At the provincial level, we advocate for policies that will increase the supply of housing while making homeownership more affordable. Some examples of the housing affordability measures we advocate for include: reducing tax for homeowners and increasing tax incentives for first-time home buyers. We also actively engage on legislative and regulatory matters such as advertising, licensing, education and regulatory requirements with member input.
Some recent successes include:
Letter to OSFI re Proposed change to B-20 uninsured mortgage minimum stress test level.
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OSFI reopens consultations on Guideline B20, proposes qualifying floor of 5.25%.
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A message from Paul Taylor.
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Hill Week 2021 featured in "Pre-budget pitches, virtual ‘Hill days’ push February lobbying" article.
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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.
MBLAA Update and OSC Regulation of SMIs.
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Learn more about the urgent letter we submitted to Manitoba's Minister of Finance to better support mortgage professionals during the COVID-19 pandemic.
The Financial Services Regulatory Authority is introducing new standards; your feedback is needed!
New Mortgage Regulation Act, Updating the Mortgage Broker Course, and Monday’s Webinar
MPC has submitted its advice to the British Columbia Ministry of Finance regarding its review of the B.C. Mortgage Brokers Act.
The province of Nova Scotia announces deferring of licensing fees until June 30th, 2020, to provide breathing room during COVID-19.
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.
