Transfer vs Assignment of Mortgage in Alberta – What’s the Difference?

Transfer of mortgage” and “assignment of mortgage” — aren’t they the same thing?

Not in Alberta! And knowing the difference could save you (or your clients) from making the wrong assumptions.

🏦 In this quick explainer, we cover: The definition of both transfer and assignment How assignment of mortgage is typically used in Alberta Who typically initiates each, and what each one allows

💡 Perfect for RECA students and real-world agents who want clarity on mortgage terms and legal processes in Alberta.

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