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.
Find the answer from your problem
Choose one clear starting point. Narrow the results by status, topic or client type afterward.
Start here
Clear status labels prevent an announcement or proposal from being mistaken for a rule already in force.
Newest relevant date first
200 published items match this view. We prioritize the effective date, then the announcement or last-update date.
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.
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…
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.
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.
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.
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.
A federally regulated financial institution must provide its mortgage renewal statement at least 21 days before the end of the existing term—but waiting for that letter can leave too little time to compare properly.
No. OSFI does not impose one universal borrower-qualification formula requiring every lender to use exactly 50% of rent. Federally regulated lenders must underwrite rental income prudently, but their policies and calculations can differ.
Yes. The co-signed mortgage can appear as your debt and may be included when another lender measures your obligations. Some lenders may consider documented offsets, but no universal rule makes the debt disappear from…
Yes. If acceptable insurance is a lender funding condition, the mortgage may not advance until the lawyer can confirm coverage. The issue is often the property—not the borrower’s income or credit—and it can surface…
No. Home insurance covers specified damage or loss involving the property and belongings. Mortgage default insurance protects the mortgage lender if the borrower defaults and the sale proceeds do not fully repay the insured…
Ontario law does not generally force every homeowner to buy home insurance, but a mortgage lender will normally require acceptable property insurance as a condition of funding. The distinction matters: this is usually a…
It depends on who owns and sells it. CRA says a sale by the estate after death is generally reported on the estate’s T3 return; a later sale by a beneficiary is reported on…
No. Mortgage balance does not determine income tax. CRA generally treats capital property as disposed of at fair market value immediately before death, although a principal-residence exemption or qualifying spouse rollover may reduce or…
The tax is based on the value of the estate for which an estate certificate is requested. Ontario allows an encumbrance such as a mortgage or lien to be deducted from Ontario real-property value,…
Not automatically. Moving out does not by itself change registered title, release a borrower from the mortgage or settle the married spouses’ matrimonial-home rights. Written agreements, lender approval and registered documents may all be…
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.
Mortgage rule second opinion
Share the change you are concerned about, your timing and the client problem. Rajiv can help separate the confirmed rule from assumptions and identify questions worth exploring across A, alternative/B, MIC or private lending where appropriate.