Episode 339: Invest or Pay Off Your Mortgage - What’s Smarter?

In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of CI Assante Wealth Management, are back to discuss one of the most common questions Canadians face during mortgage renewals or after receiving a lump sum: should you invest the money or use it to pay down your mortgage?

They explain why there is no one-size-fits-all answer and why interest rates, personal cash flow, tax considerations, and retirement timing all play crucial roles in the decision. They will also walk you through the key advantages and trade-offs of each option, including the guaranteed return that comes from paying down mortgage debt, the emotional and financial relief of being debt-free, and the risks associated with reduced liquidity.

Finally, they highlight why many households benefit from a hybrid approach, combining extra mortgage payments with disciplined investing to maintain flexibility while reducing long-term risk. With Canadian household debt at historically high levels, they emphasize the importance of aligning mortgage and investment decisions with long-term retirement goals.

👉 For a deeper dive into this topic, read the related article by TMFG advisor Gabriel Zitoli: https://tinylink.net/j0Mz4

If you would like guidance on whether to invest, pay down debt, or take a balanced approach, please schedule a meeting here: https://tmfg.ca/schedule/

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The McClelland Financial Group of CI Assante Wealth Management Ltd.
Office Address: 675 Cochrane Drive, East Tower, Suite 701,
Markham, ON L3R 0B8
Office Phone: 905-771-5200
Website: https://tmfg.ca/schedule/

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