Topic: Real Estate

Change in Mortgage Insurance Rules

After changing the minimum down payment requirement for homes above $500,000 in 2015, the Government of Canada announced a change in mortgage insurance rules on October 3, 2016 (with revision on October 14, 2016). As background information, federal laws require federally regulated lenders to obtain mortgage default insurance (“mortgage insurance”) for homebuyers who make a

Estate Law – Joint Tenancy and Resulting Trusts

By Jack Buchan, Partner It is usual for spouses to hold the matrimonial home and some of their bank accounts in joint tenancy. When spouses hold accounts or property in joint tenancy, there is a presumption at law that they intend the survivor to have title to the property. The presumption is called a presumption