This article today in the Globe and Mail highlighted the strategy of many investors to rent rather than save.  Renting in downtown Calgary is becoming increasingly popular among millennials.  They are close to work while saving because rent is cheaper than the costs involved with a purchase.

https://www.theglobeandmail.com/investing/personal-finance/gen-y-money/article-young-canadians-are-building-wealth-and-growing-nest-eggs-while/