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Home Equity Assistance Program Changes
June 13, 2018
Team Weir is happy to see DND moving in the right direction when compensating military members who lose money when relocating.
"The Department of National Defence has doubled the amount of compensation members can receive when they have to relocate, but admits it still has no way to help those who suffer "catastrophic" financial losses.
About 12,000 members of the Canadian Armed Forces are ordered to move each year. The federal Home Equity Assistance program now offers people up to $30,000 to cover losses when their house fetches less than they've put into it. Previously, the Treasury Board capped it at $15,000." - Jon Tattrie, CBC News
To read this article in its entirety please visit DND doubles financial compensation for military who lose money on moving.
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