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WebFeb 14, 2024 · Pros & Cons of Owning a House. Pros. Cons. Stability and peace of mind. Must pay annual property taxes and homeowners’ insurance (if you have a mortgage) Can usually generate equity (money) long-term. Comes with regular maintenance costs (for painting, mowing, edging, tree-trimming, plumbing, roof repairs, etc.) WebMar 23, 2024 · White people, on average, are 50% more likely to own homes than other races. (Source: Eye on Housing) When looking at homeownership by race and ethnicity, we see a fairly large discrepancy. Whereas about … Web1 day ago · For homes priced higher than $600,000, the deposit is covered for 10 per cent of the price up to $100,000. The deposit protection levels have not been increased since Jan. 1, 2024, and are today ... mega wash fort erie