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The High Cost of Renting
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The High Cost of Renting
Can you afford to rent? The table below shows the
accumulated cost of renting over the years, based on a 4% rental increase per year.
| Monthly Rental |
$700 |
$750 |
$800 |
$850 |
$900 |
$1,000 |
$1,100 |
| 1st Year |
$8,400 |
$9,000 |
$9,600 |
$10,200 |
$10,800 |
$12,000 |
$13,200 |
| 2ndYear |
$8,736 |
$9,360 |
$9,984 |
$10,608 |
$11,232 |
$12,480 |
$13,728 |
| 3rdYear |
$9,085 |
$9,734 |
$10,383 |
$11,032 |
$11,681 |
$12,979 |
$14,277 |
| 4thYear |
$9,449 |
$10,124 |
$10,799 |
$11,474 |
$12,149 |
$13,498 |
$14,848 |
| 5thYear |
$9,827 |
$10,529 |
$11,231 |
$11,933 |
$12,634 |
$14,038 |
$15,442 |
| 6thYear |
$10,220 |
$10,950 |
$11,680 |
$12,410 |
$13,140 |
$14,600 |
$16,060 |
| 7thYear |
$10,629 |
$11,388 |
$12,147 |
$12,906 |
$13,665 |
$15,184 |
$16,702 |
| 8thYear |
$11,054 |
$11,843 |
$12,633 |
$13,423 |
$14,212 |
$15,791 |
$17,370 |
| 9thYear |
$11,496 |
$12,317 |
$13,138 |
$13,959 |
$14,781 |
$16,423 |
$18,065 |
| 10thYear |
$11,956 |
$12,810 |
$13,664 |
$14,518 |
$15,372 |
$17,080 |
$18,788 |
| Total |
$100,851 |
$108,055 |
$115,259 |
$122,462 |
$129,666 |
$144,073 |
$158,481 |
Call Hajnal at 416 391-3232 to learn how you can convert your renting dollars into an
investment in your future.
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