Leasehold Mortgage
A type of Mortgage on a home where the building is on leased (rented) land. The lender typically takes a security interest in the lease. If you are considering a leasehold property, it’s important to know that most prime lenders in Canada do not provide mortgages on leasehold property.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
Related Posts
Here's What You Can Do
Updated Strategies for 2025
Growing Market Share in Canada
