Options and LOC are ways that you can leverage your account.  I'm surprised that a CFA missed that.

So you're talking about a house in a single location but you want to compare it to a basket of global equities or ETFs?  The better comp would be to Canadian mortgage lenders, banks or other financials.  I'm really surprised a CFA would miss that.  Saying someone else is cherry picking when you're doing the same is funny.