Source Feed: The Globe and Mail
Author: Craig Wong
Publication Date: August 7, 2025 - 17:49
Once your mortgage has been paid off, what’s the best use of the freed up cash
August 7, 2025
Buying a house is the largest purchase most Canadians will ever make and finally paying off the mortgage is likely to be a game changer.
But before the temptation to splurge on a pricey new car or a luxury vacation takes hold, experts say it’s important to review your financial plan for this next chapter to ensure you’re on track for wherever you want to go.
Unpublished Newswire
OTTAWA — Canada’s housing crisis may get worse before it starts to show much relief, as new projections say that the number of housing starts will actually decrease this year and next.
These new estimates, from both public and private sector housing forecasts, contradict political promises from all levels of government to boost supply of homes across the country.
The Canada Mortgage and Housing Corporation (CMHC) forecasts that the total number of housing starts in Canada this year will be about 237,800, down from 245,367 in 2024. CMHC, a Crown corporation that acts as Canada’s...
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