The Gray Team Ucluelet Real Estate
Call Us
Text Us

Why Home Ownership Matters

Starfish The Gray Team Ucluelet Real Estate

By Clarence Rockland

Home is the one place where we create an environment that’s all our own. It’s where we establish traditions, mold our family’s values, and form our identity. But does it matter whether we own the home or not? It certainly does.

Studies show that home ownership has a significant positive impact on our net worth. The Canada Mortgage and Housing Corporation (CMHC) reports that the average Canadian homeowner has a net worth of $377,000, versus a renter, whose average net worth is $64,000. Homeowners can draw upon that net worth when they age, reducing the need for government assistance. Clearly, home ownership does matter.

Read full article...

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram