DiscoverToronto Real Estate Unfiltered 2019Episode 136: To Rent or Own in Retirement aka the Toronto Real Estate Crystal ball ๐Ÿ”ฎ discussion
Episode 136: To Rent or Own in Retirement aka the Toronto Real Estate Crystal ball ๐Ÿ”ฎ discussion

Episode 136: To Rent or Own in Retirement aka the Toronto Real Estate Crystal ball ๐Ÿ”ฎ discussion

Update: 2019-09-12
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Welcome to Retirement Bootcamp 2019. This is where you will get the real info you need from someone who studies the real numbers. No bullshit allowed here.ย  The recent story about rents going up 3% for a TCHC building are just one example of why those of you who are planning to retire in the next 10-20 years better listen up.

With average rents in the $2000s range now, itโ€™s not difficult to understand they could reach $3000 a month by 2030 and $4000 a month by 2040. This is also according to a leading economist (see link below).

The smartest thing any of you can do TODAY is to have a goal of paying down your mortgage as cost of living increases.

You cannot control what your rent will be. You can estimate what your payments will be on your mortgage.

If your concerns are about interest rates going up, those costs get passed on to renters.

Owning vs renting report link:

http://snip.ly/52y74j

Recent Story on the 3% rent hike:

http://snip.ly/hir6zk
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Episode 136: To Rent or Own in Retirement aka the Toronto Real Estate Crystal ball ๐Ÿ”ฎ discussion

Episode 136: To Rent or Own in Retirement aka the Toronto Real Estate Crystal ball ๐Ÿ”ฎ discussion

Toronto Real Estate Unfiltered