Pride of ownership is the number one reason Canadians desire to own their home. It means you can hang frames on the wall, enjoy your premises with your pet and decorate your home according to your own taste without needing to ask for permission. It provides a sense of stability and it's making an investment in your future.

Historically, real estate over the long run has proven to be an investment that consistently appreciates. Housing is one of the safest investments consumers can make.

Although during the initial years of your mortgage you pay mostly interest, you are still slowly paying off your original debt and building equity. Rent drains your pocket every month, without contributing to any of your investments.

Real estate offers more tax advantages than other classes of investment. Unlike stocks and bonds, all profit or capital gains made on your principal residence is tax free.

Renting out all or part of your home generates rental income, which can be offset by allowable expenses.

For those who have trouble saving money!