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 [...]

  • Home Buying Guide

    Buying a home in Canada can be both exciting and daunting. With a competitive market and unique regulations, it's essential [...]

  • 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 [...]

  • Variable or Fixed Mortgage Rates

    Fixed vs. Variable Mortgage Rates: Which is Right for You? Choosing between a fixed or variable mortgage rate is a [...]