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 Canadaâ€™s largest investment brokerages, in 2005 and leads the real estate research team. He lives in Toronto.
The Wealthy Renter
A National Bestseller!
Why be house poor when you can rent rich?
â€śWhy rent when you can buy?â€ť 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 Canadaâ€™s housing market.
Canadians deserve better advice.
Faced with expensive house prices in a near-zero interest rate world, itâ€™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 Canadaâ€™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.
Thereâ€™s a cure for this nationâ€™s narrow-mindedness about renting instead of owning a home. Itâ€™s a new book called The Wealthy Renter.
A good read filled with lots of facts, perspective, and questioning of the status quo.
Alex Avery shows many of our preconceptions costs us money.
As one of the few guides specific to Canadian renters, Averyâ€™s fills an information gap and is a solid overall choice for anyone interested in Canadian housing options.
While Canadian focused, a great deal of the information and all of the general principles are applicable to diverse American housing markets as well.