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.
The agreement, construction, ownership and application dates all matter. For a builder purchase, the agreement generally must be on or after March 20, 2025, and the rebate application usually has a two-year deadline.
The Home Buyers’ Plan currently permits an eligible person to withdraw up to $60,000 from their own RRSPs for a qualifying home. It is not free money: repayments normally run over 15 years, and…
Ontario’s first-time home buyer rebate is now available and can provide up to $80,000 of relief from the 8% provincial part of HST for an eligible first home. It follows the federal first-time-buyer rebate’s…
Applications are open. An eligible first-time buyer of a new or substantially renovated home can recover up to 100% of the federal GST or federal part of HST, to a maximum of $50,000, on…
A federal insured-refinancing framework may allow an eligible homeowner to finance construction of legal secondary suites, potentially up to 90% of the improved property value and up to a 30-year amortization.
Yes. Toronto’s 10% Municipal Non-Resident Speculation Tax can apply in addition to Toronto MLTT and Ontario’s 25% NRST when the purchaser and property fall within the respective rules.
It may. The federal insured-mortgage definition includes a relationship-breakdown pathway, but that does not automatically create eligibility under the FHSA, HBP, GST/HST rebate or Ontario land-transfer-tax refund.
Potentially yes. A buyer can meet the 30-year insured-mortgage eligibility through the newly built property test even when they are not a first-time buyer, subject to lender and insurer approval.
A qualifying insured straight switch at renewal may avoid another minimum-qualifying-rate test, but the receiving lender still reviews the mortgage and can decline it under its own policy.
No. The higher insured-price cap expands eligibility for purchases below the program limit, but the lender and insurer still assess the borrower and property, and a lower appraisal can increase the cash required.
The federal minimum on a $1.2 million purchase is $95,000: 5% of the first $500,000 plus 10% of the remaining $700,000, provided the mortgage and property qualify for insurance.
Yes, a qualifying first-time buyer can apply for a 30-year amortization on an insured mortgage. It can reduce the required payment, but it may increase total interest and it does not relax the lender’s…
The statutory minimum is generally 5% on the first $500,000 and 10% on the portion above $500,000 when the purchase price is below $1.5 million. At $1.5 million or more, the stated minimum is…
No. The OSFI loan-to-income measure is a lender-level portfolio limit on the share of new uninsured mortgages above 4.5 times income—not a universal borrower-level approval ceiling.
A qualifying-rate exemption may apply to a true uninsured straight switch at renewal, but it is not a promise that every lender must accept the mortgage without reviewing the file.
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.
Because mortgage brokers and lenders must take reasonable measures in prescribed circumstances to identify politically exposed persons, heads of international organizations and certain family members or close associates.
Mortgage-sector reporting entities have third-party determination duties for specified records and reports. They may need to understand whether the named client is acting for someone else or whether another person controls the transaction.
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.