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
219 published items match this view. We prioritize the effective date, then the announcement or last-update date.
Sometimes arrears and enforceable costs can reinstate the mortgage, but not always. If the debt has matured, been accelerated or reached a later enforcement stage, the lender may require the full redemption amount. Obtain…
No. Ontario’s Mortgages Act contains different routes. A contractual power of sale commonly uses the Part III notice framework, while the statutory power in Part II provides for 45 days’ notice. The mortgage, notice…
Parents may access a HELOC, refinance or second mortgage, but their payment, risk and retirement plan must be reviewed alongside the buyer’s mortgage.
Overseas family funds may be acceptable, but identity, relationship, transfer history, currency and timing require a clean paper trail.
Eligible buyers may combine several down-payment sources, but each source has its own conditions, timing and paper trail.
A below-market family sale may create usable equity, but appraisal, lender, insurer, tax and legal treatment must align.
Calling a repayable family advance a gift can create underwriting, legal and relationship problems later.
A co-signer is not removed automatically; the remaining borrower must qualify and the lender and lawyer must approve the change.
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.
A co-signed mortgage can affect the parent’s debt-service calculation, credit exposure and plans to renew, refinance or buy another property.
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
The label matters less than the signed mortgage documents, responsibility for the full debt and the lender’s ownership requirements.
Yes. False comparables, undisclosed incentives, staged transactions or pressure to support a predetermined value can mislead the lender. Provide accurate property information and use the lender’s approved appraisal process.
The lender must know the true purchase price, incentives, credits and obligations. Undisclosed cashback, renovation credits, deposit returns or separate agreements can distort the property value and down payment.
A straw buyer lends their name, credit or identity to a purchase or mortgage for someone whose true involvement is hidden. The person signing can become responsible for the debt, taxes and legal consequences.…
Owner-occupied, second-home and rental mortgages carry different underwriting, insurance and pricing assumptions. State the genuine intended use. If plans change before closing, tell the broker and insurer so the file can be reassessed.
The lender, broker and lawyer need to understand the source of funds, confirm the real borrower and identify unusual transactions. Keep a clear trail for deposits, gifts, investment sales, property proceeds and overseas transfers.
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.