Home renters can find many useful tools on the CMHC (Canada Mortgage & Housing Corporation) website.  Beyond the many resources they provide for home buyers, the CMHC also includes sample templates for renters to use.  Letters to your landlord for special requests and to end your tenancy can be easily downloaded and copied for future use.  They also provide excellent worksheets for comparing rental units and homes. Click on the following image.

Are you trying to decide whether to rent or buy a home?

Many people go through the transition of renting to buying everyday.  This doesn’t mean that it’s an easy process.  It can be very confusing with so much information and advertisers telling you “Why pay rent when you can buy!”

The reason why many people choose to rent is because they don’t have the financial resources to buy a home.  The current interest rates are so low that renters are wondering if they should buy, but this still doesn’t solve the issue of downpayment.

The general guideline is a minimum 5% downpayment on the total purchase price.  This can be a huge lump sum of money to save for if you already have trouble covering your regular monthly bills.  We recommend seeking the advise of a financial advisor to get you started in the right direction.  A good advisor can help you understand your cash flow and explain ways to save money.

Did you know that a Real Estate Salesperson

Can Help You Locate a Rental Property?

Contact Rebecca TODAY!

Get Rebecca to Guide You Through the Process of Renting to Home-Ownership!