Mu mother signed a 5 year fixed rate last year with CIBC. she had no intentions of moving at that time but my mother did make them aware that moving is within a few year time period.
Fast forward to now... I'm heavily considering building an infill with a builder and taking 1 half of it. What I'd want to do is once I secure a lot I'd like to put up my house for sale and then rent. I predict the process will take at least 1 year to complete.
What are the usually fees when breaking a mortgage from selling? I called CIBC and they didn't know and said they would get back to me but their service is worst I've seen. It's taken over a month and a half to even get me access to my HELOC.