Under section 17 of the Mortgages Act, and pursuant to relevant case law the answer is “Yes” the lender can. Subject to the wording in the original mortgage commitment/agreement, you …
For purposes below referring to a “house” includes a condo as well. Did you know that CRA will consider you a “Builder” if: 1) You are an individual or corporation; …
In the residential market, construction financing is available for customers who are planning to build a new home or who want to reconstruct an existing property to become like a …