Should I buy or rent a home in Ottawa?

If you have not spent a lot of time in Ottawa, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Ottawa can be a great investment. It can provide you with a stable place to live and the potential for long-term appreciation. However, it is important to consider the costs associated with buying a home, such as closing costs, mortgage payments, and maintenance costs. Renting a home in Ottawa can also be a great option, as it can provide you with flexibility and the ability to move quickly if needed. Additionally, renting can be a more affordable option in the short-term, as you will not have to pay for closing costs or a down payment. Ultimately, the decision to buy or rent a home in Ottawa will depend on your individual needs and financial situation," commented one expat who made the move to Ottawa, Canada.

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