this post was submitted on 30 Aug 2023
434 points (98.4% liked)

Canada

7299 readers
1141 users here now

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


founded 4 years ago
MODERATORS
 

According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 year ago

The money you pay into a mortgage doesn't evaporate. Only a portion of your mortgage is considered a cost (interest and fees and the like) the rest goes into your home equity.

If a tenants rent payment doesn't cover all of your mortgage, taxes and maintenance it does not mean your not making a profit.