Faqs / Rent or Buy? What are my options?
This is a really dependent on your own personal inclination and your ability to buy a house or obtain a mortgage in Canada. Most newbies tend to rent first – this way you get a feel for the city and area you live and can make a decision about where to put down some roots. Property (both rental and for sale) moves very quickly, there is a high demand for rental properties and it is not uncommon for properties to be snatched up within a couple of days. It is very difficult to get rental properties that allow pets and in some instances smokers.
When buying a property things also move a lot faster than we South Africans are used to. It is completely feasible to buy a house, have all the financing in place and move in within 2 months.
Home inspections are commonplace, before buying a house ensure your agent facilitates this. It’s also a good idea to get the inspector to explain the workings of a Canadian house – it’s all very different, from the plumbing, heating, roofing and building.
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