Everybody is talking about what a bad investment real estate has been in the USA. Guess what folks.... most of us don't live in the USA.
I doubt you will find anywhere in Canada where re investment has crashed like it has south of the border. Our financing regulations are way different. Totally different kettle of fish.
I'd be interested in seeing what the stats are for Canadian real estate values and Canadian stocks over the past 20 years say.
Plus... when I sell my primary residence, I don't have to pay Capital Gains tax on it. Plus you don't have to be an investment guru to understand real estate like you do the stock market. IMHO, stock investment is a suckers game. Mostly only the rich insiders make the big money. By the time the average Joe hears about a good investment, its way too late.
I'll stick with a house that I can see and live in, property that I can stand on, and a place thats all my own and nobody can kick me out of (if I pay my bills).
I doubt you will ever find one millionaire who is a renter but I bet you will find millions who are real estate investors.
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