80 - Friday, July 3, 1992 - North Shore News

REAL ESTATE

Study compares renters and
owners over 30-year period

MOST LOWER Mainland
residents who bought homes
in the 30-year span from
1961 to 1991 obtained
significant financial advan-
(ages over renters. and this
will continue to be the case,
a national housing research
firm says. The study by
Clayton Research Associates
Lid., was commissioned by
the Canadian Home Build-
ers’ Association (CHBA).
The ‘study concentrated
on Ii centres — St. John’s,
St. John, Charlottetown,
Halifax, Quebec City,

Medallion Winner
Master (5 Yrs.}

‘Toronto, London, Win-
nipeg, Regina, Edmonton
and Victoria — and shows
clearly that owners who
purchased 20 and 30 years
ago had markedly greater
net worth than renters for
the same period. The centres
chosen are considered to
provide a goad cross-section
of the range of experiences
of housing markets across
Canada.
Under the assumptions
used for the study, the
average difference in net
worth in favor of owners

over renters after 30 years
(1961-91) was about
$200,000; fur those who had
owned as opposed to renting
for 20 years (1971-91), the
difference was about
$140,000.

“The study clearly dem-
onstrates that home owner-
ship has been an excellent
investment,” said Ken Far-
rish, president of. the
Greater Vancouver Home
Builders’ Association. The
same pattern was projected

See Clayton page T4

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~*~ MACDONALD REALTY (1974) LTD. Kerrisdate Square No. 208 2105 West 38th Ave.,

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