A house is a wealth trap for those looking to retire

by Kristy Shen and Bryce Leung

Renting is throwing money away. Buy as much house as you can afford. Mortgage debt is good debt.

These are phrases Canadians have heard over and over. But just because we grew up hearing them doesn’t make them true.

And while owning a house might boost your net worth, it doesn’t help you retire. Here’s why.

LiLiT Hakobyan

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