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These are very intriguing numbers but the majority of Canadians would not be saving the difference from renting. Those numbers assume that there’s actually something left after renting as well which for many does not exist. The average savings rate is less than 1% in Canada.

I agree that needing money is tricky, but Canadians have embraced HELOCs and the interest rates are extremely low right now and not expected to increase. This solves the need to be liquid.

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