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Ontario Communities Get $65 Million Boost for Affordable Housing

Ontario Communities Get $65 Million Boost for Affordable Housing

This is a discussion on Ontario Communities Get $65 Million Boost for Affordable Housing within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; AJAX, Ontario, January 17, 2008 ? The Government of Canada and the Government of Ontario today announced more than $65 ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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01-18-2008, 04:24 PM

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Ontario Communities Get $65 Million Boost for Affordable Housing

AJAX, Ontario, January 17, 2008 ? The Government of Canada and the Government of Ontario today announced more than $65 million in funding for affordable housing across Ontario. The funding will help create 946 new affordable rental units and provide down payment assistance to 129 households. In addition, 113 houses in Northern Ontario will undergo repairs and renovations with funding from ?

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(Source: CanEquity.com)

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$65, affordable, boost, communities, housing, million, ontario

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