MPC provides expert testimony to House of Commons Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities (HUMA)
Immediate focus is ensuring changes to the mortgage stress test qualifying rate, as announced, are implemented without delay.
Tracking shifts in Canadians’ expectations about the housing market.
Changes to the CEWS program to provide more employers with access to subsidy funds.
Bank of Canada “will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing”
CERB will now provide taxable payments of up to $500 a week for a maximum of 24 weeks, up from 16 weeks.
The company confirmed that no changes to it's underwriting policy are contemplated as a result of recent industry announcements.
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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Changes for new applications for homeowner transactional and portfolio mortgage insurance, effective July 1.
MPC has submitted its advice to the British Columbia Ministry of Finance regarding its review of the B.C. Mortgage Brokers Act.
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.
MBRCC forms COVID-19 working group to understand and respond to current and emerging issues