Every province and the Yukon Territory have programs guaranteeing that any defects in a new home will be repaired if the builder fails to do so. These programs ensure that homeowners are protected against construction defects. However, there are currently no such programs in Nunavut or the Northwest Territories. This warranty provides peace of mind for new homeowners, ensuring their investment is safeguarded.

*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 [...]

  • 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 [...]

  • Understanding Mortgage Interest in Canada

    Navigating the world of mortgages can be complex, especially when it comes to understanding how interest rates impact your home [...]

  • 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 [...]