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56% of Canadians Who Don't Own a Home Don't Expect to Ever Own One (opendatacanada.ca)
submitted 3 weeks ago by to c/canada@lemmy.ca
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[–] 2 points 3 weeks ago* (2 children)

With long mortgage periods available, you would think there would be more home buyers using it instead of throwing money away with rent.

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  • [–] 2 points 3 weeks ago

    Rent isn't necessarily throwing money away. You need to run the numbers for your scenario. Ben Felix has some great analysis on this. Home ownership as the only sensible financial move is a myth that really needs to die.

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  • [–] 1 point 3 weeks ago

    You'd think, but volatility in the job market makes mortgages extra risky. We're watching two houses circle the drain as both incomes were killed by tariff or Ai layoffs and now only one spouse works while the other searches, and 1/3-1/4 house income is not supporting a house AND food.

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