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by infinite8s 1341 days ago
Another interesting aspect of Canadian mortgages (as opposed to US ones) is that you can't just walk away if the mortgage is underwater (which is what a pot of people in the US did after the GFC). The bank can come after you for the difference between house value and mortgage.
1 comments

That is only in states that legislate non recourse home mortgages.

https://www.loan.com/home-loans/how-non-recourse-loan-laws-v...