@abim305 You replace a rent with almost identical mortgage, you will jump that 3% annual rent indexation, just check carefully with the bank to be able to refinance /renegotiate the mortgage when the interest will go down.
Do it, if the bank is accepting you a little paydown and to keep that savings (like 30-50k for paydown) .
In 5 years if you sell, you will have quite a nice amount from there. In 5 years if you move from rental, you will have nothing.
Edit: just check carefully to not need big improvements and be in good location.