As the news is coming out that Canada may be facing another housing bubble, let’s take time to reflect on ways to protect and increase our wealth.
First there is the house, which most Canadians have a large part of their financial wealth trapped. When housing prices drop, wealth drops accordingly. More Canadians are taking advatage of European Lending Structures to protect their wealth.
In my original Alternative Investing book for Canadians, Get Ready to take the Plunge – An Essential Guide to Financial Freedom in Canada, Leslie explained what a European Lending Structure is. You can pay off your home in half the time or less, make your home payments tax deductible and create a passive income with no extra cost to Canadians.