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…

How To Save Like A Homeowner While Renting

There’s a very well known saying that goes around a lot “Why pay someone else’s mortgage? Renting is throwing money away.” Wait a second there. It’s completely true that renting is just throwing your money out the window, but in expensive cities like Vancouver, Toronto, New York and San Francisco, renting might be the only…

Are Houses Getting Too Expensive?

Recently there have been many press releases coming from big name CEOs at the Canadian banks and the Bank of Canada stating that housing prices in the two hottest cities, Vancouver and Toronto, have become unsustainable. But are their words actually true? If they were too expensive then why are people still able to buy…

How Renting Can Be Cheaper Than Owning

There is a notion made by many that buying a house is always better than renting.  “Why pay someone else’s mortgage?”  is the question that comes to mind whenever someone makes an argument about buying versus owning.  Those in America who have suffered through the housing crash would probably disagree with the above statement that owning…