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Millennials are renting in downtown Calgary to save money.


Owning vs renting in downtown Calgary

Renting in downtown Calgary is a strategy which millennials use to save money. The difference between owning a residence and renting is put into their RRSPs and TFSAs.  They rent in prime locations downtown close to work and they find the difference between their rent and the costs associated with owning a home are sufficient to fund their savings. Read more here https://www.theglobeandmail.com/investing/personal-finance/gen-y-money/article-young-canadians-are-building-wealth-and-growing-nest-eggs-while/

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