Mortgage lenders who lost interests to fraudulent registrations get a new compensation claim route under Land Titles

A new section has been added to the regulation prescribing an additional category of claims that can be made against the Land Titles Assurance Fund. Specifically, a chargee (typically a mortgage lender or holder of a…

New cooling-off period rules for new freehold home purchases take effect under home construction licensing law

A new regulation establishes how a statutory cooling-off period applies to purchase agreements for new freehold homes. The cooling-off period does not apply to agreements signed before January 1, 2027, to homes on uni…

New-home vendors must attach prescribed addenda and buyer information sheets to purchase agreements

A new regulation sets out exactly which standardized documents must be completed and attached to purchase agreements for new homes in Ontario, depending on the home type. Vendors selling new freehold homes, new condom…

New $50,000 administrative penalties added for vendors and licensees who fail to issue refunds or complete purchase agreement documents

Starting in 2027, new administrative penalties of up to $50,000 will apply to new-home vendors who fail to promptly refund a purchaser's money after a rescission notice is received. Licensed builders and vendors will…

Mandatory new-home purchase addenda renamed — vendors must use updated document titles

The official names of the required addenda that new-home vendors must attach to purchase agreements have changed. The documents previously called "The Freehold Home Addendum," "The Condominium Home Addendum," and "The…

New home licensees must refund deposits and pay interest when deals fall through

A new section added to the Code of Ethics requires licensed new home builders and vendors to refund all money paid by purchasers or landowners — including deposits — whenever a refund is owed under an agreement or by…

New delayed-closing/occupancy addendum forms required for new home purchase agreements signed from January 1, 2027

The regulation has been restructured and expanded to cover purchase agreements signed from January 1, 2027 onward under four new mandatory addendum forms (dated August 24, 2026): one each for freehold homes, condomini…

Federal critical habitat protection now applies to Piping Plover (melodus subspecies) on federal lands

A new federal order activates the Species at Risk Act's prohibition on destroying critical habitat for the endangered Piping Plover melodus subspecies (Charadrius melodus melodus). The protection applies to areas iden…

Payments compliance by-law expanded to cover the new Real-Time Rail (RTR) payment system

Canada's payments compliance framework has been updated to bring the Real-Time Rail (RTR) system explicitly within its scope. The definition of 'clearing member' now includes institutions that exchange payment items t…

Canada's payment system finance rules now cover the new Real-Time Rail (RTR) system

Payments Canada's internal finance by-law has been updated to formally bring the Real-Time Rail (RTR) payment system within its scope. Two key definitions have been extended: 'participant' now includes anyone who is a…

RTR system participants added to the definition of 'direct participant' in Payments Canada's General By-law

The definition of 'direct participant' in Payments Canada's foundational by-law has been expanded to include direct settlement participants in the Real-Time Rail (RTR) system, with an exception for group clearers. The…

Canada's new Real-Time Rail (RTR) payment system gets its governing rulebook

Payments Canada has created a comprehensive by-law establishing the rules for Canada's Real-Time Rail (RTR) — a new system for near-instant electronic payments between financial institutions. The by-law sets out who c…