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Yes Kristine, Canadian tax laws. The 2 properties we are purchasing on VT is very beneficial to us.We are paying a bit more in interest, but we can pay it off at any time without penalty. We never have to worry about the interest rate going up, as it is set for the term of the mortgage.

Certainly you can PM me, or AlmostBob

In Canada we call it the snowball effect. As others have said, obtaining your first property is usually the hardest. After that, if they are positively geared, you wait and then take equirty for the next. We never save for any deposit. Country towns are great. They are affordable and people...