Edmonton RRSP Mortgages

What is an Edmonton RRSP Mortgage? This is when you buy a property of some sort and have an RRSP carry the mortgage. Most often you will find that an RRSP mortgage is used for a second mortgage on a property. And that property is normally an investment property.

First of all you need to know someone in Edmonton that knows how to buy and sell real estate. And that person needs to have some knowledge behind what they do. Then they help you set up an account that will allow a self directed rrsp inside of a mortgage.

Well, like anything in life you have ups and downs. Can you lose money in an Edmonton RRSP Mortgage? I can not say yes or no, I do not have the crystal ball that will tell me this, but I do know that all investments have a risk. Whether that investment is in money, or time it has a risk. The difference between this investment and another that you may have your RRSP in at the moment is your investment is tied to a piece of property. This seems to be better then the stock market. And if the real estate market crashes people will still need a place to live. So the rent still gets paid and the mortgages still get paid. Myself as an investor may not get paid anymore, but that is my risk.