The True Cost of Being a Home Owner

August 2018

Rapport JLR


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.

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amount paid when purchasing a condo in 2013, with a down payment of 10%


total expenditure for the first year after a purchase


amount paid after 5 years of condominium ownership 


Total expenditure after 5 years of renting a condo

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