Not exact matches
While there are valid arguments at this time as to whether one should rent or own their
primary residence given the absurd amount of debt most are
carrying on their principal
residence along with artificially cheap money and the boomer influx about to hit the real estate markets across Canada over the next few years it would seem you are okay in that area.
Most people
carry a standard policy for their
primary residence, especially if they still have a mortgage on it.
Though this request was subject to the approval of the court, it
carried substantial weight in the court's decision as to which parent would be named the conservator with the right to designate the child's
primary residence.
At the time of this writing, the guidelines allow for any qualified borrower to
carry up to 10 conventional mortgages at a time, including the mortgage on their
primary residence.
Self - employed Canadians are
carrying more personal debt, excluding mortgages on their
primary residence, than the average Canadian.
By way of example, a city or town would be able to prohibit homeowners from renting out their property for more than 14 days per year, or from renting out a second home on Cape Cod in order to off - set their mortgage and
carrying costs, simply because it is not their
primary residence.