In this market: should you rent or buy?

The extremely tight rental market in Calgary has been making headlines lately, as more and more Calgarians are struggling to find places to rent or even afford. Due to the rental crisis, more people in our city are looking towards homeownership. If you are contemplating between renting or buying a home, here are some questions to help you decide. Can you afford it? this is the biggest and most important question you need to ask yourself. The way rental rates are going right now, in the majority of cases it is more affordable to pay a mortgage than it is to pay monthly rent. If…