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Helping Canadians with Personal Finance Since 2006

Real Estate

Ending the Mortgage Paydown vs. Investing Debate

This post is from Mark Seed who runs My Own Advisor. A huge debt can kill your retirement plan.   This is not news.   While servicing debt, you can’t save very much money.   You can’t invest what you don’t save.  Taking on a mega-mortgage could be very stressful for young Canadians.  I should know.   We took…

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Closing Costs When Selling a Home

Buying a home today isn’t cheap. Soaring house prices coupled with tighter mortgage rules, has helped make housing a lot less affordable. If you’ve ever purchased a home before, you should be well aware of closing costs. But buyers aren’t the only ones stuck footing the bill. Sellers have their own closing costs to contend…

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How to Get a Mortgage If You’re Self-Employed

Financial reward, independence, and freedom are just a few of the benefits of being self-employed. Faced with a mediocre job market, more Canadians are looking to self-employment as a way to make ends meat – it’s estimated that as much as 16 per cent of Canada’s workforce is self-employed. Although self-employment has it perks, it…

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Why A Mortgage Vacation Might Be the Most Expensive Vacation You’ll Ever Take

Who doesn’t enjoy a nice, relaxing vacation? When you hear “mortgage vacation,” you probably imagine yourself lying on the beach, sipping on umbrella drinks. Although you have the vacation part right, you forgot the most important part – your mortgage. A mortgage vacation lets you skip paying your mortgage for a few months after you’ve…

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Top Renovations to Increase Rental Income

Renovations aren’t just about increasing the resale value of your home – with the right renovations you can bring in even more rental income on your rental property. If you’re currently between tenants, now could be the perfect time to undertake some key renovations that deliver the best ROI to boost your rent. You don’t…

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