Across Canada, signs indicate a buyer’s market exists in real estate. This includes the volume of home sales in April of this year reaching a seven-year low for the month and stagnating home prices in most markets - including Calgary, according to the Canadian Real Estate Association. However, purchasing a home hasn’t exactly become easy for prospective buyers, which brings the option of renting to the forefront. So, is it better to rent or to buy in Calgary?
When you buy a brand-new home, you will most likely make your decision based on the builder’s plans or model homes, or a combination of the two. This requires careful thought and attention. It can be challenging to visualize what your home will look like when built, or imagine what it will be like to live in. It’s also important to understand what is included with your purchase and what’s not, down to the smallest detail.
Many people who rent might be considering staying in the rental market long-term. There are some advantages to renting over buying, including not paying maintenance costs and not putting down a big down payment. But one problem renters face is making their rental unit feel like a home, especially when they can’t paint or remodel to make the space feel more like their own. The good news is that whether you’re on a budget or have lots of money to spend, and whether you live in a small apartment or rent a house, there are many ways to make your rental feel like home.
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