The IBC says that, while most coverage allows for friends and family to use your home from time to time, renting it out is often excluded.
With matches taking place in Vancouver, Edmonton, Winnipeg, Ottawa, Montreal and Moncton, many householders may be tempted to make a few extra dollars by renting to fans, but it may also be prohibited in mortgage terms and conditions.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Dudswell, Point of Bay, Lower Ohio, Bracebridge, Corner Brook
As the FIFA Women’s World Cup gets underway later this week the Insurance Bureau of Canada is warning homeowners that are renting out their properties to fans to check their insurance policies.