Population and Housing

[plam]

And yeah, the selection really is better in owned homes...it's just one more way that owned homes are prioritized.

Was definitely true in KW in 2008. I don't know whether it's still true, since I haven't really been in the market. It is true that you generally don't have to move if you don't want to, if you own your own residential real estate. Montreal less so.

NZ has perhaps even more of a "owning real estate" culture, and what's more, people tend to buy second, third, and more properties as retirement savings, renting these properties out. (I think this is misguided, but the whole country doesn't seem to think so). That happens to some extent in Canada too, but not quite as much, I think.