While some mortgages are assumable, almost all lenders now require the person assuming to qualify the same as if they were applying for their own mortgage.. so something you might want to check into (if you haven't already).
Also is your mortgage CMHC insured?
I ask because when assuming mortgages the one risk I'm aware of (though it might have changed, but this is how it used to be I think) is that if your mortgage is CMHC insured you make an agreement to be responsible for the mortgage payments for the life of the mortgage, even if that mortgage is assumed.
So if you let someone assume the mortgage, and they go into default, you could still be named in a foreclosure action or whatever.
Now if the person that assumed the mortgage made 12 consecutive payments, you could then apply in writing to CMHC to be released of your obligation, and I think they usually do (or did anyway) that, but aren't under any obligation to do it.
There might be other risks from assuming as well if CMHC is involved, but I don't know of any off the top of my head.
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Uncertainty is an uncomfortable position.
But certainty is an absurd one.
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