A booming market can present some interesting investing opportunities.  If you are fortunate to have bought your home before the boom began, it has increased in value.  This increase in value could allow you to purchase some investment property. Consider the following example:

Rob and Barb bought their house just a year ago, in Saskatoon.  He put $10,000 down on a $70,000 home.  After the first year, their remaining mortgage is $55,000.  During the past year, they did some repairs to their home.  Recently, their home was appraised at $90,000.  If they sell their home, they would end up with $35,000 (not including fees and taxes due to the sale of their home).  Looking in the real estate listings at mls.ca, they find a …

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