Real Estate, Houses, and Mortgages

The Biggest Purchase You’ll Ever Make

Raise your hand if you’ve heard the phrase, “My home is the best investment I ever made.”

Now either you managed to buy a home twenty years ago in the historically ridiculous markets of Vancouver or Toronto – or you just aren’t very good at investing.

Understanding how to buy a home and how to invest in real estate are two different sides of the same coin.  While I prefer to invest in more liquid assets for the time being, there is little doubt that there is money to be made as a landlord.  And just because homes shouldn’t be classified as investments, doesn’t mean that they are irrelevant to personal finance – far from it.  In fact, it’s my opinion that it’s on this issue many Canadians cripple their personal finance plans before they even get started.

You know what is a really quick way to make sure you don’t pay yourself 10%?  To pay the bank over 40% of your pay each month for your mortgage and then wonder how you can afford to buy a coffee pot to put on those gorgeous marble counter tops you had to have.

We’ll let you know the ins and outs of getting a mortgage in Canada, some tips and tricks for buying and selling home, as well as our dabbling in real estate investment.

Real Estate Agent Commissions and Pay In Canada

Canada’s Mortgage Brokers or Big Banks Debate Explained

Variable, Fixed, Open, and Closed Mortgages

How to Port a Mortgage in Canada

How to Rent Your Basement Suite

Tax Deductions on Rental Property Income in Canada

How to Use the Home Buyers Plan for First-Time Canadian Homeowners

Building a Fourplex In Canada

4 Ways to Pay Your Mortgage Faster

Are Rich Dad/Poor Dad Seminars a Scam?

The Nuts and Bolts of Buying a House in Canada

If you didn't get in on the contest for our free eBook: Getting Your Foot in the Door - Buying Your First Home in Canada, check it out now before it's too late! If you want a taste of what the free resource has to offer, take a sneak peak below at our chapter on what...

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5 Things to Think About Before Buying Your First Condo

In Vancouver there are a TON of new apartment and condo developments, it makes me think...who are moving into these condos? If you're thinking about buying your first condominium and you want to get in on the hot real estate market, this post might be for you.  I...

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Taking “Real Estate 101” with Your University Freshman

This article initially appeared in Canadian MoneySaver Magazine. Your firstborn is approaching one of their major rites of passage – their high school graduation – and you’ve got a couple more that are growing like weeds.  Wasn’t it just yesterday you were driving...

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Owning U.S. Real Estate- Tax Structures

Don't worry readers, I didn't end up buying U.S. real estate, but admittedly I was very tempted and enchanted by the idea that I ended up doing a bit of research to see how one goes about buying U.S. Real Estate.  In the end I thought that it seemed a bit too...

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Know Your Mortgage Penalty

With my new zest to pay my mortgage down faster it made sense to do a little research in regards to the maximum allowed payments I could make on my mortgage without having to pay a mortgage penalty. First of all, if you have an open mortgage (meaning you can pay down...

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Why I am Paying Down My Mortgage More Aggressively

I never thought I would say this because initially when I bought my condo I thought I would use the mortgage interest to offset my work at home income or to offset future rental income when I end up renting out my condo to save on income taxes.  However, a couple...

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4 Ways to Pay your Mortgage Off Faster

Our mortgages (if you have one) are by far the largest investment that you will make in your lifetime.  At the ripe old age of 31 (I kid, I kid) Sean Cooper will be mortgage free, according to an article in the Financial Post recently.  He lives in Toronto and owns a...

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Understanding How Home Equity Actually Works

If I have to listen to one more Canadian tell me that their home is, “The best investment I ever made,” I may lose my mi… well, let’s not be hyperbolic – I’ll probably just continue to internally shake my head at this statement. Yes, in this age of ever-escalating...

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4 Reasons Why You Might Not Want to Pay Down Your Mortgage ASAP

Although most financial experts agree that you want to pay off your mortgage as soon as possible, there are some instances in which it makes sense not to pay off that mortgage debt as humanly possible.  Mortgage debt isn't necessarily bad debt even though it is...

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IntelliMortgage Review – Is a DIY Mortgage Right for You?

If the HGTV-driven acronym DIY can apply to building a deck or renovating your kitchen, IntelliMortgage’s Rob McLister and Deon Yu believe that surely the same principles can be applied to setting up your own mortgage. A DIY mortgage is essentially a strategy for...

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