Why my home is not an investment

Buying a piece of property is one of largest expenses people face in their lives. Being a home-owner is still a dream for many. What puzzles me, however, is that many people see their house as being a “great investment”. I don’t agree with this statement. Let’s look at the numbers. Closing costs. When you …

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5 financial items to consider when home-buying

Summer is peak season for home-buying (and selling). Buying a property is the biggest financial decision one will ever make. Before embarking on this exciting but somewhat stressful adventure, here are 5 things to consider: Use both a mortgage broker and a realtor. Unless you are a realtor yourself or work for a bank, it …

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