You own the unit you live in, whether it’s a high-rise, low-rise, or townhouse, and share ownership rights for the common areas of the building with other owners in the development. This shared ownership includes spaces like hallways, gyms, and gardens, ensuring all residents contribute to the maintenance and enjoy the communal facilities.

*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 [...]

  • How To Get a Mortgage

    Getting a mortgage is a significant step toward homeownership. However, the process can seem complex and overwhelming. This guide will [...]

  • Discharging a Mortgage

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

  • What Are the Different Mortgage Types

    Different Mortgage Types in Canada: A Quick Guide When buying a home in Canada, understanding the various mortgage types available [...]