Many banks and mortgage lenders have announced they will work to support and assist individuals whose income has been impacted by the COVID-19 outbreak.
Mortgage Professionals Canada is offering a free online course to assist the mortgage community in learning about COVID-19. Topics include learning the signs, symptoms, and modes of transmission, how to care for COVID-19 patients at home, and workplace preparedness.
We are postponing our planned Vancouver symposium, originally scheduled for April 23rd, and will announce an alternate date in the near future.
Summary of recent changes and announcements from government officials in reaction to the growing concerns about COVID-19
MPC welcomed Tuesday's announcement by Finance Minister Bill Morneau to adjust the mortgage stress test as a good "first step." Since its implementation, many credit-worthy Canadians from coast to coast have been disqualified from homeownership because of regulatory changes to mortgage eligibility and insurability.
Reaction to the announcement by Finance Minister Bill Morneau to adjust the mortgage stress test.
#MPCHillDay promotes MPC’s key advocacy issues, focusing on the effects federal mortgage policies place on the brokering sector’s tens of thousands clients, including many aspiring homeowners across Canada. Our team of member volunteers from across Canada spread out over a busy day in Ottawa to meet with dozens of influential public representatives. Our MPC member volunteers for #MPCHillDay 2020 are: Chair Elaine Taylor* (Ontario), Gilles Bouillon (Quebec), Mary Swaffield (Alberta), Michelle Drover (Nova Scotia), Sarah Nixon-Miller (Nova Scotia), Dustan Woodhouse (British Columbia), Kris Barnier (Ontario), Secretary Tracy Valko* (Ontario), Caily MacGregor (Manitoba), Pat Dell (Saskatchewan), Vice Chair Dong Lee (Ontario), Treasurer Joe Pinheiro* (Ontario), Mathieu Lebrun* (Quebec), Hali Noble* (British Columbia), Claude Girard* (Quebec) and Ryan Spence (Alberta). (* denotes MPC Board Member)
Mortgage Professionals Canada, in partnership with the Sauder School of Business at the University of British Columbia, is pleased to announce the launch of the Accredited Mortgage Professional of Canada (AMPC) Designation Program - the first of our new 3 educational designation programs! Visit the education department for more information on this new program.
MPC’s January 2020 response to FCNB’s Consultation Paper on incidental selling of insurance in New Brunswick.
MPC’s January 2020 response to FCNB’s Consultation Paper on incidental selling of insurance in New Brunswick has been released. Please visit the provincial advocacy section for more details.
Today, Prime Minister Justin Trudeau released his Mandate Letter to Minister of Finance Bill Morneau.
Today, Prime Minister Justin Trudeau released his Mandate Letter to Minister of Finance Bill Morneau. One of the prime minister’s stated priorities is that his minister must “review and consider recommendations from financial agencies related to making the borrower stress test more dynamic.” Our board, staff, and a roster of members who joined us in Ottawa for our meetings have spoken, and been heard. Indeed, this month in Ottawa, members of MPC’s senior staff met with policymakers to discuss housing policies under a new minority government situation. All were receptive to reviewing the stress test mechanism based on recommendations and testimony MPC presented through 2019; today’s announcement by Prime Minister Trudeau is proof positive of our efforts.
