Ask MoneyTalk: When I have spare cash, is it better to invest or pay down my mortgage?
Many of us may have saved a bundle this year: What to do with really depends on the bigger picture.
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In cities like Toronto and Vancouver, many homes continue to sell over asking prices. Kim Parlee speaks with Nico Lacetera, a professor at the University of Toronto’s Behavioural Economics in Action at Rotman (BEAR) institute, about some ways home buyers may be able to increase their odds of winning a bidding war.
If you bought a home 20 years ago in Toronto or Vancouver, it has probably increased in value tremendously. And if you’re retiring, or retiring soon, you may be wondering about when to unlock that value. Kim Parlee speaks with Chris Gandhu, a High Net Worth Planner with TD Wealth, about when turning that value into cash can pose a problem, and offers some options to home owners for this dilemma.
Canadians who are working from home for the long haul may be thinking about trading their expensive houses in the city for more balanced lifestyles in the country. Kim Parlee speaks with Zeljka Walker, an Investment Advisor with TD Wealth, about the pros and cons of an urban exodus and what to consider before you sell.