Hidden 2026 Rule Changes And Rebates That Could Save Ontario Homebuyers Tens Of Thousands On Their Next Mortgage

Most people I talk to have no idea that many borrowers can now switch lenders at renewal without redoing the federal mortgage stress test, as long as the loan amount and amortization stay the same. On top of that, regulators are actively reviewing whether to scale back the stress test and rely more on loan‑to‑income limits, which could change how much some buyers qualify for in 2025–2026. Ontario’s 2026 budget also proposes, for one year, to enhance the provincial HST New Housing Rebate and effectively remove the 8 percent provincial HST on many new homes up to $1 million, worth up to $80,000 in savings for eligible buyers. My job as your Ontario mortgage broker is to thread all these moving pieces together—stress test rules, rebates, CMHC insurance limits, and land transfer tax—so you don’t leave tens of thousands of dollars on the table when you buy or renew.

Source: https://www.bankofcanada.ca/2024/11/staff-analytical-note-2024-25/

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