Quote:
Originally Posted by Radley77
Try this rent vs. buy calculator:
http://www.ic.gc.ca/epic/site/oca-bc.../ca01821e.html
Also, here is a rental yield calculation for a two bedroom condo in Calgary:
December 2007 Calgary Condo Price = $304,719
Residential Tax Rate = 0.0054614
Annual Taxes = $1,664
2007 Calgary Two Bedroom Condo Rent = $1089/month
Condominium Fees = ~$150/month
Calgary Rental Yields = (1089*12-150*12-1664)/304719 = 3.15% |
Please tell me where in Calgary you can rent a 2 bedroom condo for $1089 a month. I'd like to ditch my mortgage and rent too if that's the case. I just rented out three 1 bedrooms for $1300 each.