• What to do about your mortgage when you get a divorce in Canada

    What to do about your mortgage when you get a divorce in Canada
    A divorce can leave you holding a mortgage that was approved on two incomes. Who stays in the home? Can they qualify on their own? What does it cost to change the loan? What are the mortgage-related rules in the context of divorce in Canada? Several questions need answering and shape what happens next.The answers often come down to details people only learn once a separation is underway, such as how the mortgage stress test applies when one name comes off the loan, or how the Home Buyers’