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A National Bestseller!
Why be house poor when you can rent rich?
“Why rent when you can buy?” More than any other, this phrase captures the overwhelmingly unanimous promotion of home ownership to Canadians. Real estate agents, mortgage brokers, family, friends, and even the government promote ownership as a safe, attractive, and sure-fire path to personal wealth. This one-size-fits-all advice ignores the reality of Canada’s housing market.
Canadians deserve better advice.
Faced with expensive house prices in a near-zero interest rate world, it’s time Canadians heard the virtues of renting and seriously considered renting as an alternative to home ownership. Real estate analyst Alex Avery insists renting offers a simple, more affordable way to live, plus in Canada’s frenzied housing market, going month-to-month is dramatically lower risk. He claims the reputation of home ownership as a wealth building strategy is unfounded and shows renters how to replace bricks-and-mortar with better investment opportunities.
- Sales Rank: #228389 in Books
- Published on: 2016-10-04
- Released on: 2016-10-04
- Original language: English
- Number of items: 1
- Dimensions: 8.97" h x .47" w x 6.00" l, .0 pounds
- Binding: Paperback
- 200 pages
Review
A good read filled with lots of facts, perspective, and questioning of the status quo. (Financial Post)
There’s a cure for this nation’s narrow-mindedness about renting instead of owning a home. It’s a new book called The Wealthy Renter. (Globe and Mail)
About the Author
Alex Avery is a top-ranked institutional equity research analyst, advising institutional investors on real estate investments. Alex joined CIBC Capital Markets, one of Canada’s largest investment brokerages, in 2005, and leads the real estate research team. He lives in Toronto.
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