Home ownership is now more affordable than before.  This is due to the reduction in 5-year fixed rates which the banks uses to pre-qualify you for a mortgage.  Six years ago, you would be getting a 4.5% 5-year fixed rate.  The same banking institutions are now offering 3.59%.  
If you are paying rent at $ 1,100/ month, you may be better off buying a property and getting a mortgage for $240,000. With this mortgage amount (@ 3.39% interest rate, 30 years amortization), your monthly payment would be $ 1,059.88/month.  In 5 years, you would have spent $ 66,000 in rent while $63,592.55 on mortgage payments.  $ 25,224.98 of the mortgage payments would have gone to the property's equity. Owning a property can be beneficial especially if you need to pull part of your money's "cash value" into good use like college tuition, investments, rental property, etc.  Renting will not allow you to do this.

Home ownership is not for everyone as there are associated costs like:
- Hydro and gas bills
- Insurance
- Maintenance and upkeep
- Funds for future repairs


I can help you make an informed decision if home ownership is for you or not.  CALL NOW !