Rent or buy? That’s an age old question, whether you’re talking about a home, a car, or equipment. Doctors and dentists face the same choice when it comes to acquiring office space. There are many variables to contemplate when reviewing each option, including cash flow, flexibility, investment alternatives, the stage of your practice, and your plans for it.

“You have to look at what makes sense for you, and think about all the factors,” says Michael Stoltz, Senior Account Manager, Healthcare Professionals, for RBC Royal Bank in the Greater Toronto Region. “Where you want to set up shop is always the first consideration, and after that it comes down to personal choice.”

In this article, you'll learn about:

• Weighing all the costs
• Location comes first
• Leaning on the experts