Thank you. As it is a CMHC mortgage. Does CMHC cover the shortfall of the mortgage by any way?

We left Canada last year, August-2008, and kept our principal residence for sale(it was never rented) . We got the offer last week which is less than our purchase price and less than mortgage (We have to pay back 20,000 to close the deal). We accepted it to get rid of the property ASAP. The...

I find some tax benefits by transferring my investment property spouse. Is it necessary to her to qualify for assuming the mortgage in Alberta. Can some one help me in getting the latest information on this? Thanks in advance

I could see a positive cash flow in Lloydminster as the rentals are more in that area. I know the Husky`s expansion (Upgrader) is not coming as they bought the old refinery in USA. But Lloydminster is close to Cold Lake area (Oil) which is expanding, and some people live in Lloydminster and work...