Real Estate, Houses, and Mortgage
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.
Keeping it simple
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. You should also read our free ebook on How To Buy Your First Home in Canada.
Get 2.75% interest on your savings account with Tangerine.
Most Popular Real Estate and Mortgage Articles
Most Recent Posts
RSP vs. RRSP: What's the Difference Between the Two Retirement Plans?
I hear it all the time: “What’s an RRSP?” and “I have to buy RSPs before the deadline!” I once thought these terms could be used interchangeably, but there is a difference between an RSP vs. RRSP. This article will explain what makes these two terms unique, and how they overlap. What is an RSP…
How Many Credit Cards Should You Have?
Have you ever wondered: how many credit cards should I have? It’s a good question, but there’s no easy answer: it’s impossible to say exactly how many credit cards you should have since there are different considerations for every individual. But the short answer is that everyone should have at least one credit card, and…
Why Women Need to Save More for Retirement
We’re all aware that men and women aren’t the same, and these differences mean that conventional wisdom doesn’t always apply to both groups equally. Just as a doctor may follow different medical guidelines for male and female patients, it’s the same for financial recommendations: what’s good for men isn’t necessarily the best strategy for women,…
Borrowing Money to Invest: Good or Bad Idea?
Continued low-interest rates in Canada make the costs of borrowing very attractive, especially when purchasing assets that are likely to increase in value over time, such as a home. You may be tempted to take advantage of cheap interest, but is borrowing to invest a good idea? The answer depends on many factors, including the…
How to Invest in Penny Stocks in Canada
Trading in penny stocks can be an incredibly risky venture. Despite wildly successful tales from investors who’ve claimed to earn triple-digit returns on penny stocks, the reality is most penny stock will likely go to zero. One of the most famous penny stocks in Canada is Bre-X Minerals, the Calgary-based exploration company whose stock soared…
How Credit Card Interest Works
Credit card rewards and cash back perks are a great benefit to using your credit card for everyday spending, but it's important to remember that credit cards also charge you interest. But how does credit card interest work exactly? Credit card interest is the cost of borrowing money, and when you make purchases on your…