The Quickie: How To Buy Or Rent Your Next Home

The housing market is absolutely insane in North America right now, especially in the major cities of Canada (helllllo, Toronto and Vancouver). The market is hotter than ever, and Canadian house prices and home sales hit record highs this March. So in today’s quickie, we’re diving into everything you need to know to navigate renting or buying your next home. Whether you’re moving out into a rental for the first time or thinking about taking the plunge and buying real estate, there’s a lot to consider that can help you with your decision. Hosts Cailyn and Gillian bring their different experiences and perspectives as renters and homeowners to offer up realtalk on the process and logistics of landing your next home. It’s daunting AF, but there’s still a ton of hope. It’s a good time to rent right now since we’re in a renter’s market, and if you’re looking into homeownership, interest rates are super low for the time being. Tune in as we chat about:Trends in the Canadian real estate market, and how much buying a home or renting a condo could set you back in major citiesHow to decide between renting and buying based on your goals, values and finances (and the pros and cons of each)The % of your income you should be sending on your homeThe importance of location and neighbourhoodThe team of real estate agents, mortgage brokers and lawyers you’ll need in your cornerEverything you need to know about mortgages, explained The hidden and unexpected costs of buying a home that you should prep forThe process from submitting an offer to picking up the keys on your closing dateThe requirements checklist you should use for finding your ideal rentalHow to negotiate your rent like a bossThe paperwork, proof and process you’ll need to secure your rental homeWe hope this episode helps you in your search for the perfect rental or your first home. Happy house-hunting, friends!For show notes and more adulting tips, visit:teachmehowtoadult.caSign up for our monthly adulting newsletter:teachmehowtoadult.ca/newsletter Follow us on the ‘gram:instagram.com/teachmehowtoadultpodcast Follow Gillian:instagram.com/yunggillianaire/Follow Cailyn:instagram.com/cailynmichaan/ Subscribe to my Substack:teachmehowtoadult.substack.comFollow us on the ‘gram:@[email protected] on TikTok: @teachmehowtoadultSubscribe on YouTube