JLR land title solutions

The true cost of being a home owner

august 2018

The True Cost of Being a Home Owner

about this publication

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.

Fill out this form to receive the publication by email

highlights

$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

about the writer

avatar1.jpg

Joanie Fontaine M.SC.
Economist

Owner of a master degree in economics, Joanie analyzes the real estate market and its various components. Bases on JLR's extensive database, she conducts statistical studies related to the real estate market. Her researches are published on our blog and regularly quoted by important Quebec publications like Les Affaires and La Presse. 

why download this publication ?

Check

To be informed on the Quebec real estate  market trends.

Check

To convey the right information to your customers.

Check

To help you make the right decisions.

Check

To get accurate, complete and reliable data. 

Get the publication