Why Buying/Owning A Home Still Makes Financial Sense

Why Buying/Owning A Home Still Makes Financial Sense

Owning a home just makes sense for most Canadians. A place to live and possibly raise a family that builds equity over time is sound financial planning. As home values continue to increase and mortgage principal gets paid down, you will see your equity grow. That equity that has been built is an ideal resource to help create greater financial security. Using existing equity to renovate your home for example, is an excellent way to add value and in many cases, a better alternative than moving. According to the Canada Mortgage and Housing Corporation (CMHC), spending on renovations has exceeded spending on new construction since 2011 and the trend looks to be increasing.
There are many ways to access the equity in your home, sensibly. For example, a secured line of credit is a great product that has the most flexibility. You only pay interest on the amount you use when you use it. Refinancing your mortgage is another option that allows you to take advantage of low interest rates while accessing your equity.
I'm here to help people get their first home and get them on the path to building equity that will become the foundation of a long term financial plan. In addition, I can help look at the many available options that can release the equity that has been built over time for renovations, paying off higher interest debts or making other investments. So feel free to consult me anytime.
Download MOPOLO, my personal app so you have my information at hand and I'll keep you updated. It's available in the App Store.  


Tony Marchigiano,
Mortgage Consultant
Mortgage Alliance Meridian Pacific Mortgages


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  • Justin Sabbagh
  • Mike Wilcox

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.