For many Canadians, buying a home feels like the biggest financial commitment they will ever make.
But what if your home could also help pay for itself? That’s the basic idea behind house hacking: buying a property that you live in while generating rental income from part of the property. That income can help reduce your monthly housing costs, accelerate your equity growth, and potentially make it easier to take your next step into real estate investing. You don’t necessarily need to own multiple rental properties to start thinking like a real estate investor. In some cases, your first home can be the beginning of your investment strategy.
