Choosing between renting and buying a home is a significant decision for many Canadians. A new report examines 26 markets across the country, revealing whether it’s generally cheaper to rent or own a home in 2024. This analysis uses the latest data to guide potential renters and buyers.

Comparative Analysis: The study analyzes average rent prices from December and compares them with mortgage costs, assuming a 20% down payment and a fixed five-year rate of 4.84% over 25 years. This approach helps identify whether renting or buying is more economical in various Canadian cities.


  • Cost Efficiency: In markets like Winnipeg, buying is slightly cheaper than renting, with average monthly costs showing minimal differences.
  • Rental and Ownership Costs: The study provides a detailed comparison of monthly expenses for renters and homeowners, including potential savings or costs associated with each option.

Market Trends: The analysis highlights trends affecting the real estate market, including the influence of new developments and economic factors on housing costs.

Conclusion: This report offers valuable insights into the rent vs. buy debate in Canada, helping you understand the financial benefits and challenges of each housing option. For those looking to make a move in the housing market, considering both current and projected costs is crucial.

For ongoing updates and personalized advice on navigating Canada’s housing market, stay connected with Golden Falcon Homes, your trusted partner in affordable housing solutions in Ontario.

Additional Resources: For more detailed information and to explore housing options that fit your needs and budget, visit CTV News