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Buying a Home and Paying Down Your Mortgage

There’s an important common sense article in the Toronto Globe and Mail , that all home owners with a mortgage should read. John Heinzl writes that owning a home with a mortgage and paying off that mortgage is the single most beneficial investment one could make. Even though interest rates are at historical lows, the benefit of paying off a mortgage far outweighs the advantage of investing in stocks, bonds or GIC’s.

In the long term, owning a home and investing in it by paying down your mortgage makes sense. Although mortgage interest in our personal homes is not tax deductible as in the states, our homes can still be used for as collateral for investment opportunities, and the interest written off.

Everyone should do themselves a favour. Buy a home, pay down the mortgage quickly and aggressively and then borrow on the home asset to invest.


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Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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