Case #2: Buy Or Rent?

Let’s face it. In most areas of Canada, at least the ones with jobs, real estate has reached epic high proportions when it comes to cost of ownership. The costs are so high that many young professional and families have been completely priced out of the market. But does that mean it still makes sense…

How Are People Buying Million Dollar Homes?

Perhaps the question that everyone wants to know is how are Canadians affording homes that are so expensive when compared to the standard average salary in the city they live in? Regardless if the housing market is in decline like Calgary or Vancouver, or steaming hot like Toronto, Halifax and Montreal, house prices in Canada…

Case #1: Buy It Or Rent It?

Canadians love real estate. Let’s face it we’re all infatuated by it, but sometimes we have to question our desires to see if buying is actually better than renting at a financial level. I’m a true believer that you can’t put a price on emotions. That’s why if your heart and life goal is set…

Why Americans Should Always Buy A Home But Not Canadians

A recent article came my way that was titled “Self-made millionaire: Not buying a home is the single biggest millennial mistake“. This is supposed to make the Millennials rush out the door and buy a home. Make no mistake the author of the article makes very good points. If you’re renting you’re just throwing money…

What Is An Affordable House?

The million dollar question that every Millennial wants to know is “how much house can I afford?” That’s because despite the high prices in two of Canada’s major cities, the majority of Millennials still want to buy a home. With house prices rising much faster than income in their respective cities, just how much can…

How Buying A House Eats Your Cash Flow

In a recent article I wrote how buying a house could end up throwing away just as much money as renting. That’s because buying a house with a mortgage is exactly like renting, only rather than renting a place to live, you end up renting the money to buy the place. Quite interestingly, someone rebutted…