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For many Canadians, buying a home has long been seen as both a financial milestone and a way to build a legacy. But that path is not the only option, and it may not be the right one for everyone.
For generations, people were told:
Buy a home. One day you will leave it to your children.
But what if you do not have children?
Buying ties much of your wealth into one asset: your home.
Renting, on the other hand, can offer flexibility and allow you to invest money elsewhere.
Real estate may grow in value over time, but investments can also compound while remaining liquid.
If you do not plan to pass a home on to heirs, renting may allow you to build wealth differently and decide later where that money goes, whether to family members, friends, charities, or causes you care about.
Buying builds a legacy through property.
Renting can build a legacy through choice.
The real question is not just whether to buy or rent.
It is what kind of legacy you want to leave.
We share insights every Monday (Matrimonial Monday) and Wednesday (Wise Wednesday).
The Graff Group Toronto: Icons of Real Estate
Samantha Graff Benmor & Cheryl Graff
Experience. Empathy. Results.
