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Is Owning a Home Becoming a Thing of the Past?
May 1, 2025 | Posted by: Daryl Johnson
You’ve probably heard the phrase “You will own nothing and be happy.” Honestly, I’ve always thought it was a dumb slogan. No, I don’t believe there’s some secret Illuminati conspiracy in Davos pulling all the strings.
But lately, I’ve started to wonder… why does it feel like owning a home is slipping further and further out of reach? Especially here in Canada.
The government has been pushing hard to build more rental housing—and yeah, I get it. For decades, they ignored purpose-built rentals and relied on investors to fill the gap with rental condos. That worked for a while… until it didn’t.
Let’s face it: amateur landlords (a.k.a. regular people renting out condos) aren’t the same as professional landlords (like REITs or pension funds). Add in terrible landlord-tenant laws, and it’s been a mess. So sure, more purpose-built rentals are good—rents are even starting to drop in Ontario and BC. That’s a win.
BUT… here’s the problem: while we’re building all these rentals, construction of homes for people to buy has fallen off a cliff. Is that really what we want? To make homeownership even harder for families?
I hear two arguments all the time:
“Just rent and invest your money instead!” Investment gurus love this one.
“The economy is changing; renting is the future.” Policymakers seem to think lifelong renting is just fine.
Well, I say NOPE to both of those ideas.
Owning a home isn’t just about money or investments—it’s about stability. It’s about your kids going to the same school, growing up with the same friends, and being part of a community. It’s about having control over your life—painting your walls whatever colour you want without asking permission!
Renting might work for some people, but we can’t let homeownership become a distant dream for families who want it. Everyone deserves the chance to put down roots and build a better life.
So, what do you think? Is Canada moving too far away from homeownership? Share your thoughts in the comments below!
Want to discuss this further or have questions about the Canadian housing market? Feel free to send me a message or comment below. Let’s keep the conversation going!