Real Estate Glossary
Mortgage loan insurance
Generally issued by CMHC, it is mandatory when the downpayment is less than 20% of the purchase price. It protects the financial institution in the event of default on your part.
Preferred expert
Generally issued by CMHC, it is mandatory when the downpayment is less than 20% of the purchase price. It protects the financial institution in the event of default on your part.
Preferred expert