The Wealthy Renter
How to Choose Housing That Will Make You Rich
- Publisher
- Dundurn Press
- Initial publish date
- Sep 2016
- Category
- General, Buying & Selling Homes, Mortgages
-
eBook
- ISBN
- 9781459736481
- Publish Date
- Sep 2016
- List Price
- $9.99
-
Paperback / softback
- ISBN
- 9781459736467
- Publish Date
- Sep 2016
- List Price
- $19.99
Classroom Resources
Where to buy it
Description
A National Bestseller!
Why be house poor when you can rent rich?
“Why rent when you can buy?” More than any other, this phrase captures the overwhelmingly unanimous promotion of home ownership to Canadians. Real estate agents, mortgage brokers, family, friends, and even the government promote ownership as a safe, attractive, and sure-fire path to personal wealth. This one-size-fits-all advice ignores the reality of Canada’s housing market.
Canadians deserve better advice.
Faced with expensive house prices in a near-zero interest rate world, it’s time Canadians heard the virtues of renting and seriously considered renting as an alternative to home ownership. Real estate analyst Alex Avery insists renting offers a simple, more affordable way to live, plus in Canada’s frenzied housing market, going month-to-month is dramatically lower risk. He claims the reputation of home ownership as a wealth building strategy is unfounded and shows renters how to replace bricks-and-mortar with better investment opportunities.
About the author
Alex Avery is a top-ranked institutional equity research analyst, providing advice to institutional investors on investments in publicly traded real estate trusts and companies across North America. Alex joined CIBC Capital Markets, one of Canada’s largest investment brokerages, in 2005 and leads the real estate research team. He lives in Toronto.
Awards
- Commended, Dewey Divas and the Dudes Fall 2016 Picks
Editorial Reviews
A good read filled with lots of facts, perspective, and questioning of the status quo.
Financial Post
While Canadian focused, a great deal of the information and all of the general principles are applicable to diverse American housing markets as well.
Midwest Book Review
Alex Avery shows many of our preconceptions costs us money.
National Post
As one of the few guides specific to Canadian renters, Avery’s fills an information gap and is a solid overall choice for anyone interested in Canadian housing options.
Publishers Weekly
There’s a cure for this nation’s narrow-mindedness about renting instead of owning a home. It’s a new book called The Wealthy Renter.
Globe and Mail