Renting vs Owning

[SlowHabit]

[ QUOTE ]
Henry, is that true in all of canada (read: quebec) or just ontario? I wonder what works out better: No cap gains, or mortgage payements are tax deduc. Of course, our rules are probably the reason why we dont seem to have the saem speculative bubble as the states.

[/ QUOTE ]
I wrote a long response but decided it was just wordy and didn't explain anything. I think mortgage payments [or specifically, interest on the mortgage payments] are tax deductible is a better choice.