Ontario Mortgage Services

What applies province-wide

Some things do not change with your postal code. Federally regulated lenders apply a minimum qualifying rate, published by OSFI. Affordability is measured with gross and total debt service ratios. Minimum down payments follow federal rules described by the Financial Consumer Agency of Canada. Land transfer tax applies province-wide, with an additional municipal land transfer tax in the City of Toronto.

What does change is the property: how it is valued, which lenders will consider it, and what the appraisal supports. That is where a local conversation is useful.

Start from what you are trying to do

• Restructuring or drawing on equity — Refinance & Equity Takeout.
• Standby access to equity rather than a lump sum — Home Line of Credit.
• Buying, first time or next move — Purchase.
• A term ending in the next several months — Mortgage Renewal.
• A pre-construction closing approaching — Pre-Construction Buyers.
• Considering equity later in life — Reverse Mortgage.

Where I work

Clients are spread across Ontario, and most conversations happen by phone, email or video. Meetings in person are available by appointment at the CanadaLend office in Markham. If you are in the Greater Toronto Area, the GTA page narrows things further.

Nothing on this page is an approval, a rate quote or advice specific to your circumstances. Availability and terms depend on the borrower, the property and the lender.