Across the country, housing markets continue to soar beyond the reach of many. For most Canadians, the price of buying a home is completely unaffordable. For others, the large debt incurred from a mortgage is no longer justifiable.
Some potential buyers are walking away from the housing market and finding new investment strategies to grow what would have been a down payment. They are choosing to focus on stocks, art and alternative investments to appreciate their wealth.
Trevor Scott, president at the hedge fund Tidefall Capital, is well aware of the uncertainties that the stock market can bring, but still chooses to invest in it instead of purchasing a home in Canada.