Apr 27, 2017, 10:04 AM by Mortgage Professionals Canada

Brokers, Insurers and Lenders Convene to Inform Government on Impact of Rule Changes

We were pleased to hold our inaugural provincial Advocacy Day at Queen’s Park on March 28. 

Over the course of the day, staff and industry volunteers held over 30 meetings with members of parliament and senior officials to discuss the negative effects the federal government's mortgage rule changes will have on the local economy.

Building on the success of our Parliament Hill Advocacy Days in Ottawa in early March, the Queen’s Park Day provided the opportunity to heighten awareness of the importance of our industry and our significant economic impact in the province. Our overarching goal was to discuss the issues of housing affordability and availability as well as the negative impacts the changes are having on first-time buyers. We were also pleased to host an exclusive reception during which our members had the opportunity to mingle with MPPs in an informal setting.

Our underlying recommendation is to implement reasonable modifications to alleviate the negative impact on Canada’s middle class and to avoid implementing any additional changes.

There is still work to be done and we remain committed to continuing our dialogue with government officials on behalf of our members.