
Ask the Expert: Steve Garganis – How Trump’s tariffs will affect your Canadian mortgage + MORE Feb 1st
How to improve your credit score with rent payments in Canada + MORE Feb 8th
Opinion: Mortgage loyalty isn’t given, it’s earned + MORE Feb 5th
Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt Jan 26th
Invest or pay off debt: A comprehensive guide for Canadians
– moneysense.ca

Should you accelerate your mortgage payments or invest?
Making the right choice boils down to prioritizing and projecting. But here’s the thing: mortgage debt repayment is investing. Your return comes from interest savings that accrue by paying down the principal portion of your debt.
Sometimes, Canadians choose to invest in other assets instead of paying down debt. If you think you can earn a higher rate of return on your investments than the interest rate you’re going to pay on your debt, in theory, you might be better off investing. In practice, though, it depends.
There are practical considerations to help determine which investments are better than paying down your mortgage faster…
Mortgage Digest: CREA updates 2025 forecast with higher sales and price growth
– canadianmortgagetrends.com
Experts agree: Mortgage rates in 2025 will be volatile and unpredictable
– canadianmortgagetrends.com
CMHC says total housing starts in 2024 up 2% from 2023
– canadianmortgagetrends.com
Should I cash my RRSP to pay off my mortgage?
– moneysense.ca
Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free?
–Mike
Pay off a mortgage or keep investing with RRSPs?
Paying off your mortgage with your registered retirement savings plan (RRSP) and then putting what your mortgage amounts would have been back into the RRSP may not be a good strategy for several reasons.
If you withdraw any money from your RRSP, it is taxed as income. There is withholding tax on the withdrawal initially, but the total tax depends on your other sources of income for the year when you file your tax return.
If you withdraw from an RRSP, you do not recapture that initial RRSP contribution room and you may not be able to re-contribute the same amount back to the RRSP unless you have sufficient current room. This means you will forgo years of compounded returns on the money you have withdrawn, and it can never be made up…