Majority of Canadians who don’t own a home have ‘given up’: poll

Owning a home is not risk free. It can be somewhat illiquid. Its value can go down or stagnate. Maintenance costs can be significant and it can really suck having to move to find employment and sell into a down market. Much of this is not experienced by renters.

Going into retirement home ownership is quite helpful. But otherwise it’s been a mixed blessing throughout my career. I was never able to switch jobs without moving. And it was never a sellers market when I needed to sell.