The gains are not evenly spread across Canadians, the agency noted, meaning they reflect the financial success of few households.
  • CanadaPlus@lemmy.sdf.org
    0·
    3 months ago

    Funny enough, real estate preforms worse than just an index fund, usually. The difference is that a mortgage makes not regularly paying in much more difficult.

    But yeah, the underclass tends to rent.

    • LeFantome@programming.dev
      0·
      3 months ago

      The other differences are leverage, tax sheltering, and the low cost of borrowing. How many people can borrow $1,500,000 at 5% to buy an index fund in a tax shielded account?

      Also, don’t forget that you get to “invest” your rent money when you buy a home.

      Real estate returns are higher.