Residential Rentals Putting a Strain on Personal Finances
Increasing residential rental rates are getting too expensive for many Canadians, writes Peter Watson. The increasingly tight residential rental market could put a strain on individuals’ personal finance. When we think of real estate our focus tends to be on homeownership and escalating prices due to supply and demand realities. More people want to buy […]
Is it time to pay off your mortgage?
The largest single asset owned by most Canadians is their house. Many homeowners have debt against their house in the form of a mortgage. Initially, a home buyer combines a down payment and mortgage to purchase their house. Home equity builds as the mortgage is paid off and the market value appreciates. For many, low […]