Try to test drive the Civic and there you can decide. The '05 VTi-S has 4 wheel disk brakes and is a/t already so if the mileage and condition are similar then why not? Maintainance cost has a little edge towards the Corolla but the Civic isnt far behind (plus every 10,000kms lang ata service requirement for the Honda). On gas mileage, the Altis has an edge... esp. if yours is a m/t and the civic is a/t.
It will boil down to preference IMO. I was faced with the same dilemma before (Altis vs. Civic) and it was a test drive of both that made me decide on the Civic (my space and driving feel preferences favored the Civic).