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How long do you have to build up credit for? Do you need to have maintained a certain amount of money in the bank for a certain period of time? Basically any info you can give me on getting a mortgage in Canada would be much appreciated; I might be relocating to Ottawa and could use all the help I can get!

 

I’m purchasing a new home, and I’m wondering if I have any options with going with a US bank for the loan/mortgage. I am a canadian citizen and the new home is in Canada.

 

We own a property in Florida that unfortunately does not make financial sense to try to keep. We will likely walk away from the house and default on the mortgage. What access will the mortgage company have to my assets here in Canada, and what are the possible repercussions? Thanks very much.

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