Ok, your buying your home, you have applied for a mortgage and you have been pre-approved!
In Canada, a mortgage contract contains all the conditions that you follow while you have your mortgage. You are bound to this contract for the TERM of your mortgage, which in Canada is typically five years.
Buying a home can be stressful, especially for those who are new to the process, but the positives of homebuying and having a mortgage are also clear.
Canadian home prices have lagged inflation over the past year according to a leading index.
There are signs that Canada’s housing market is about to get hotter.
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