Should I buy a home or invest the money?
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Our response:
Like all investments, investing in real estate can offer a range of benefits, but there is no guarantee that a real estate investment will earn you income or profit.
Real estate is one of many industries or asset class in which you can invest. The more you invest in real estate over other industries (such as financial services, energy, telecommunications, or health care) the more you become exposed to the risks and uncertainties of the real estate market.
Before investing, there are questions to ask that may help you clearly think through your investment decisions. Resources on GetSmarterAboutMoney.ca including, the real estate hub will help to build your knowledge in this and other areas. Speak with a registered financial representative for advice that fits with your financial situation and goals.