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
134 published items match this view. We prioritize the effective date, then the announcement or last-update date.
Yes. Joint borrowers are responsible for the account, and reported late payments can affect every borrower connected with it. A family promise about who pays does not stop the lender from reporting the actual…
No. A person who signs as a joint borrower is generally responsible for the unpaid mortgage balance, not merely the income shortfall used to qualify. The lender can look to the co-signer if the…
Yes. The new mortgage or sale cannot close cleanly until the lawyer can pay the secured debt and deal with the registered charge. Missing payout instructions, secured lines, penalties or lender processing time can…
Many fixed closed mortgages charge the higher of three months’ interest or an interest-rate differential, while many variable closed mortgages use three months’ interest. The exact formula, comparison rate and discounts come from the…
The lawyer needs the purchase documents, lender instructions, identification, insurance evidence and cleared client funds in time to complete the legal closing. Mortgage approval alone does not deliver the keys.
No mortgage is guaranteed merely because the file is described as complete. “Lender-complete” should mean the stated lender conditions have been satisfied, but funding can still depend on no material changes, lawyer instructions, insurance,…
Send the listing, proposed price, taxes, condo fees, intended use, offer deadline and closing date before the offer becomes firm. A borrower pre-approval cannot confirm an unseen property.
CMHC expanded mortgage-insurance options for eligible prefabricated, modular and manufactured homes in May 2026, but the property, land, construction contract and lender still have to fit the program.
Yes. Tarion says new freehold purchasers must notify it within 45 days of signing beginning April 1, 2026. Tarion also says the reduced-coverage consequence for late registration is deferred during a transition until January…
Ontario’s temporary enhanced new-housing relief can materially reduce HST for eligible agreements signed from April 1, 2026 through March 31, 2027, but the buyer, property, price, occupancy or rental use and agreement date must…
Ontario’s temporary enhanced new housing rebate is broader than a first-time-buyer program. For qualifying builder agreements from April 1, 2026 through March 31, 2027, it can provide up to $80,000 of provincial HST relief.…
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 HATC currently allows up to $20,000 of eligible annual expenses for a qualifying individual or dwelling. Budget 2025 proposed that, for 2026 onward, the same expense could no longer be claimed under both…
Yes. Since October 1, 2025, reporting entities can have obligations to report material discrepancies involving the federal beneficial-ownership registry when specified high-risk conditions are met.
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…
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.
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.