General Residential Real Estate (GRRE)
An OSFI capital classification for residential mortgages where repayment does NOT materially depend on the property's cash flow. GRRE carries lower lender capital requirements than IPRRE, but per OSFI's Nov 2025 clarification, the same borrower income cannot be re-used to classify multiple mortgages as GRRE.
General Residential Real Estate (GRRE) is an OSFI classification under the Capital Adequacy Requirements (CAR) Guideline 2026 (effective January 2026). A mortgage qualifies as GRRE only if repayment does not materially depend on cash flows generated by the property AND if the borrower's income used to support that classification has not already been used to classify another mortgage as GRRE. Income from other residential real estate properties cannot be considered when classifying as GRRE. Owner-occupied primary residences almost always classify as GRRE. The first standalone rental property may classify as GRRE if the borrower's non-property income comfortably services the mortgage. But the second-and-beyond rental mortgages typically must classify as IPRRE (higher capital requirement) — a constraint OSFI clarified explicitly on November 14, 2025 in response to industry confusion about the CAR 2026 update. The classification affects what the loan costs the lender (and therefore typically what it costs the borrower in rate or terms), but does not change B-20 underwriting eligibility.