You may have seen people saying that renting an apartment is like throwing your money away. But this is not true for every place, especially Ottawa rentals. You just need to find the right and dedicated Ottawa realtors.
Here is a guide that will help you in determining why you should go for a rental apartment:
In a rented apartment, you do not have to worry about property taxes, maintenance costs and mortgage insurance. In fact, you do not need to pay land transfer taxes, a large down payment, an inspection of construction or other legal sanctions are usually connected to one's own apartment.
Prevention of losses:
According to people owning a home is a fantastic means of investment. But in fact, the value of real estate property has changed over time. So there is absolutely no guarantee that buying a home will always give you an advantage.
If for some reason you cannot pay the rent this flat, it would be a serious problem. However, the possibility of dislodgment of rental flats is very small and harmless compared to not pay your loan to the lender.
In addition, there are some social services programs that run in the US that help individuals entering the leasing debt. There are no facilities such as those offered by the lender, known for their strictness.