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
134 published items match this view. We prioritize the effective date, then the announcement or last-update date.
A rent deposit is generally limited to the lesser of one month’s rent and one rental period. It must be used for the last rental period, and the landlord generally owes annual interest at…
Search the HCRA Ontario Builder Directory before signing. It can show licensing status, experience, homes built and regulatory history, including project information and certain cancellations.
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…
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…
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.
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.
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.
No. FINTRAC’s 24-hour rule can aggregate multiple cash transactions that total $10,000 or more, and suspicious-transaction obligations are not limited to a $10,000 threshold. Deliberately splitting transactions can itself create concern.
Because the lender and mortgage professionals must understand whether the money is genuine business revenue, borrowed money, a transfer between owned accounts or funds from another person. A clean paper trail protects both the…
Some alternative/B lenders review roughly six to twelve months of business bank statements, identify recurring gross business deposits and subtract reasonable operating expenses to estimate supportable income. This is a lender method—not an OSFI…
Potentially. CMHC has a self-employed mortgage-insurance program with several documentation options, but the insurer and lender must still be satisfied that the income, business and overall application are credible.
Changing all or part of a home from personal use to income-producing use can create a deemed disposition at fair market value. Elections may be available in some cases, but they have conditions and…
Do not do it without independent legal advice. FCAC warns that foreclosure-rescue fraud can involve persuading a distressed homeowner to transfer title in exchange for a loan, after which the fraudster may resell or…
Overseas family funds may be acceptable, but identity, relationship, transfer history, currency and timing require a clean paper trail.
Calling a repayable family advance a gift can create underwriting, legal and relationship problems later.
Borrowed funds may be possible under selected programs, but the new payment affects qualification and must be fully disclosed.
A gift letter is only one part of the review; the lender may also require account history, transfer evidence and confirmation that repayment is not expected.
Verify the Ontario licence, brokerage and contact information independently. Read documents before signing, confirm fees and lender identity, keep copies, and refuse requests to lie, alter records, route money through strangers or sign blan
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.