Is it a Good Investment?
Ask any homeowner, a house is solid investment that is difficult to match. Why?
Capital Gains Are Tax Free
Any capital gains that accrue and are realized on the sale of a principal residence are tax free — your money, 100%!!
To match even a small appreciation of 6%, the return on a fixed-income investment such as a GIC would have to be as much as 12%.
Gain Leverage
You do not need the full purchase price to own a home.