AskRajiv.ca Mortgage & Real Estate Knowledge Centre

Canada & Ontario mortgage rule watch

What changed—and what does it mean for your mortgage?

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.

In force nowRules and programs currently available or required.255 published Coming soonAnnounced changes with a future effective date.2 published Proposed / watchingNot current rules. Follow the official decision before acting.2 published Expired / withdrawnOlder measures kept for context, not current planning.0 published
Dedicated client journeyFirst-Time Home Buyer RulesQualification, down payment, FHSA/HBP, rebates, new construction, offers and closing.Open the first-home pathway →

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Income does not fit the standard box?

1 published items match this view. We prioritize the effective date, then the announcement or last-update date.

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Coming soonBuyer Protection

Is Ontario introducing a 10-day cooling-off period for new freehold homes?

Yes. Tarion reports that Ontario regulatory changes coming into force January 1, 2027 will support a 10-day cooling-off period and new information sheets for buyers of new freehold homes.

Effective
Jan 1, 2027
Applies to
Home Buyer · Pre Construction Buyer
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How to read this centre

Rules, insurer requirements and lender policies are different layers.

01

Government or regulator

Sets laws, program requirements or prudential boundaries. FSRA regulates; it does not write every lender’s underwriting policy.

02

Insurer or program

Applies only when the mortgage or client fits that insured product or program. It should not be generalized to every conventional deal.

03

Individual lender

Decides its own acceptable income, property, credit and exception policy inside the applicable rules.

Mortgage rule second opinion

A headline cannot tell you which lender route still works.

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.

Review What This Rule Means for MeRajiv Verma, Mortgage BrokerOntario · No automatic approval or lender outcome is implied.