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Even if the costs of maintaining a house vs. rent even out for the first 10 years, that isn't true of the first 20 years...or what about after that when you get to live rent free? Home ownership in the long run has proven to be a very effective way of building wealth in North America.
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Has it though? I have read before if you take the savings in rent vs mortgage and invested in a general stock market index, you would have a higher net worth.
However, a mortgage is like forced savings as you must pay it, where when renting you buy a new car with the savings.
https://www.theglobeandmail.com/real...3/?arc404=true