Why rent when it's cheaper to buy? in Victoria, British Columbia

# Bath
1
Sq Ft
550
Pets
Yes
Smoking
No
# Bed
1
Hello Victoria,
Did you know that there are pet friendly condos for sale in the Greater Victoria area for under $250,000? When you include strata all in it's just over $1400 a month (Based on 5% down, 2.99% 5 year fixed rate, over 25 year term)!
With such a shortage of rentals in Victoria, it is becoming cheaper to buy than rent right now, even with mortgage rates slowly on the rise. There are a still a good number of affordable condos available all through Victoria. It's never been a better time to invest in your future. Why pay someone else when you could be paying yourself?
If you would like to know more, just send me an email and let me know a little bit about what you might be looking for. I can even help with any mortgage/financing questions you might have.
Regards,
Marty Pozderec - One Percent Realty Victoria