MPC welcomed Tuesday's announcement by Finance Minister Bill Morneau to adjust the mortgage stress test as a good "first step." Since its implementation, many credit-worthy Canadians from coast to coast have been disqualified from homeownership because of regulatory changes to mortgage eligibility and insurability.
Reaction to the announcement by Finance Minister Bill Morneau to adjust the mortgage stress test.
#MPCHillDay promotes MPC’s key advocacy issues, focusing on the effects federal mortgage policies place on the brokering sector’s tens of thousands clients, including many aspiring homeowners across Canada. Our team of member volunteers from across Canada spread out over a busy day in Ottawa to meet with dozens of influential public representatives. Our MPC member volunteers for #MPCHillDay 2020 are: Chair Elaine Taylor* (Ontario), Gilles Bouillon (Quebec), Mary Swaffield (Alberta), Michelle Drover (Nova Scotia), Sarah Nixon-Miller (Nova Scotia), Dustan Woodhouse (British Columbia), Kris Barnier (Ontario), Secretary Tracy Valko* (Ontario), Caily MacGregor (Manitoba), Pat Dell (Saskatchewan), Vice Chair Dong Lee (Ontario), Treasurer Joe Pinheiro* (Ontario), Mathieu Lebrun* (Quebec), Hali Noble* (British Columbia), Claude Girard* (Quebec) and Ryan Spence (Alberta). (* denotes MPC Board Member)
Mortgage Professionals Canada, in partnership with the Sauder School of Business at the University of British Columbia, is pleased to announce the launch of the Accredited Mortgage Professional of Canada (AMPC) Designation Program - the first of our new 3 educational designation programs! Visit the education department for more information on this new program.
MPC’s January 2020 response to FCNB’s Consultation Paper on incidental selling of insurance in New Brunswick.
Today, Prime Minister Justin Trudeau released his Mandate Letter to Minister of Finance Bill Morneau.
One of the prime minister’s stated priorities is that his minister must “review and consider recommendations from financial agencies related to making the borrower stress test more dynamic.”
FSRA has introduced amended disclosure forms for non-qualified syndicated mortgages.
Planning on vising the U.S for American Thanksgiving or Black Friday shopping? Don't miss the exclusive offers on theme parks, shows, attractions and more. Plus, celebrate the season with deep discounts on a wide variety of fantastic concerts! Check out the savings under the Member Benefits Program under Membership.
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MPC is pleased that many of its MBLAA review recommendations were adopted by Ontario Ministry of Finance.