Ontario Mortgage Decision Centre
Choose the concern closest to yours. The useful answer may depend on the documents, property, timing and lender policy—not simply whether one lender said yes or no.
Find the answer from your problem
Separate the real lender concern from assumptions.
Income · credit · debt ratios · property · down paymentShow me where to start →02Show how the business earns before choosing a lender route.
A lending · bank statements · financials · T1 approachShow me where to start →03Understand the bureau, timing and cause—not only the score.
Equifax · TransUnion · utilization · collections · recoveryShow me where to start →04Compare the complete decision before signing early.
Rate · payment · penalty · switching cost · flexibilityShow me where to start →05Match the purpose, cost and exit plan to the right structure.
Debt consolidation · renovations · investment · CRA debtShow me where to start →06Test the rental calculation and portfolio effect by lender route.
Subject rent · existing rentals · cash flow · reservesShow me where to start →07Work backward from the deadline and available equity.
Appraisal · funds to close · job change · urgent alternativesShow me where to start →How the answer is built
Buying, selling or investing?
Property type, legal use, insurance, appraisal, taxes, condo information and closing dates can change the mortgage answer. Connect both sides before the transaction becomes difficult to reverse.
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Tell Rajiv what you are trying to accomplish and what the lender has already said. He can help identify the questions and responsible options worth exploring next.
Published mortgage guidance
Use the guided situations above or search every published answer, concept and strategy.
Rule
Do not do it without independent legal advice. FCAC warns that foreclosure-rescue fraud can involve persuading a distressed homeowner to transfer title in exchange for a loan, after which the fraudster may resell or refinance the property.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Yes. CRA can register a lien or charge against property to secure an unpaid tax debt and may seize or force a sale. A registered claim must be addressed in the title, payout and lender-priority analysis.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
For most municipal land, a tax-arrears certificate may be registered when arrears remain on January 1 of the third year after the taxes became owing. If the cancellation price is not paid within one year after registration, the municipality may proceed to public sale.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
A properly preserved condominium lien has statutory priority over most registered and unregistered encumbrances, subject to the Act’s exceptions. That priority is why a mortgage lender may act quickly when notified of condo arrears.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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The condominium corporation has a statutory lien when an owner defaults on common expenses. The lien expires three months after the default unless the corporation registers a certificate of lien within that period.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Sale money is applied in the legal priority order: enforcement expenses, the selling mortgage debt and later entitled claims, with any residue going to the mortgagor. If proceeds are insufficient, the borrower may still face a deficiency claim under the mortgage covenant.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Sometimes arrears and enforceable costs can reinstate the mortgage, but not always. If the debt has matured, been accelerated or reached a later enforcement stage, the lender may require the full redemption amount. Obtain the demand in writing.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Ontario law requires notice to specified people with registered or protected interests, including the mortgagor and certain later interest holders. A second mortgage holder may respond to protect its security, so the borrower should expect every registered lender to become involved.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. Ontario’s Mortgages Act contains different routes. A contractual power of sale commonly uses the Part III notice framework, while the statutory power in Part II provides for 45 days’ notice. The mortgage, notice and dates must be reviewed—not guessed.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No, the home is not normally sold the day a payment is missed. But a missed payment can be a mortgage default, allowing the lender to start collection and eventually enforcement under the mortgage and Ontario law. Early action preserves more options.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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