For many Canadians, renting a home and investing the difference is building more wealth than taking on a massive mortgage, writes Sean Ingraham. Photo by Evan Buhler/The Canadian Press files

Here’s what nobody talks about at dinner parties: that friend who bought a condo five years ago and won’t stop bragging about building equity? They might be financially worse off than you are as a renter. And the data backs this up.

While many are still parroting the old “rent is throwing money away” line, current market conditions are flipping such conventional wisdom on its head. As Canada’s largest property management firm, FirstService Residential has a front-row seat to how both renters and buyers are faring in today’s market. What we’re seeing challenges popular beliefs about real estate and

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