Re: ~ Real Estate ~
what do you mean by deduction on depreciation?
In the USA (and maybe Canada has similar Tax Laws), you get a kick back from Uncle Sam in the amount of your Tax bracket on Morgage Interest paid. i.e if the interest paid in a year amounts to $20,000/-, and you are in the 35% Tax bracket, you will recieve $7000/- back from the IRS.
Depreciation is allowed on rental property as business expense over 15 to 27 years depending on type of property.
Borrowing Money keeps a whole lot of people employed........:)