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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200 published items match this view. We prioritize the effective date, then the announcement or last-update date.
No. Paying the balance brings the debt to zero, but the registered charge must still be formally discharged from title. Your lender, lawyer and land-registration process must complete that final step.
Contact the lawyer, Realtor and Rajiv immediately. Identify whether the delay is administrative, documentary, lender-related or a genuine financing failure before discussing an extension, bridge arrangement or emergency lender.
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.
Plan for the lender to lend against the lower acceptable value, not automatically the purchase price. Before making the offer firm, understand the cash shortfall, reconsideration evidence, lender alternatives and the legal deadline.
Avoid unnecessary job changes, new credit, financed purchases, missed payments and unexplained money movements between approval and closing. If a change is unavoidable, tell Rajiv before acting so the effect can be tested.
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,…
Treat them as three connected deadlines. The offer deposit is usually due under the purchase agreement, the lender needs an acceptable down-payment trail during underwriting, and the lawyer needs cleared closing funds before completion.
Yes. Borrower approval and property approval are separate. A lender or insurer may question value, condition, location, legal use, marketability, condo information or property type even when the buyer’s income and credit are strong.
Use the condition period to obtain and review the live lender decision instead of merely resending the pre-approval. The borrower, property, appraisal, insurer and outstanding documents may all need attention before the condition is…
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.
Know the comfortable payment, tested price range, available cash and unresolved approval risks before viewing. A calculator or quick pre-qualification is not enough when an attractive property creates pressure to offer.
There is no single first-time-buyer test for every mortgage, tax and rebate program. A person can qualify under one program and fail another, so check the definition before counting the benefit in the purchase…
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.
Toronto introduced higher graduated MLTT rates effective April 1, 2026 on portions above $3 million for residential property containing one or two single-family residences.
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 federal Underused Housing Tax no longer requires returns or tax for the 2025 calendar year and later, following legislation that received royal assent on March 26, 2026. Earlier 2022–2024 obligations may still remain.
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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