A RARE OWNERSHIP OPPORTUNITY.
It Makes Sense to Own Rather Than Lease.

Topics Own Lease
GROWING EQUITY As you pay down your principal and your property appreciates, your equity builds Renting brings no economic benefit
RENTAL HIKES Stable mortgage rates reduce uncertainty The market and landlords decide for you
MANAGEMENT FEES As part of a team of cost-conscious owners, you have your say on the condo board Your lease and management company determine operating costs and will change management fees
TAX BREAKS Depreciate your unit from its full value annually and write off operating and mortgage interest expenses Write off your lease as a business expense
IMPROVING SPACE Money spent for mezzanine and office showroom build out increases unit value Improvements benefit landlord and may raise renewal rate
LONG-TERM BENEFIT Unit is an investment that can be rented to a third party or sold with business No economic benefit to you

COMPARE YOUR COSTS IN THE TABLE BELOW

OWNING SCENARIO OFFICE
TOTAL SQUARE FEET 2,500
PRICE PER SQ. FT. $350
PURCHASE PRICE $875,000
DOWN PAYMENT $218,750
MORTGAGE AMOUNT $656,250
MONTHLY MORTGAGE COST (interest only) $2,188
ANNUAL MORTGAGE COST (interest only) $26,250
MORTGAGE COST PER SQ. FT. (interest only) $10.50
LEASING SCENARIO OFFICE
TOTAL SQUARE FEET 2,500
LEASE TERM 10 YEAR
ANNUAL RATE (PER SQ. FT.) $20
ANNUAL LEASE COST $50,000
NET SAVINGS ON OWN VS. LEASE (10 YR) $79,921
EQUITY BUILT DURING OWNERSHIP (10 YR) $490,117
EQUITY BUILT DURING LEASING (10 YR) $0

Mortgage based on 4.0% interest rate, 25 years amortization and 25% down payment. Actual mortgage payments will be dependent on qualification of buyer OAC. Equity built assumes 3% annual appreciation and pay down of principal. Interest only calculations based on average monthly interest paid over 10 years. All information provided by this table is for information purposes only and no reliance should be placed on this information for any possible legal purpose or any circumstance where loss or damage could arise as a result of reliance on this information.