Long Term Renting in Vancouver Makes No Sense HD

I still read about people who think it makes sense to rent a Vancouver condo over buying. In the short term 1-2 years, it can make sense. There were saving advantages to renting 10 years ago when interest rates were at 8%. However, with our current ultra low interest rate environment where you can lock in a 3 year mortgage at 2.3% and Vancouver rental rates being at all time highs. It makes no sense at all to be renting for longer periods of time. In this video I will explain all the reasons why home ownership should be the first step for most people. If you want to voice your opinion or get in touch with me, please email me at owen@owenbigland.com or comment/message me on my YouTube channel. Thanks for watching! Get my new book "Along for the Ride" available at Amazon: http://bit.ly/Bigland OWEN BIGLAND MACDONALD REALTY Direct Ph: 604.889.1118 http://owenbigland.com VANCOUVER BC HOMES & CONDOS GREATER VANCOUVER BC REAL ESTATE FOR SALE House | Townhouse | Apartments Condos | Real Estate Vancouver | Richmond BC