To paraphrase our mighty leader, MMM, I have a "shitload" of money in my RRSP, and I'm trying to figure out how to get some of that $$ really working for me. I'd like to liquidate $200,000 from my RRSP as a downpayent on an investment property without being penalized. Any fellow Canadians applied for a "non-arm's length" mortgage before, and would you recommend going that route? I bought my $310,000 condo cash, then slapped a mortgage on it to purchase an 3 bdrm investment property at $350,000, now would like to slap a mortgage on that house, and add $200,000 from my RRSP to purchase a third property of about $450,000. Is a non-arm's length mortgage a good plan?
Thanks Gang!