Also called an Estoppel Certificate, it outlines a condominium corporation’s financial and legal state. This document provides essential information about the condo’s financial obligations, legal issues, and operational aspects. Fees for obtaining this certificate may vary and can be capped by law, although this does not apply in Quebec.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

  • Total Debt Service Ratio (TDS)

    The percentage of gross income allocated for payments of principal, interest, taxes, and heat (P.I.T.H.), along with other debt obligations, [...]

  • Title Insurance

    Title insurance protects property owners and lenders from financial loss due to defects in the title of real property. These [...]

  • Mortgage Payment Deferrals

    Understanding Mortgage Payment Deferrals in Canada In times of financial hardship, homeowners may find it challenging to keep up with [...]

  • Should You Co-Sign a Mortgage

    To Co-Sign or Not to Co-Sign: A Mortgage Dilemma Considering co-signing a mortgage with a friend or family member can [...]

  • Breaking Your Mortgage Contract in Canada

    Breaking a mortgage contract in Canada is a significant decision that can have various financial implications. Whether you're considering this [...]