Condo Costs:
Generally, a condo will cost more to rent per month than an apartment. But if you can afford it and have money for a down payment, you may want to consider purchasing your condo.
You may pay a bit more each month for your mortgage payment and condo fees, but the money that you are paying goes towards something that you actually own.
As you make your monthly payments, you are paying down your mortgage. When and when you go to sell your condo, your condo will have most likely gone up in value and the amount that you borrowed to buy it will have gone down. You get the difference.
When you rent, on the other hand, you don’t get anything in return for your rental payments once you leave your rental unit.