1.Equity.Money paid for rent is money that you will never see again,but mortgage payments let you build equity in your home.

2.Savings.Building equity in your home is a ready-made savings plan.Over 10 years homes on average have appreciated 2% per year in Lethbridge. That means if you buy a home today for $250,000 it will be worth approximatley $300,000 in 10 years.

3.Perdictability.Unlike rent,your mortgage payments don't go up over the years so your cost may actually go decline as you own your home longer.How ever,keep in mind that property taxes and insurance cost will rise.

4.Freedom. The home is yours.You can decorate any way you want and be able to benefit from your investment for as long as you own your own home.

5.Stability.Remaining in one neighborhood for several years gives you a chance to participate in community.