It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.
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It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.
Read more: https://tinyurl.com/23u9d783
If you’re part of a joint bank account or have co-signed a mortgage, you might be part of something called a “bare trust” agreement that many Canadians will have to file a tax return for in the coming weeks.
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Some mortgage rates are getting cheaper heading into the busy spring housing market, but experts say you’ll likely need to negotiate your way into the best rate possible.
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A single mother living in New Brunswick says property owners in the area have denied her rental applications because she has a child. Melanie Centis, who lives in Moncton, said she began searching for available apartments after deciding to sell her five-bedroom home once her three adult children moved out. She said she no longer needed the space and was ready for a change. “I just decided that selling would be an option for me now and that I’d love to rent.
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The possibility of allowing longer mortgage amortizations has come up repeatedly in Canada over the years, with regulators and lawmakers generally taking a conservative approach and pushing in the opposite direction. But with housing affordability at crisis levels, is it finally time for Canada to embrace mortgages of 30 years and beyond? The Financial Post’s Denise Paglinawan explores the issue.
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Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners, Royal Bank of Canada says in a new report.
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The Home Depot is opening a new distribution centre in the Greater Toronto Area that will help the company cater to its biggest customers.
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Got milk? Because central Alberta is about the get a facility that will accommodate up 300 million litres of it each year.
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest rate cuts are imminent.
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The number of Canadians worried about defaulting on a mortgage or major loan payment rose in February, according to a long-running survey that tracks people’s financial outlooks.
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