It makes financing anything else a breeze. It makes you more money than you earn. Imagine if when you paid rent you got a cheque for twice what you paid in ren

It makes financing anything else a breeze. It makes you more money than you earn. Imagine if when you paid rent you got a cheque for twice what you paid in rent. I’m $12,000 in “rent” on my current place and it’s returned $123K, I moved in in May didn’t start paying rent til July. When you’re done with it you can rent it and have someone else buy it for you. The market might return slightly higher but with leverage (mortgages) the returns are unbeatable. In Canada selling your primary residence is exempt from cap gains. When you combine all of these factors with modern zoning and rent control laws you basically can’t lose money. If you buy presale by the time the unit is built it rents for more than the mortgage.