Provincial Matters

Mortgage Professionals Canada is actively involved with provincial regulators on issues such as regulation, education, disclosure, licensing and more. With member input, we provide consultation and advice on legislative matters; report on discussion papers and maintains engaging dialogue to ensure the interests of our members are represented. Provincial regulators also frequently speak at our regional symposiums providing updates and information to members across the country. 

FSRA Announces New Process for Criminal Record Background Checks

A new process will be in place as it relates to mortgage broker licence applications.

FSRA publishes final guidance on mortgage brokering sector Code of Conduct

Enhancing the protection of consumers who work with mortgage professionals in Ontario.

Changes to Ontario Cabinet Announced

We thank the Ontario Government for working with mortgage brokering community.

Recap: Meetings with Ontario MPPs

MPC Ontario Chapter members volunteers met with MPPs to discuss the state of local mortgage and real estate markets and more.

Our Letter to OSFI

Letter to OSFI re Proposed change to B-20 uninsured mortgage minimum stress test level.

OSFI Proposes More Stringent Stress Test

OSFI reopens consultations on Guideline B20, proposes qualifying floor of 5.25%.

MPC's Lobbying Efforts Recognized by The Hill Times

Hill Week 2021 featured in "Pre-budget pitches, virtual ‘Hill days’ push February lobbying" article.

NOTICE: Changes to Regulation of Syndicated Mortgages in NS in Effect Today

Mortgage brokers in Nova Scotia, please be aware of these legal changes in the event any mortgage activities involving you are subject to the new securities law requirements.

Changes Announced: Ontario Government to Revise the MBLAA

MBLAA Update and OSC Regulation of SMIs.

Manitoba Government Asked to Provide Mortgage Professionals Immediate Emergency COVID-19 Regulatory Relief

Learn more about the urgent letter we submitted to Manitoba's Minister of Finance to better support mortgage professionals during the COVID-19 pandemic.

FSRA Introducing Sectoral and Cross-Sectoral Service Standards

The Financial Services Regulatory Authority is introducing new standards; your feedback is needed!

NOVA SCOTIA UPDATE: New Mortgage Regulation Act, Updating the Mortgage Broker Course, and Monday’s Webinar

New Mortgage Regulation Act, Updating the Mortgage Broker Course, and Monday’s Webinar

Submission in regards to review of B.C. Mortgage Brokers Act

MPC has submitted its advice to the British Columbia Ministry of Finance regarding its review of the B.C. Mortgage Brokers Act.

Deferring of Licensing Fees in Nova Scotia

The province of Nova Scotia announces deferring of licensing fees until June 30th, 2020, to provide breathing room during COVID-19.

Ontario March 31st Deadline for Continuing Education and AIR

Discussions with FSRA regarding the March 31st deadline for FSRA Mandatory Continuing Education and Annual Information Return, posing a major risk to many of our Ontario agents and brokers during the COVID-19 crisis.

Submission Response to FCNB

MPC’s January 2020 response to FCNB’s Consultation Paper on incidental selling of insurance in New Brunswick.

FSRA's Changes to Non-Qualified Syndicated Mortgage Investment Disclosure

FSRA has introduced amended disclosure forms for non-qualified syndicated mortgages.

MBLAA Review Recommendations Adopted

MPC is pleased that many of its MBLAA review recommendations were adopted by Ontario Ministry of Finance.

Update from FSRA

Proposed Changes to NQ-HRSMI Disclosure