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It may. The federal insured-mortgage definition includes a relationship-breakdown pathway, but that does not automatically create eligibility under the FHSA, HBP, GST/HST rebate or Ontario land-transfer-tax refund.
Potentially yes. A buyer can meet the 30-year insured-mortgage eligibility through the newly built property test even when they are not a first-time buyer, subject to lender and insurer approval.
An Ontario first-time-buyer refund application generally must be received within 18 months of the conveyance or disposition. The maximum provincial refund is $4,000 for qualifying transactions.
The agreement, construction, ownership and application dates all matter. For a builder purchase, the agreement generally must be on or after March 20, 2025, and the rebate application usually has a two-year deadline.
Be careful. RRSP contributions made in the 89-day period before an HBP withdrawal may not be deductible when the post-withdrawal RRSP value is insufficient to support the contribution.
For a first HBP withdrawal made from 2022 through 2025, temporary relief generally delays the start of the 15-year repayment period until the fifth year after the withdrawal year.
A qualifying insured straight switch at renewal may avoid another minimum-qualifying-rate test, but the receiving lender still reviews the mortgage and can decline it under its own policy.
No. The higher insured-price cap expands eligibility for purchases below the program limit, but the lender and insurer still assess the borrower and property, and a lower appraisal can increase the cash required.
The federal minimum on a $1.2 million purchase is $95,000: 5% of the first $500,000 plus 10% of the remaining $700,000, provided the mortgage and property qualify for insurance.
Ontario’s temporary enhanced new-housing relief can materially reduce HST for eligible agreements signed from April 1, 2026 through March 31, 2027, but the buyer, property, price, occupancy or rental use and agreement date must all fit.