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Posts Tagged ‘house’

In a press release dated February 16, 2010, the government of Canada announced new rules for mortgage funding: The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada’s housing market and continue to encourage home ownership for Canadians. “Canada’s housing market is healthy, stable […]

Too Good To Be True

November 16th, 2009 by A Licensed Insolvency Trustee

There’s a very old saying that if something sounds too good to be true, then it probably is. Recently I’ve met with quite a few people that have managed to get themselves into far more debt than their income and assets (things that they own) justify.  Here’s a recent example: I got behind on my […]

Why a House is NOT an investment

July 13th, 2009 by A Licensed Insolvency Trustee

Is owning a home in Canada a good investment? Conventional wisdom in Canada is that yes, owning your home is the best investment you can make.  Instead of paying rent to a landlord and having nothing to show for it, you may make mortgage payments, and over time you build up your equity. Here’s something […]

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