Urgent Updates
  • 08/06/2020
    New Consumer Report from MPC looks at the Rapidly Evolving Expectations in the Housing Market
    Tracking shifts in Canadians’ expectations about the housing market.
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  • 07/20/2020
    New Proposed Changes to the Canada Emergency Wage Subsidy (CEWS) Program
    Changes to the CEWS program to provide more employers with access to subsidy funds.
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  • 07/15/2020
    Bank of Canada Holds Overnight Rate at 0.25%
    Bank of Canada “will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing”
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 04/17/2020
    FINA Presentation on COVID-19
    CEO Paul Taylor and Chair Elaine Taylor presented to the House of Commons Finance Committee about the Federal Government’s Response to the COVID-19 Pandemic.
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  • 04/16/2020
    MBRCC Forms COVID-19 Working Group
    MBRCC forms COVID-19 working group to understand and respond to current and emerging issues
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  • 04/10/2020
    Introducing "In Conversation With..." Series
    New one-on-one interview series by MPC to provide perspective on COVID-19 and its impact on mortgage and real estate markets.
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  • 04/09/2020
    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.
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  • 04/01/2020
    Launch of COVID-19 Information Hub
    To help members navigate the COVID-19 crisis, Mortgage Professionals Canada has launched the COVID-19 Information Hub.
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  • 03/25/2020
    Live Industry Panel Webinars
    Supporting the mortgage broker industry in the age of COVID-19.
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  • 03/24/2020
    Ontario Essential Services
    Premier of Ontario ordered all non-essential workplaces to close, effective 11.59 pm tonight. More details provided to how this affects mortgage brokers.
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  • 03/23/2020
    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.
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  • 03/19/2020
    COVID-19: Mortgage Relief Programs
    Many banks and mortgage lenders have announced they will work to support and assist individuals whose income has been impacted by the COVID-19 outbreak.
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  • 03/16/2020
    COVID-19 and Economic Impacts
    Summary of recent changes and announcements from government officials in reaction to the growing concerns about COVID-19
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