Young family in Toronto with rising six-figure income faces eternal question: Should they keep renting, or buy a house?

financial post article

Situation: Couple in costly market wants to know if they should buy or rent and effect on other goals

Solution: Compare costs of rental and ownership assuming equal growth rates and carrying costs

A couple we’ll call Thomas, 33, and his wife Marti, 34, want to move from renting an apartment in Toronto to owning a house. In most of Canada, that would be a cinch with their present gross income of $141,000 a year and the prospect of a big jump in income when, in a few years, Marti completes a postgraduate PhD program and switches from being an underpaid researcher in a laboratory to working as a chemist for what she estimates will be a pre-tax starting salary of $100,000 a year.

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Benoit Poliquin

About Benoit Poliquin

President & Portfolio Manager

Benoit is responsible for the portfolio management and research efforts at Exponent. He is a member of the CFA institute and the CFA Society of Ottawa along with being a Certified Financial Planner in good standing.

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Exponent Investment Management