You don’t have to buy a house if you can’t afford one
Spring has ushered in what is typically the busiest real estate season of the year. There are plenty of houses on the market, and mortgage rates are very low. With house prices staying strong (even exploding) in cities and towns across Canada, the pressure has never been higher to get in on the housing market.
But what if you simply can’t afford it? Hefty housing prices mean that a solid down payment will cost a small fortune. When it is that difficult to even get in the front door, is it worth it?
In his most recent contribution to the Huffington Post, Consolidated Credit’s executive director Jeff Schwartz defends the rental option — it’s not as bad as some people think.
Click here to read the blog.