New Is Mortgage Debt Now The Obsession For Many Canadians?

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Is Mortgage Debt Now The Obsession For Many Canadians?

Ira Smith Trustee & Receiver Inc.
167 Applewood Crescent #6, Concord, ON L4K 4K7
(647) 799-3312

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http://www.irasmithinc.com/blog/is-mortgage-debt/

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In this Brandon Blog, I offer some thoughts on why is mortgage debt rising, pushing total Canadian consumer debt above pre-pandemic levels, while credit card debts are falling during the COVID-19 pandemic.

https://www.irasmithinc.com/blog/is-mortgage-debt/

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https://www.irasmithinc.com/blog/is-mortgage-debt/

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VISIT THIS SITE:

https://www.irasmithinc.com/blog/is-mortgage-debt/

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If you have both a mortgage and an investment portfolio you might have wondered if it makes sense to use some of your investments to pay off your mortgage. This is a very common question and I think that the common answer to the question is flawed.

In today’s episode Matthew Pillmore discusses mortgage debt payoff tips from Kevin O’Leary (aka Mr. Wonderful from Shark Tank). What does this millionaire mentor have to say about single family home debt reduction and the role it plays in your well being money worries and steps to financial freedom and achieving your financial goals?

Consumer debt has risen to $2.08 Trillion led by the hot Canadian housing market. Toronto real estate and Vancouver real estate have led the way in increasing mortgage debt as real estate in the rest of Canada follows suit.

This video is all about how inflation affects a mortgage especially the interest rate and principal. Interestingly for borrowers (i.e. a person that took out a loan such as a mortgage) inflation can be a good thing.

If Debt is Bad Why Is A Mortgage Ok? Say goodbye to debt forever. Start Ramsey+ for free.

With governments running up enormous fiscal deficits resulting in soaring national debts while Central Banks eagerly providing the liquidity through their digital currency printing there has been much talk of the prospect of hyperinflation or at the very least double digit inflation.

Dave Ramsey Explains Why He Is Okay With Mortgage Debt Get a FREE customized plan for your money. It only takes 3 minutes!

Record low interest rates and cheap borrowing has some economists warning of a looming mortgage debt trap.

CLICK HERE:

https://www.irasmithinc.com/blog/is-mortgage-debt/

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Mortgage Debt Payoff Tips From Kevin O’Leary (aka Mr. Wonderful)
58,649 views•14 Apr 2019

VIP Financial Education
234K subscribers

https://youtu.be/gbUDuNXDw0c

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https://www.irasmithinc.com/blog/is-mortgage-debt/

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  1. Is Mortgage Debt Now The Obsession For Many Canadians?

    Ira Smith Trustee & Receiver Inc.

    167 Applewood Crescent #6, Concord, ON L4K 4K7

    (647) 799-3312

    VISIT THIS SITE:

    http://www.irasmithinc.com/blog/is-mortgage-debt/

    ————————————————————————-

    In this Brandon Blog, I offer some thoughts on why is mortgage debt rising, pushing total Canadian consumer debt above pre-pandemic levels, while credit card debts are falling during the COVID-19 pandemic.

    https://www.irasmithinc.com/blog/is-mortgage-debt/

    .

    #ismortgagedebt #averagemortgagedebtontario #averagemortgagedebtintoronto #whatismortgage #averagecanadianmortgagedebtbyage #debt #mortgagedebtcanada #bankruptcy #restructuring #mortgagecalculator

    CLICK ON THIS LINK:

    https://www.irasmithinc.com/blog/is-mortgage-debt/

    ——————————————————————————-