Canada & Ontario mortgage rule watch
See verified rules, programs and important dates without confusing a regulator’s role with an individual lender’s approval policy.
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Clear status labels prevent an announcement or proposal from being mistaken for a rule already in force.
Newest relevant date first
269 published items match this view. We prioritize the effective date, then the announcement or last-update date.
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.
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.
No. OSFI’s rental-mortgage clarification concerns how federally regulated institutions classify exposures for capital purposes. OSFI has said it does not change how rental income is used to qualify a borrower under Guideline B-20.
No. The corporation insures the common elements and the standard units as required, but the owner may still need coverage for contents, improvements, personal liability, living expenses, deductible assessments and gaps between the standard…
Often yes. A material change in use or risk can affect coverage, and changing owner-occupied space to rental or short-term accommodation can also conflict with mortgage occupancy terms. Insurer notice and lender consent are…
Yes. Insurance policies can impose conditions when a home is vacant or unoccupied, especially during heating season, and some losses may be restricted or excluded. There is no safe universal number of days to…
Usually not. Standard coverage and optional water endorsements vary, and overland flood and sewer backup are distinct risks. A policy may cover one, both, neither or impose different deductibles and limits based on the…
They measure different things. A lender appraisal estimates market value for mortgage-security purposes. An insurer’s replacement-cost estimate focuses on rebuilding the insured structure after a covered loss. Neither number is automatically the correct amount…
No. A sale does not automatically end a tenancy. Vacant possession depends on the agreement, the tenancy, a valid legal ground and completion of the required process.
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.
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.
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.
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.
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…
A federally regulated lender cannot make its optional mortgage life insurance a condition of mortgage approval. It must disclose the cost, obtain express consent and provide cancellation information.
A collateral charge may secure more than the mortgage. To remove or transfer it, other loans or credit lines covered by the charge may need to be repaid or moved, and legal work may…
Federally regulated lenders following the mortgage prepayment information code provide annual information about available privileges, maturity and how to estimate charges.
Federally regulated institutions must explain how the prepayment charge is calculated, including the process or formula and the information needed to estimate it.
How to read this centre
Sets laws, program requirements or prudential boundaries. FSRA regulates; it does not write every lender’s underwriting policy.
Applies only when the mortgage or client fits that insured product or program. It should not be generalized to every conventional deal.
Decides its own acceptable income, property, credit and exception policy inside the applicable rules.
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