Why 99% of People Should Buy A House

When I started learning about personal finance and started to share my knowledge on this blog, I thought it was a good idea to teach people how to save and invest. But boy was I wrong. What I realized after learning about saving and investing is that the save and invest model only worked for…

Your $800K House Costs More Than You Think

Five years ago Canadians, particularly those in Toronto and Vancouver, went on a buying spree for homes. Interest rates were dirt cheap at 2% and homes could be bought with a 5% down payment and 25 year amortization. Heck, if your household income was around $80K to $90K, you’d qualify for buying a house. Fast…

Why I Should Buy: Debunked

Just recently I received an article to read written in the Globe and Mail about why I should buy a house rather than rent. Of course I knew this was a ruse because I’ve written many times how, in cities like Toronto or Vancouver, renting is much more affordable and financially responsible than buying. If…

Is Not Buying A House Seen As Pessimistic?

When I talk to most people, they all wonder what’s wrong with me. “What aren’t you buying a house?” “Why are you paying someone else’s mortgage?” Those are all common questions that I have to answer all the time. It’s bad enough that I’m not following what the majority of Canadians are doing, since over…