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
Possibly, but the landlord must apply to the Landlord and Tenant Board and establish an eligible basis. Spending money on renovations does not automatically permit a larger rent increase.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Generally, at least 12 months must pass after the tenancy begins or the last lawful increase, and the landlord must give at least 90 days’ written notice using the proper form.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. Some units first occupied for residential purposes after November 15, 2018 are exempt from the annual rent-increase guideline, but other Residential Tenancies Act rules can still apply.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Ontario’s 2027 rent-increase guideline is 1.9% for most rent-controlled units. A landlord cannot automatically apply it whenever desired; timing, notice and exemptions still matter.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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A rent deposit is generally limited to the lesser of one month’s rent and one rental period. It must be used for the last rental period, and the landlord generally owes annual interest at the applicable guideline rate.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Ontario’s standard lease is required for most residential tenancies signed on or after April 30, 2018, and the landlord must give the tenant a copy within 21 days after signing.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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A former tenant can bring a T5 application alleging bad-faith termination. The LTB may order financial remedies and can find the landlord, purchaser or both responsible depending on the facts.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Purchaser-use termination generally requires at least 60 days’ notice ending on the proper rental-period or lease-term date, plus compensation equal to one month’s rent or an acceptable replacement unit by the required deadline.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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For an eligible sale, the purchaser, purchaser’s spouse, specified parents or children, or a qualifying caregiver may support purchaser-use termination. The property and good-faith occupation requirements must also fit.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Search the HCRA Ontario Builder Directory before signing. It can show licensing status, experience, homes built and regulatory history, including project information and certain cancellations.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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