THE BUY VERSUS RENT DECISION written by Sean Cleary and Stephen Foerster In May 2013, Rebecca Young completed her MBA and moved to Toronto for a new job in investment banking. There, she rented a spacious, two-bedroom condominium for $2,500 per month, which included parking but not utilities or cable television. In July 2014, the virtually identical unit next door became available for sale with an asking price of $520,000, and Young believed she could purchase it for $500,000. She realized she was facing the classic buy-versus-rent decision. It was time for her to apply some of the analytical tools she had acquired in business school to her personal life. While Young really liked the condominium unit she was renting