"If I get canned by CX, then I'll just leave the keys on their desk!!!"
Minus your $38,000 (5%) US Dollar Down-Payment . And if the real estate market drops by 10% you will be sitting in negative equity and owe the bank $75,000 US Dollars on top of your down-payment.
Not trying to be a pompas ass - I do think it is an excellent option and there is some significant potential. I do also think that new joiners need to be aware that the housing allowance is not all gravy - there are some risks envolved.