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I'm happy to hear you're out of debt! To quote the bible, the borrower is slave to the lender. Nothing more frustrating than working your tail off just to pay interest. My only debt is the duplex, and I'm getting that paid off as fast as possible. I'm in the US, but I've heard plenty of stories about the high cost of housing in and around Toronto. Rather than waiting for the bubble to burst, since it may never burst, maybe you can consider moving to a new apartment first.
Also, why don't your parents evict those tenants? I can't figure out why they would tolerate freeloaders.
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