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
190 published items match this view. We prioritize the effective date, then the announcement or last-update date.
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.
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…
Possibly, but moving corporate money into a personal home purchase can create tax, shareholder-loan, documentation and lender-source-of-funds issues. The withdrawal should be planned with an accountant before the offer becomes firm.
No. CMHC says income for a sole proprietorship or partnership may be grossed up by 15% or assessed through eligible add-backs. “May” is not an automatic increase, and it is not a rule for…
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.
For an eligible insured two-to-four-unit non-owner-occupied property, CMHC describes gross-rent and net-rental-income approaches. The result depends on the method, expenses and the complete application—not rent alone.
Potentially. Under CMHC’s insured-mortgage approach, up to 100% of gross rental income may be considered for an owner-occupied two-unit property, subject to the insurer’s and lender’s full requirements.
No. CMHC rental-income methods apply when CMHC mortgage-insurance requirements are relevant. They are not a universal formula that every conventional A lender, alternative/B lender, MIC or private lender must use.
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…
Yes. CRA permits an eligible buyer to make an FHSA qualifying withdrawal and an HBP withdrawal for the same qualifying home when all conditions for each program are met. The best mix depends on…
Not always. A switch at maturity may avoid an early-payment penalty, but appraisal, legal, registration, assignment, discharge and setup costs can remain. Some lenders cover selected costs, subject to conditions.
OSFI says federally regulated lenders are not expected to apply the minimum qualifying rate when an uninsured mortgage switches at renewal with no increase to the loan amount or amortization. The new lender still…
Yes. CRA can register a lien or charge against property to secure an unpaid tax debt and may seize or force a sale. A registered claim must be addressed in the title, payout and…
No, the home is not normally sold the day a payment is missed. But a missed payment can be a mortgage default, allowing the lender to start collection and eventually enforcement under the mortgage…
Parents may access a HELOC, refinance or second mortgage, but their payment, risk and retirement plan must be reviewed alongside the buyer’s mortgage.
A co-signer is not removed automatically; the remaining borrower must qualify and the lender and lawyer must approve the change.
A co-signed mortgage can affect the parent’s debt-service calculation, credit exposure and plans to renew, refinance or buy another property.
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.