Should you rent or should you buy? It’s a question many people face as the spring market heats up in Edmonton. As a mortgage broker, you might expect me to push you toward buying – but that’s not always my advice – sometimes renting is the right move.
Why Renting Might Be the Right Move
If you’re planning to live in a home for only a couple of years, renting can sometimes be the better financial decision. Here’s why:
- Selling Costs Add Up: Realtor commissions, legal fees, and other costs of selling a home can quickly eat into any potential profits.
- Short-Term Uncertainty: If you’re unsure about your long-term plans, renting gives you flexibility without the financial commitments of buying and selling.
When Buying Makes Sense
Buying a home can be a great investment if you’re planning to stay in Edmonton long-term and build equity. A personalized conversation can help you weigh the pros and cons based on your goals, lifestyle, and financial situation.
If you’re looking to get pre-approved for a mortgage to buy a property in Edmonton, fill out my online application. I’m here to help you every step of the way.
About Jason Scott, Edmonton Mortgage Broker
Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’ll be your trusted partner who will help you get the right mortgage for your family home or Investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.