Discussion #$2-$ Rent vs Buy $(4\%)$

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Housing prices in the Greater Toronto Area $-$ as well as in most cities in Canada have risen steadily for many years making it difficult for some to afford buying a home.

Tell me if you think that it is still wise to buy a home, or if you think that renting is a better choice.

Please provide $3$ SPECIFIC, Personal Finance reasons to support your answer. Do not attach files $-$ post directly to the discussion board.

NOTE: All of the analysis provided by you must be your own work and reflect your own original thought. Do not provide any copy$/$paste material, do not include any hyperlinks, do not reference or provide citations for other material. I want to receive your opinion, the results of your research and your thoughts.