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.
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84 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.
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…
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…
No. Title insurance addresses specified title-related risks; home insurance addresses specified property losses. Ontario does not require title insurance, and it does not replace an Ontario real-estate lawyer’s advice, title review or closing work.
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…
The lender is usually named as loss payee because the property secures its mortgage. After a significant covered loss, the insurer may pay you, the lender, or both. The lender may release repair money…
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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