"Economic fundamentals favor renting at the moment," says Gleb Nechayev, with Torto Wheaton Research in Boston. "No question about it. In most major cities, renting seems like a better deal because of how much house prices have gone up."Nechayev says that even with housing prices starting to come down, the monthly cost of owning is still historically very high compared with renting. And he says almost nobody expects home prices to rise for a few years.Toronto Condo
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"Economic fundamentals favor renting at the moment," says Gleb Nechayev, with Torto Wheaton Research in Boston. "No question about it. In most major cities, renting seems like a better deal because of how much house prices have gone up."Nechayev says that even with housing prices starting to come down, the monthly cost of owning is still historically very high compared with renting. And he says almost nobody expects home prices to rise for a few years.Toronto Condo
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