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Understanding Canadian Status
Residency. Status: If you’ve ever sat down to talk mortgages and thought, “Why is my residency such a big deal? I live here, don’t I?”, you’re not alone. The thing is, in Canada, there’s more than one way to be considered a “resident” — and not all of them are created equal when it comes to getting a mortgage. Your ‘status’ is a very complicated thing.
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