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.
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