Is it okay to rent if I already have investment properties?

My partner and I are both Canadian but we’ve worked in the U.S. / digitally-nomaded for the last 10 years (each place maybe 1-2 years, sometimes only a few months). During this time, we were fortunate enough to invest in residential properties in Vancouver, Toronto, and Montreal - all of which have long-term tenants. From an investment perspective, we are as leveraged as I feel comfortable with, and the ratio of real estate in my portfolio is also at my goal amount.

We are planning to move back to Vancouver for the next 5-10 years (have a 1 year old now), and finally setting down roots. Of course, my emotional side is “Need to set down roots? Buy a house!” Doing so would likely require us to sell one of our investment properties (or move into the Vancouver one).

However, I keep seeing a lot of great reasons to just rent a place instead, and because we are fully invested in real estate in HCOL areas, most of the benefits of buying vs renting (eg. getting into the market early, leveraged investing, inflation hedge) are things we are already have. The risks of instability when it comes to being evicted can be quantified via budgeting for some rent hikes and moving costs (to move to another place while staying in the same school district for example). The cash flow hits of these events might end up being the same if not lower than if we purchased. And, the flexibility that renting offers if we suddenly decide to move, or want more space, or a parent gets sick, is much much higher than if we purchased and then had to go through the risk of either selling or renting it out.

TL;DR: If I feel comfortable with the risks and costs of being evicted as a tenant, and I’m already fully invested in real estate, is there a really compelling reason to own the place I personally live in?

Obviously, I feel really grateful to even be in the position to have this question. I just think I have a lot of feelings wrapped up with the idea of “settling down” and I don’t want that to fog up this decision.