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bizaro86 · 10-25-2010, 03:19 PM

Are you married to renting? If you're staying in Edmonton for a few years, it might be worth buying.

I did a quick MLS search, and there are approximately 180 detached houses in Edmonton for under 250,000, and a 250k mortgage at 3.99 fixed is approx. $1060/month, leaving a bit of a buffer for tax/insurance to keep you around 1200/month.

You could also buy something for quite a bit less. For example http://www.realtor.ca/propertyDetail...dKey=-68174469

this (small) house is only 159,000. Its basically a 2 bedroom apartment on a piece of land in the NE.

10-25-2010, 03:19 PM	#27
bizaro86 Franchise Player Join Date: Sep 2008 Exp:	Are you married to renting? If you're staying in Edmonton for a few years, it might be worth buying. I did a quick MLS search, and there are approximately 180 detached houses in Edmonton for under 250,000, and a 250k mortgage at 3.99 fixed is approx. $1060/month, leaving a bit of a buffer for tax/insurance to keep you around 1200/month. You could also buy something for quite a bit less. For example http://www.realtor.ca/propertyDetail...dKey=-68174469 this (small) house is only 159,000. Its basically a 2 bedroom apartment on a piece of land in the NE.