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
200 published items match this view. We prioritize the effective date, then the announcement or last-update date.
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…
Porting may preserve part of your existing mortgage, but timing, qualification, property approval and the lender’s contract still decide whether it works.
Early documents let the broker test the port, sale equity, bridge amount and backup lending route before the closing becomes urgent.
The right comparison includes the penalty, blended rate, new borrowing, future flexibility and closing risk, not only today’s advertised rate.
A longer closing gap may exceed an A lender’s bridge window and require a different short-term structure with a tested exit plan.
Standard bridge financing usually relies on a firm sale; without one, the solution becomes a different and riskier form of financing.
Bridge financing can temporarily advance equity tied up in a firm sale, but it is short-term, documented and dependent on the lender’s policy.
Mortgage default insurance and the lender’s mortgage contract are separate; each has its own portability approval and conditions.
Downsizing may require a partial mortgage payout, which can create a penalty even if the remaining balance is ported.
A port-and-increase can combine the old mortgage balance with new borrowing, often at different rates and under fresh qualification.
Possibly. Being on maternity or parental leave is not an automatic mortgage decline. The lender will decide whether to use your current leave income, your confirmed return-to-work income, or a more cautious amount after…
Yes. A preapproval or commitment does not prevent the lender or mortgage insurer from asking for updated documents or re-verifying employment before funding. The file may not always be re-checked, but you should plan…
It may be usable, but temporary and long-term benefits are not treated the same. The lender will usually examine the benefit source, amount, taxable status, review conditions and expected continuation before deciding what income…
Often yes, when the pension income is current, documented and expected to continue. The lender will still check the type of benefit, gross amount, taxes, debts and whether the proposed mortgage payment works on…
Expect to provide the signed separation agreement or court order and a bank trail showing what was actually paid or received. Depending on the lender, you may also need proof of arrears status, enforcement…
It can affect either side of the mortgage calculation. Documented support received may be considered income under some lender policies, while support you must pay is normally treated as an ongoing obligation. The court…
Yes, some lenders will combine both jobs when the hours and earnings are stable and sustainable. The important issue is not the number of employers; it is whether the lender can verify the income,…
Sometimes. Two years is a common way to show that variable income is stable, but it is not a universal statute. A lender may use a shorter documented history when the income is consistent…
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
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