Should you rent or buy?

Conventional wisdom suggests it’s a no-brainer – buying real estate is a worthwhile investment with a high return.

Despite record low interest rates,  the sky high prices and carrying costs are causing many to rethink the allure of home ownership.

When you factor in the costs of repair, maintenance and other expenses associated with owning a home, Toronto-based financial planner Shannon Simmons argues that renting and putting saved money into another investment may earn more in the long run.

If you filled in a  questionnaire asking where you see yourself in 10 years, many would answer “buying/owning a house. Do you really care if you buy a house, but think you should? Lets look at both sides of the argument and