2 ms·

It depends on what value you assign to owning instead of renting. No landlord to deal with and being certain you don’t have to move for as long as you want are

• acchow 5y ago
  > No landlord to deal with and being certain you don’t have to move for as long as you want are benefits to owning that are worth a premium over renting. The premiums you listed have always existed, there's no reason for them to grow now. What's grown now is that, because home prices are rising, people look at the rising prices and want to take advantage of it. And the primary residence in Canada has infinite tax-free gains - so as long as prices rise, it seems like it makes total sense to pour as much as possible into housing. This is a bubble. Canadians think of housing as the best possible investment because housing prices are going up and its a tax-advantaged vehicle. Once prices start falling, we'll see this leveraged investment unravel quickly