to pay. And the unending costs of home upkeep and repairs...end! You can say goodbye to leaky roofs, basements, and everything in between.
- Have an Empty Nest? Why You Should Rent in RetirementForbesSaying goodbye to your children and having an empty nest, could mean it’s time to relocate to a new city! There are a number of benefits that can come from renting an apartment in your golden years. Not quite convinced? Here are a few reasons why you’ll want to opt to rent vs. buy during retirement.Read More
- Rental units returning to popularityOttawa CitizenThere’s a new kid on Ottawa’s housing block – well, maybe a returning kid is more accurate. The purpose-built rental apartment — long supplanted by condos, many of which were purchased and rented out, is striding across town from Orleans to Kanata as both condo and new-home construction remain sluggish and builders look for other revenue streams.Read More
- To rent or to buy? 8 questions Canadians should ask before taking the plungeGlobal NewsTORONTO – Should you rent or buy? Conventional wisdom suggests it’s a no-brainer – buying real estate is a worthwhile investment with a high return. Despite record low interest rates, the sky high prices and carrying costs are causing many to rethink the allure of home ownership.Read More
- Downsizing seniors sold their home, took the money and rentedThe Globe and MailWhen Frank Wiebe and Janice Sutton sold their home in July of 2013, they were hardly typical of first-time home sellers. For one thing, they weren’t merely selling a house; they were parting ways with a 92-acre property that included their home for 25 years in Moscow, Ont., a hamlet on the western outskirts of Kingston. For another, they were both 78 years old.Read More
- Why older seniors should rent instead of buyFinancial PostAfter 18 years of ups in many Canadian markets, you always should wear armour before telling someone to rent instead of buy. With armour firmly in place, I believe that there are times when this definitely makes more sense.Read More
- Cabot House, Cape Breton's tallest building, undergoing extensive $5 million upgradeCape Breton PostSYDNEY — It was 14 years ago that Alice and George Beckwith decided to move into the Cabot House apartment complex on Kings Road in Sydney.Read More