Direct Loan Canada Blog

What does it mean to be 'house poor' and how can you avoid it?

The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming ‘house poor’ — where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Source: ctv business
What does it mean to be ‘house poor’ and how can you avoid it?