ON Canada, yes they. The mortgage document you have (if you have it) would normally stipiulate "marketable properties in the GTA". If you are getting a fixer upper, they may back out of it as they may want to deal with this kind of property. Banks want properties that can be disposed as soon as possible when default happens. Email me at victor_catalan@centum.ca and let me know what property you are looking at and see if we can get a mortgage for you.