“There is a suite for sale in my building” – Rent vs Buy Comparison

taylor192 at vancouvercondo.info March 8th, 2011 at 9:19 am
“There is a suite for sale in my building for $310K. 10% down for 30 years @ 4% is $1300/mn plus $150 condo fee and $150 property tax == $1600/mn for 480 sqft without a bedroom. Similar units rent for < $1200/mn.
A 900sqft 2bdrm just rented for $1750/mn. There was a young couple looking at buying it, I couldn’t fathom it. I would probably kill my partner if I had to live in such a small space, with less money available to do things outside of the space.”

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