COVID-19 Information Hub
MPC has launched an all-inclusive resource guide for everything COVID-19, including a summary of government support initiatives, new association tools and resources, and more.

Urgent News
  • 06/17/2020
    Canada Emergency Response Benefit (CERB) Extended Another Eight Weeks
    CERB will now provide taxable payments of up to $500 a week for a maximum of 24 weeks, up from 16 weeks.
  • 06/09/2020
    No Changes to Canada Guaranty's Underwriting Policy
    The company confirmed that no changes to it's underwriting policy are contemplated as a result of recent industry announcements.
  • 06/08/2020
    No Changes to Genworth's Underwriting Policy
    Genworth MI Canada Inc. confirms that it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit score and down payment requirements.
  • 06/05/2020
    CMHC Announces Changes to Mortgage Insurance Underwriting and Acceptance Criteria
    Changes for new applications for homeowner transactional and portfolio mortgage insurance, effective July 1.

Advocacy in Action

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What We're Up To
  • Free Course on COVID-19

    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.
  • Vancouver Mortgage Symposium Postponed

    We are postponing our planned Vancouver symposium, originally scheduled for April 23rd, and will announce an alternate date in the near future.
  • Feedback to Initial Adjustment of the Mortgage Stress Test

    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.
  • Hill Day 2020

    #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)
  • Introducing the Accredited Mortgage Professional of Canada Designation Program

    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.
  • Submission Response to the FCNB

    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.

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