Renting In Retirement

Renting In Retirement

Canadians value few things more than a home that is owned outright. This might be especially true for retirees. The thinking seems to be that once your mortgage is paid off, your housing expenses evaporate. Unfortunately, this could not be further from the truth. The...
An Inside Look At Private Mortgage Lending

An Inside Look At Private Mortgage Lending

I’ve always been a bit of an odd guy. While the rest of my friends were off having fun immediately after high school and going off to higher education, I intentionally took a job working overnights at a local grocery store because it would kill my social life....

Is Renting Throwing Away Money?

Young people face a lot of pressure from their parents and peers to own a home. Canadians in general have a high rate of home ownership at 69 percent, and in many cases homeowners have seen tremendous growth in real estate prices for the past few decades. For these...

Should You Use An Online Mortgage Broker?

When I wrote about my mortgage renewal strategy last week a reader asked if it was a good idea to visit a rate comparison website and simply select the lender with the lowest rate. No doubt if you frequent these sites you’ll have noticed the lowest mortgage...

My Mortgage Renewal Strategy

Our mortgage comes up for renewal on September 1st. When we bought our home in 2011 I went with a five-year discounted variable rate mortgage at prime minus 0.80 percent. Such a steep discount wasn’t available when it was time to renew in 2016, so I chose a...

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