Renting vs. Buying, and other things to consider in the rising interest rate environment
Recently, the central bank of Canada (aptly named the “Bank of Canada”) once again increased the prime interest rate. In total, this marks the third increase of interest rates in the last year. “But how does a rising increase rate affect me?” you might ask. It’s quite a complicated question, and to answer it properly, we’ll need to look at the many aspects of your finances. One of the many factors, as you may have guessed, is whether you are renting or buying. However, this i
