Angry Mortgage Canadian's Finances? | EP. 147
Nov 11, 2025
David Chilton, bestselling author of The Wealthy Barber and former Dragons' Den personality, dives into the complexities of Canadian personal finance. He discusses the impacts of ultra-low interest rates on real estate prices and emphasizes the importance of the purchase price over short-term mortgage rates. Chilton also explores the behavioral effects of easy credit, the challenges facing first-time move-up buyers, and how rising costs affect the housing market. Plus, he shares fresh saving strategies from his updated book.
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Prioritize Modern Savings Options
- Prioritize financial choices because new accounts (TFSAs, FHSAs) and ubiquitous credit force trade-offs.
- David Chilton rewrote The Wealthy Barber to help readers choose which accounts to fund first.
Owners Form A Political Headwind
- Homeownership politics create a large voting block resistant to price declines.
- That political reality complicates policy aimed at improving affordability.
Plan Realistically For Down Payments
- If you rely on parental help to buy, acknowledge affordability limits and plan alternatives.
- Don't assume unassisted homeownership remains viable in high-priced markets.
