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Because they can't afford a house?
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Why not?
With the Calgary rental market in its current state, you don't save much by renting instead of taking out a mortgage and buying.
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That used to be the case for most youngins - back in the day of sanity when people needed a downpayment and job history to qualify for a small mortgage.
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"Back in the day of sanity" housing prices weren't rising significantly faster than the rate of inflation. It's now all but impossible for "most youngins" to save 20% down.
