In a scenario, would it be better to rent or buy? Please explain how to figure each in time value of money.

Currently renting it is 3,000 permonth.

If a new condo was purchased it would be 1,055 per month. Property taxes of 300 permonth. Repairs and maintenance 600 per year.

If she purchased the new condo, it would be 600,000 with a down payment of 20 percent would be put down, plus a 1.5 of the purchase price for a deed-transfer tax as well as a 1.5 provincial deed transfer tax due on the purchase date. Closing cost would be 2,000.

to finance the other 80 percent of the purchase price, she would be able to obtain a mortgage at 4 percent locked for 10 years and would amortize the mortgage over 25 years with monthly payments.

Scenario

1. if she purchases the condominium and sells at a later date, what would the future net gain or loss be if the condo price is unchanged for year 2, 5, and 10.
2. if she purchases the condominium and sells at a later date and the condo price increases annually by the annual rate of inflation 2 percent year over the next 10 years.