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. 

Ontario’s Budget focused on housing supply measures

The 2023 Ontario budget is focused on improving housing supply by advancing the province’s More Homes Build Faster measures

Québec Budget 2023-2024: Prudence and Continuity

On March 21, 2023, Finance Minister Éric Girard presented Québec's 2023-2024 budget. In addition to fulfilling several campaign promises, this budget is anchored in two major realities: the threat of an impending recession and an inflationary surge that is not yet under control.

Québec Advocacy Update

On March 6, a team of MPC Québec members and members our government affairs consulted met with the minister of Finance office to discuss our pre-budget submission.

Submission to BCFSA

Read our recommendations on B.C. Government’s Proposed Cooling-Off Period Legislation & Other Measures.

Government Relations Update for British Columbia

Over the past several weeks, we have been active in representing B.C. members to government officials.

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