20 Years of Renting vs. Buying a Home in Canada (2005 to 2024) скачать в хорошем качестве

20 Years of Renting vs. Buying a Home in Canada (2005 to 2024)

It seems like a foregone conclusion that homeowners have always come out ahead of renters in Canada over the last 20 years, but the data do not agree. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/co... Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ PWL Rent vs. Buy Calculator https://research-tools.pwlcapital.com... Real Estate Data Sources CREA HPI: https://www.crea.ca/housing-market-st... CMHC Rental Survey: https://www03.cmhc-schl.gc.ca/hmip-pi... Maintenance Costs -Mayer, in a response to Smith and Smith (2006), suggests a range of 2–3% for maintenance and capital expenditure. https://www.brookings.edu/wp-content/... -Harding, Rosenthal, and Sirmans (2007) find that U.S. housing depreciates at roughly 2.5% per year gross of maintenance spending, and 2% per year net. https://doi.org/10.1016/j.jue.2006.07... -Bokhari and Geltner (2016) find an overall average net of maintenance depreciation rate of 1.5% per year net of maintenance. https://doi.org/10.1111/1540-6229.12156 -In National Accounts data, Statistics Canada reports average maintenance and repair costs over our sample period of 0.82% as a proportion of net residential housing stock, and renovation spending of 2.48%. -For calculating the Consumer Price Index, Statistics Canada uses 1.5% of the building value for homeowners' replacement cost (depreciation). Homeowners' replacement cost comprises 24.85% of the owned accommodation item in the CPI, while homeowners' maintenance and repairs comprise 9.97%, or 0.60% of the building value. Together, this suggests depreciation and maintenance costs of 2.1% of the building value. Related Videos The Psychology of Home Ownership    • The Psychology of Home Ownership   Renting vs. Buying a Home: What People Get Wrong    • Renting vs. Buying a Home: What People Get...   Check out my weekly podcast @rationalreminder ​