What is the most profitable: buy or rent a condominium? This popular question is often hard to answer that's why JLR did the math for you. In this publication, JLR calculated the true cost of being a home owner of a condominium of $200,000 vs. the cost of being the tenant of a similar condo with a rent of $1,000/month over a 5-year period.
$28,149
amount paid when purchasing a condo in 2013, with a down payment of 10%
$16,153
total expenditure for the first year after a purchase
$109,470
amount paid after 5 years of condominium ownership
$62,733
Total expenditure after 5 years of renting a condo
Joanie Fontaine M.SC.
Senior Economist
Joanie joined JLR in 2014. As Senior Economist, Joanie specializes in the analysis of statistical data on the real estate market. She publishes studies on the subject that are often well received by the Quebec media and writes for her column on the blog '''Les Affaires'', a French-language newspaper. Joanie was also lecturer at the Université de Sherbrooke, institution where she got her Master of Science in Economics.
