Waterloo Region 🇨🇦 Rent vs Buy 🏠

[@MattRooney1]

Any Questions on Renting vs Buying or anything else, leave them below! Subscribe to stay up to date and never miss a video 👉bit.ly/2HcugXh Connect with me 👉facebook.com/RealMattRooney

[@sadiqnasiry]

what's ur email?

[@grasshopper9273]

Hi

[@grasshopper9273]

Hi Matt, lively vid, i live in 28 university ave. East on rent . Woukd love to own my home but i am a substitute teacher and i get rwgular work but my job is not considered as a permanent job. Can u help? I am oaying a rent of 1290 CAD. My email zitamende12. @gmail.com

[@edmontonexpert]

Great video! Love the graphic showing the numbers... so many people are shocked by the cost of loan insurance

[@MattRooney1]

Thank you. It's true, once put on paper you can be a little thrown back. Very much worth the entire process in my opinion though. Thanks for watching!

[@favoritelasvegasrealtor]

Like the new background and the mic! Thanks for sharing.

[@MattRooney1]

Appreciate that. Ya little different set up for this one.

[@MyRealtorKerri]

Its so helpful to see the difference in pricing. I'm not sure renting is stress free though ;) You then have the stress of waiting on your landlord to get things fixed. BUT I know what you mean..there is definitely more responsibility with owning then renting.

[@MattRooney1]

Great point, yes renting with lazy landlord definitely adds stress. Thanks for watching!

[@WiseMoveAZ]

Great information, it sounds like there are great options whether renting or buying!

[@MattRooney1]

Yes there still are great options for both. Thanks for watching!

[@RealtorMelanieMcNamara]

Interesting to compare pricing in different areas! Thanks for sharing!

[@MattRooney1]

Appreciate that! And yes I'm always doing it as well.

[@PalmBeachesPaul]

Dude you're so good at your videos great presentation.

[@MattRooney1]

Thanks a lot!

[@satamilradio1892]

This is very useful info for new migrants, lots of people may come on work permits if they want to buy a property they will have to pay 15% tax, this is good information. Thank you.

[@MattRooney1]

Hey thanks!

[@mihiriwick819]

Very nice video. You have a very pleasant smile too. Thank you.

[@samsansalone]

Love the new set-up!

[@MattRooney1]

Might be in the office now and again. Thanks for watching!

[@RealtorKateSmith]

Great topic, real helpful introduction to the area!

[@MattRooney1]

Thank you, yes hoping to help anyone thinking of relocating. But applies to all!

[@AvtarSingh-yh8wc]

Good information bro. Keep doing 👍

[@ChatmanRealtyGroup]

Awesome video. Future home owners should watch this video

[@MattRooney1]

Really appreciate that, thank you!

[@rajnibhatia7965]

Hi Matt. I wanted to ask about park homes. What are they? Their is a sale price but then they mentioned pad rent too. What does it mean?

[@HoustonKatyHomesGroup]

This is great info Matt, thank you!

[@MattRooney1]

Appreciate that, thx!

[@gibys100]

Good job. Could you please help with me to find 1 bedroom apartment or home in Cambridge. Any online website?

[@NickGood]

thank you for sharing this -- great advice!

[@MattRooney1]

Appreciate that Nick! Thank you

[@nealstoughton4025]

Moving to Waterloo Canada from Arizona. I know I should have my head examined, but I have no job in Arizona :( Can you advise me where to look for rental listings? Are there any good web sites?

[@MattRooney1]

neal stoughton hey, thanks for watching the video! There are a few options for you - A) realtor.ca will have any and all properties that are listed through a real estate brokerage. I also have a system that mirrors MLS if you’d like any assistance in locating something. B) I like kijiji.ca for any privately listed rentals. It seems that no matter which other sites a property is listed on, landlords still post their listings on kijiji as well. Hope this helps!

[@nealstoughton4025]

It does. Thanks for the information. For those posted on realtor.ca, what are the standard terms for the agents? That is, how are they compensated on rentals?

[@MattRooney1]

neal stoughton there aren’t really “standard terms” but typically the owner of the unit will offer up half to a full month’s rent in commission

[@BarbaraStephensonRealtor]

Great explanation, Matt

[@MattRooney1]

Great to hear, thank you!

[@abrahamkawah6650]

What's the cost of renting a 1bedroom apartment

[@MaryAnglin]

Renting costs are just through the roof all over the place! You're right, into someone else's pocket.

[@MattRooney1]

Yes they do. Up right now.

[@HoustonKatyHomesGroup]

great video!

[@94884dinesh]

Hi sir. Pls let me know if i go jobless will my home be taken back? Or else what could be the alternatives?.

[@MattRooney1]

Dinesh S hey, thanks for the question. If you fail to make payments or default on your loan, then yes, your home can be repossessed and then sold by the bank/lender. You would still be entitled to any profit made on the sale after the arrears are settled. Should you find yourself in a position that you cannot afford the home you’re in, you could consider borrowing from family, refinancing your home, or selling your home. Alternatively, there is insurance that could help you in such situations. Hope this helps!

[@mikeclark6424]

Plz Hindi translate thanks regards