Ontario

Vendor Take-Back Mortgages Surge as Traditional Lending Tightens: What Ontario Sellers and Buyers Need to Know

Vendor Take-Back Mortgages Surge as Traditional Lending Tightens: What Ontario Sellers and Buyers Need to Know

Vendor take-back (VTB) mortgages are rapidly gaining popularity in Ontario as traditional lenders tighten mortgage approvals. This seller-financed option helps buyers bridge financing gaps while allowing sellers to earn steady income from their property equity. Learn how VTBs work, their benefits for both parties, and why Realtors should be aware of this growing trend in today’s real estate market.

It's Not Good To Have An Outdated Minute Book In Ontario.

In Ontario, a corporation is required by law to keep accurate and up-to-date corporate minute books. A corporate minute book is a record of important corporate documents, including the corporation's articles of incorporation, bylaws, shareholder and director resolutions, and other legal documents.