I discuss whether your #primaryresidence #home should be considered part of your #networth as an #asset, or a #liability.
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Canadian Money Talk 
Hello Ales,
I liked your discussion about, including your primary residence as part of your total wealth. I would definitely agree with what you said, and this reminded me of the definition of an asset in one of my first accounting courses.
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I think the fact that you will have future expenses for the primary residence is really just a red herring as it provides you with a place to live which is a big benefit, and it will always be worth some value. I think of the future expenses as being lower than the future benefits, and therefore it is definitely an asset.
Enjoy your week. Looks like Vancouver is much warmer than Toronto.
Reg
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Hi Reg – it’s an interesting discussion… maintaining a primary residence is costly (people budget 1% of property value). Even assuming you are saving on rent elsewhere, let’s compare the primary residence to an investment property: since most Canadians can’t make their investment properties cashflow, I could argue that even with rent included the primary residence not an asset. There is the appreciation, but it seems to be at 3% over along-term period, or inflation.
I am enjoying the sun, whenever I see it through the rain. 😉
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