What If a Pre-Construction Condo Is Cancelled in Ontario?
If a pre-construction condo project is cancelled in Ontario, you are entitled to a full ...
Open vs Closed Mortgage in Canada: The Difference
An open mortgage can be repaid in part or in full at any time without triggering a ...
What Is a Material Fact in Ontario Real Estate?
A material fact in Ontario real estate is any fact that would affect a reasonable ...
How Mortgage Prepayment Penalties Work in Canada
A mortgage prepayment penalty is a fee your lender charges when you pay off your ...
What Is a Mortgage Commitment Letter in Ontario?
A mortgage commitment letter is a formal document from your lender confirming that your ...
What Is a Mutual Release in Ontario Real Estate?
A mutual release is a formal agreement signed by both the buyer and the seller to ...
What Is Mortgage Portability in Ontario?
Mortgage portability is a feature that allows you to transfer your existing mortgage, ...
What Is Mortgage Default Insurance in Ontario?
Mortgage default insurance is a mandatory one-time premium that protects your lender if ...
How Do Competing Offers Work in Ontario Real Estate?
Competing offers occur when two or more buyers submit written offers on the same property ...
Condo By-Laws vs Condo Rules in Ontario
In Ontario, condo by-laws and condo rules serve different purposes and are created ...