I agree you need to have an emergency fund match 401k and put enough in roth ira to ensure you are investing 15-20% of income. After that though you should be paying down the house. I never said dont have a vacation here and there but yeah.

The question is not what will give you the best return.

You have a real reading comprehension problem

Respectfully disagree....you do have an anger problem it seems tho

https://financialpost.com/news/economy/bank-of-canada-financial-system-review-mortgage-payments?utm_medium=Social&utm_source=Facebook&fbclid=IwAR2ZDfNrgTHo4KSE3xB8p65tjzDLPNJ81YzrZ36Kavp4gL608myyq9WyOj8&fs=e&s=cl#Echobox=1654784692

Now this got me a tad nervous

not surprising.

I mean, isn't that just common sense that you're taking that risk. Canadians took mortgages at historically low rates, of course your mortgage servicing costs are going to double if rates go back to 4-4.5% which is still a low lending rate.

I'd like to think that people did their own stress test when buying homes at these low rates to see if they could still afford their mortgage at +3%. Unfortunately, the majority is financially illiterate but the sad thing is you don't even have to be financially literate because mortgage calculators exist and all you have to do is punch in what your next 5-year renewal rate is and do some best and worst case scenarios. It just comes down to if you're responsible or not.

"But this house has two different rooms we can sit in on our phones and ignore each other!"

This post was edited by SBD on Jun 10 2022 10:25am

Honestly Depends on your current rate + your goal. Normally, I'd say just invest that. But If you're planning to buy another home, rent the first one out and once that's paid off, use that money to pay off the second house and repeat... That compounding will definitely be better than investing. But if you're just going to pay off your home and that's it... Invest it. Especially right now lol. Especially if you're paying attention... A few of my stocks jumped 30% the past week alone (and called a bit since lol). Here's looking at you NILE & ABEO

Didn’t realize Canada rules. Honestly that’s a hard question with interest rate expirations