After 11 years of bringing you local reporting, the team behind the Vancouver Observer has moved on to Canada's National Observer. You can follow Vancouver culture reporting over there from now on. Thank you for all your support over the years!

Why Rick Mercer bought a $19,000 house

Photo courtesy of Wikimedia Commons.

He was 19, it cost $19,500 and Rick Mercer still remembers the day that he bought a row house because he couldn't afford to rent.

Or that's what Canada's funnyman, star of This Hour Has 22 Minutes and The Mercer Report, tells the Toronto Star.

Mercer was profiled in the paper's Saturday edition as part of its series on notable Canadians and their financial habits.

His Maritime upbringing hangs heavy over the comedian's outlook on money and what it can -- and can't -- buy. 

He says the house came about because he was a starving actor and couldn't afford an apartment, according to The Star. But with the help of a $4,000 downpayment -- money his parents had saved for his education -- he could buy the house, rent a couple of rooms to friends and family, and meet the $300 mortgage payments.

The lesson? "The down payment from my parents was a hand up that changed my life," Mercer told The Star.

You can find the full interview here.

More in Cash Flow

Google wallet

Google is getting further into your purse.

The Best Place on Earth? Not for many B.C. families

Stats show incomes are middle of the pack. But an awful lot of families are struggling, too.

BC's export surge slows

Commodity shipments still keep the gears turning.
Speak up about this article on Facebook or Twitter. Do this by liking Vancouver Observer on Facebook or following us @Vanobserver on Twitter. We'd love to hear from you.