Are Calgary millennials giving up on home ownership?

Discussion about a recent CBC news article that supports an argument for renting a property rather than purchasing one (even though you can afford to). Three young Calgarians are featured in the article explaining their thoughts on their decision in Calgary's real estate market. John Darel (realtor with Maxwell Realty - Canyon Creek) also chimes in with his thoughts. Also, with all the recent mortgage changes...there's been little talk about the impact on qualifying for investment rental mortgages. If would-be buyers get squeezed out of the market, then perhaps this might open the door for some to consider purchasing a rental investment property in anticipation of affluent tenants. Hosted on Acast. See acast.com/privacy for more information.