Inheriting a house from a parent passing away in Ontario

Housing

So sadly, a single parent of mine passed away recently. they left me all their accounts , property and vehicle in a will. They had a hoop and potentially life insurance through SunLife. worked a unionized hospital job. Their mortgage was down to around the last 100k or so with a additional 22k of debt thru a bank.

My question is, how likely would it be that I'm able to retain the property ? I have bad credit and have been on OW for the past year so qualifying for a mortgage would be very difficult. my best hope would be if the bank allows me to just continue making the payments (around 800 not including utilities and taxes) until it's settled via the hoop or CCP or whatever employer benefits I'm given.

Posted Aug 14, 2025, 12:35 AM UTC

2012
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