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          New Home Buyers           

 


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Rent vs Buy Calculator

***Note: Over the past 5 years, the average monthly rental price has gone up by $250 for a two bedroom condo in Square One; this translates into an average rental price increase of 3.5% per year. 
Over the same 5 year period, home owners experienced a 40% appreciation in the value of thier homes; this translates into an avargae of 8% increase in property value per year.
***Tip: 
Over a five year span, frist time buyers paying a $2000 monthly mortage, put away approximatley $47,000 in home equity.

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To Own...

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Recomended Inputs:

Annual Rent Increase: 3.5%
Interest Rate: 3%
Appreciation Rate: 8%

 

Contact me to find out about owning a home with as little as 5% downpayment, or about increasing your credit score by up to 100 point in just one month.
 

 
Michael Czan
Real Estate Sales Representative
mczan@sutton.com

Sutton Group Realty Systems Inc.
Brokerage
Independently owned and operated

1528 Dundas St. West, Mississauga, Ontario L5C 1E4

Mobile: 647-889-5020  Phone: 905-896-3333  Fax: 416-317-3435
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