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Originally Posted by Dominicwasalreadytaken
As far as I know, the interest you pay on any money you borrow to invest is tax deductible. Doesn't matter if it's for RRSPs or a second property or what.
So instead of waiting to horde enough money so that I can put a downpayment on a second house, I borrow the money and the interest on that money is tax-deductible. It's a great system. I guess the lousy thing is that as of right now I have 400K worth of debt. It's all making me money, but I suppose it's a little scary if you're averse to debt.
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Thats sort of the big thing; how much risk can you carry and how leveraged are you willing to be? If you're young, single, have a good job in a good market... risk is probably your friend. Everyone takes on varying degrees of it, some not nearly enough...