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Why adding your kids to the house title will cost you Sep 28th
Q: My parents have both of their names on their house as joint tenants. My mother has been diagnosed with dementia and is now in long term care. My dad has trusteeship and guardianship for her. He wants to put his four daughters on the title of the house. How is this done and what is the procedure.... More »
We don’t charge you mortgage insurance: CMHC May 27th
CMHC and Genworth don’t charge mortgage insurance fees. Your bank does. (Getty Images / Oxford)
We recently got an email from a reader who was quite perturbed. He had saved his money was diligent about his budgeting, and was set to purchase a modestly priced home near Ottawa. But when he went .... More »
How to stake Cardano (ADA) in Canada + MORE Jun 12th
Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract f.... More »
How to stake Cardano (ADA) in Canada + MORE Nov 12th
Like other cryptocurrencies, ADA, the native coin of the Cardano blockchain, has been in a bear market since October 2021—meaning a recent pattern of price declines. Despite this downturn in crypto prices, Cardano seems to be a strong player among the public blockchains that offer smart contract f.... More »
Your ID was stolen, here’s what to expect + MORE Jan 7th
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on t.... More »
How You Can Lose Your Home To Title Fraud
– ratesupermarket.ca
A few years ago, title fraud – previously unheard of – suddenly became a homeowner’s worst nightmare, as people discovered that their homes had been stolen from out beneath them. Fraudsters would steal a person’s identity, take out a new mortgage on a property, and then flee with the money. The homeowner would only find out something was wrong when collection agencies started calling about overdue payments on a mortgage they’d never asked for.
While statistically rare, mortgage fraud still happens. Here’s how to avoid it.
Prevent ID Theft
Title fraud begins with identity theft, so you should do everything you can to prevent it. The main thing to do is keep your private information private. Your employer is the only person you should trust with your social insurance number (SIN). Don’t use easy to decipher digits – such as your birth month and year or home address – as your PIN code for your bank and credit cards. Shred any financial records or documents before disposing of them…
The Insurance Bureau of Canada says the June flood in southern Alberta is the costliest natural disaster in Canadian history.
