With changing interest rates comes the age-old question: is it better to rent or to buy? [Financial Post (Toronto, Ontario, Canada)]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. In a recent survey, Royal LePage found that 29 per cent of renters had contemplated buying a property before renewing or signing a lease. And thirty-three per cent of these would-be buyers said they were waiting for interest rates to decline. Now that the Bank of Canada (BoC) has lowered its key rate to 4.75 per cent, it seems a good time to revisit the age-old question of whether it's better to rent or to buy. The Financial Post's Shantaé Campbell weighs the options in this evolving economic terrain. Article content What has changed? Thanks to the Bank of Canada's decision to drop its key rate, borrowing is now slightly cheaper, making mortgages slightly more affordable. Those considering buying a home may be tempted by the prospect of lower monthly mortgage payments. According to Ratehub.ca's mortgage payment calculator , a homeowner who put a 10 per cent downpayment on a $703,446
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CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website