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
Generally, yes. CRA says all assignment sales of newly constructed or substantially renovated residential housing are taxable for GST/HST purposes when the agreement is entered into after May 6, 2022.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. The PDI documents missing, damaged or incomplete items before possession, but Tarion says the PDI form itself is not a warranty claim. Unresolved items may need to be submitted separately through the applicable warranty form.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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During interim occupancy, the buyer may live in the unit but does not yet own it because the condominium has not registered. The buyer pays the developer an occupancy fee rather than regular mortgage payments.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Tarion may compensate eligible buyers when the builder fails to give required delay notice or misses protected dates. The claim is not automatic, and Tarion says the form generally must be submitted within one year after possession or occupancy.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. Tarion deposit protection applies only in specified circumstances and up to applicable limits. It should never be described as unlimited insurance for every deposit, upgrade payment or contract dispute.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Yes. Tarion says new freehold purchasers must notify it within 45 days of signing beginning April 1, 2026. Tarion also says the reduced-coverage consequence for late registration is deferred during a transition until January 1, 2027.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Yes. Tarion reports that Ontario regulatory changes coming into force January 1, 2027 will support a 10-day cooling-off period and new information sheets for buyers of new freehold homes.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Potentially. Ontario condo law can provide an additional 10-day rescission period after a material change to the disclosure statement, but whether a change is legally “material” can require professional advice.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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The 10-calendar-day period generally begins only after the buyer has received the signed purchase agreement, disclosure statement and Ontario Condo Buyers’ Guide. Signing alone may not be the only date that matters.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Because mortgage brokers, administrators and lenders are reporting entities under Canada’s anti-money-laundering framework and must verify people and entities for specified mortgage records and transactions.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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