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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.
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.
We welcome the B.C. government’s announcement of their new Permitting Strategy for Housing, intended to help reduce the back log and wait time for provincial housing permits. This is a step in the right direction to speed up housing development and help people achieve the dream of homeownership.
Read CEO Lauren van den Berg’s opinion piece in the Toronto Star on the importance of 30-year amortization periods for insured mortgages and increasing the insured mortgage cut-off.
Reviewing some of the housing measures proposed in the 2022 Federal Budget
Read our recommendations on B.C. Government’s Proposed Cooling-Off Period Legislation & Other Measures.
Over the past several weeks, we have been active in representing B.C. members to government officials.
MPC was very encouraged to see housing affordability take such a prominent place in the election, especially after our many discussions.
A new process will be in place as it relates to mortgage broker licence applications.
Enhancing the protection of consumers who work with mortgage professionals in Ontario.
MPC penned a letter to MP Francesco Sorbara, Parliamentary Secretary to the Minister of National Revenue, summarizing our request and arguments.
Effective July 5, 2021, CMHC is returning to its pre-July 2020 underwriting practices for homeowner mortgage loan insurance.