Mortgages are good for a reason. When you invest in a property, you can make good money if the value goes up.
Canadian mortgage rates have been in everyone’s favour these days.
It all depends on your financial strength to hold a property. In most cases, this is what happens:
Over time, the value of the property goes up
Over time, the balance (debt you owe) on the property goes down
With this happening, your equity (your portion of home ownership) increases
End Result, you win!
If you deal with a private mortgage Winnipeg, you can even get a better deal and may end up getting two properties than one.