Hi all,

We were planning to purchase a 600k property in November and getting a 350k mortgage.

Our tenants in our flat in Europe have told us that they are moving out so we will likely have the property sold and cash in hand before closing in November.

Provided that the timing of it all isn't an issue, if we are risk averse meaning the investment of 350k would be in GICs, is there any good reason to not take that money and use it for the purchase of the condo and avoid the fees etc of setting up a mortgage?

We have liquidity through family loans in Europe that we can cash in with short term notice so that is not an issue.

Thanks a lot for your feedback, I haven't had the time to set down and weight taxation on interests vs the mortgage interest I can deduct on my taxes, but having a hard time imagining that it would be in my favor?