03/05/2026
Would you rather
A) Rent and keep flexibility
B) Buy a condo and build equity
Comment A or B 👇
Convince Your Parents to Buy You a Condo 👀
Sounds crazy…
But let’s run the numbers.
If you rent a one-bedroom condo in downtown Toronto today, you’re probably paying around:
$2,200 per month.
Over 5 years that equals:
💸 $132,000
And when you move out…
What do you get back?
$0.
No equity.
No investment.
No wealth built.
Now imagine a different strategy.
Instead of renting a 1-bedroom…
You buy a 2-bedroom condo.
Your monthly cost might be around:
$2,800/month.
But here’s the trick.
You rent the second bedroom to a roommate.
In many Toronto condos that room could rent for about:
$1,200/month.
Now let’s look at what happens over 5 years:
📈 Mortgage paydown → $43,000
📈 Property appreciation (3%) → $137,000
📈 Roommate contribution → $37,000
Total potential wealth created:
💰 $218,000
Compare that to renting:
$0.
This is exactly how many investors start.
Buy a condo → build equity → upgrade later.
And right now the gap between condos and houses in Toronto is growing again.
Which means condos are often the first step into the market.
Not the final step.
Now, I’ll ask the question again: Curious what people think:
Would you rather
A) Rent and keep flexibility
B) Buy a condo and build equity
Comment A or B 👇