Buy vs. Rent: If You’re Thinking About Buying a House, You Need to Read This

Millions of Millennials are eager to buy their first house, but one financial expert is urging new home buyers to slow down.

Garth Turner is a best-selling author and financial speaker. From his popular blog GreaterFool.ca, Garth warns that soaring debt levels have created an epic housing bubble, especially in cities like Toronto and Vancouver.

Renting, he argues, could be a smarter move in some cases. Disciplined renters who plough their savings into a balanced portfolio—made up of say, the iShares S&P/TSX 60 Index Fund (TSX:XIU), the iShares S&P/TSX Capped REIT Index Fund (TSX:XRE), and the iShares DEX Short Term Bond Index Fund (TSX:XSB)—could actually come out ahead of homeowners with less risk. (more)

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