I have the oppurtunity to capatilize on the current calgary market, but have a few questions. If I were to sell my house right now current market value would be more than double (almost triple) what I owe on it. What kind of penalty would you pay if you did not take another mortgage? I already own 5 acres with a mobile home in BC( I owe nothing on this property), and would likely cash out, move there and pile the excess into RRSP's. What is the best approach, I figure I should come out 100- 150K on top, I would likely put 25-50K into the other property and invest the remainder.