To rent or to buy a home in Canada? So, is it really worth buying a home in Canada, or are there benefits to being a renter? A significant advantage of buying a home in Canada is the sense of stability it provides, which she says many young families typically seek. High upfront costs include a down payment, land transfer taxes, legal fees, home inspection fees, and realtor fees. This means factoring in whether you have disability coverage, life insurance, and more before owning a home in Canada.