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Why young people who can afford it are choosing not to buy homes in Calgary

If all goes well, the arc of early adulthood is supposed to go: graduate, get a job, buy a house.

We’re told this is the formula for success. With each milestone you reach, friends and family pat you on the back. And by the time you reach the final step, you know you’ve really made it. You’re a homeowner now. Congratulations. Welcome to the club.

But wait. Some smart young people in Calgary with more than enough money to buy are opting to rent. Yep. Rent. Or, as your uncle might say, “paying someone else’s mortgage.”

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Are they crazy? Or do they know something the rest of us don’t?

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