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
219 published items match this view. We prioritize the effective date, then the announcement or last-update date.
CMHC Newcomers allows eligible non-permanent residents with legal authorization to work in Canada to be considered for insured financing. The permit, employment, property, down payment, credit and full application must still meet lender and…
Possibly. CMHC says alternative methods may establish creditworthiness when Canadian history is limited. The lender may review foreign credit, rent, utilities, banking conduct, savings and other reliable payment history instead of waiting years for…
Start with an A or insured improvement program when income, credit, property and timelines fit. Alternative/B financing can accept a wider income story or project profile at a higher cost. MIC or private funding…
It can. A new credit card balance, vehicle loan or contractor financing may change debt ratios or credit before closing or holdback release. Approval does not give unlimited room to borrow while the transaction…
The lender does not automatically increase the mortgage because costs rose. You may need cash, approved additional financing, a reduced scope or a revised appraisal and underwriting review. Waiting until the builder stops work…
Construction financing commonly releases money in stages after work is completed and inspected. You usually need land equity or cash to begin, pay deposits and cover gaps between contractor invoices and lender draws.
The program is aimed at eligible existing homeowners building self-contained secondary suites, subject to its occupancy, property, loan-to-value, construction and qualification rules. It is not a general cash-out refinance for unrelated debts or renovations.
Possibly, but proposed rent is not guaranteed income. The lender may require approved plans, a market-rent appraisal, completion conditions and an acceptable suite before using any amount. The percentage and calculation differ sharply across…
Act immediately. Contact the financial institution that sent or received the money, your lawyer, relevant lender and local police. Report the incident to the Canadian Anti-Fraud Centre, preserve evidence and secure affected email, banking…
Be cautious when someone guarantees they can stop enforcement, asks you to transfer title, demands large upfront fees, discourages your own lawyer or rushes you into a sale-and-leaseback you do not understand. Get an…
Because they change the borrower’s real down payment, debt load and ability to repay. A seller credit, private loan, family repayment agreement or borrowed closing cost must be disclosed and approved rather than kept…
The lender must understand whether the money is yours, borrowed, gifted or connected to a third party. Repeated transfers do not make funds stronger; they make the trail harder to verify and can delay…
Verify payment instructions through a trusted phone number before sending money, especially when an email changes the account or creates urgency. Do not rely on replying to the same email because a criminal may…
Title fraud occurs when stolen identity or forged documents are used to transfer or mortgage property without the true owner’s authority. Unexpected lender mail, land-registry notices, redirected mail, unfamiliar credit inquiries or someone asking…
No. If repayment is expected, the funds are not a genuine non-repayable gift. Disclose the loan or shared-equity arrangement so the lender can include the obligation and decide whether it is acceptable.
No. Occupancy affects mortgage insurance, down payment, pricing, rental-income treatment and risk. State the intended use accurately. Plans can change later, but the representation made when applying must be honest and updated if circumstances…
A straw buyer allows their identity, credit or title to be used for a purchase that is controlled or funded by someone else whose role is hidden. The person signing can become legally responsible…
Do not proceed. Altered pay stubs, T4s, bank statements or tax records can lead to decline, cancellation before funding, lender enforcement after closing and possible criminal or regulatory consequences. A difficult income file needs…
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.