That said, buying a house has been for generations a kind of forced saving plan for undisciplined investors; it might not be the absolute best investment, but without that monthly mortgage payment, they might not have saved anything at all.
Canadian business guru Joe Canavan, founder of GT Global (Canada) and Synergy Asset Management, looked at the numbers and realized, that over the last 25 years, the S&P TSX Composite Index was up by about 325%, while during that same period, the average home price across Canada increased about 200%. That said, buying a house has been for generations a kind of forced saving plan for undisciplined investors; it might not be the absolute best investment, but without that monthly mortgage payment, they might not have saved anything at all.