Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums
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Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums

If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017… Continue reading »

What Happens to Debt After Death?

What Happens to Debt After Death?

As the saying goes, the only sure things in life are death and taxes. And, unfortunately, the former won’t allow you to escape the latter. If you’re self-employed, for example, and die still owing outstanding installment payments, the Canada Revenue Agency will come to collect from your estate if your family doesn’t take care of it first. But what happens to your other debts, like your mortgage and credit cards, when you die? Here’s an overview. Continue reading »