A house is a wealth trap for those looking to retire

Renting is throwing money away. Buy as much house as you can afford. Mortgage debt is good debt.
These are phrases Canadians have heard over and over. But just because we grew up hearing them doesn’t make them true.
And while owning a house might boost your net worth, it doesn’t help you retire. Here’s why.
Categories
Recent Posts

Build Canada Homes aims to build 4,000 housing units on federal land: Carney

Carney allots $13-billion to build affordable housing under Build Canada Homes

An interior designer works closely with an architect to create his ideal Ravine Residence

Nearly 80% of economists predict BoC rate cut next week
Calgary loft owner, forced to sell condo because of job transfer, takes $4,900 loss
The search for the next generation of stewards of this Vancouver heritage jewel

Internal government documents reveal grim housing climate in Canada
First-time buyers expected to drive up Vancouver market, the Home of the Week and more top real estate stories
Mom and Dad zero in on condo buy for daughter near Kelowna university campus

Ontario real estate watchdog asks court to freeze assets of iPro Realty and its founders

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "