I still read about people who think it makes sense to rent a Vancouver condo over buying. In the short term 1-2 years, it can make sense. There were saving advantages to renting 10 years ago when interest rates were at 8%. However, with our current ultra low interest rate environment where you can lock in a 3 year mortgage at 2.3% and Vancouver rental rates being at all time highs. It makes no sense at all to be renting for longer periods of time. In this video I will explain all the reasons why home ownership should be the first step for most people.