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Extending vs. Selling Short-Lease Flats in Canada: A Sociological Analysis of Housing Tenure Decisions

In Canada, homeownership remains the dominant and most socially advantageous form of housing tenure because it confers wealth accumulation, social status, and residential stability in ways that renting cannot replicate, much like the complexities of selling a flat with a short lease a reality that continues to shape class stratification and life chances in 2026. This conclusion emerges from decades of sociology research examining how housing tenure functions not merely as a consumer choice but as a structural mechanism that reproduces inequality across …

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