As part of its drive to educate policymakers on the possible negative impacts of the changes to federal mortgage insurance and eligibility rules, Mortgage Professionals Canada announced the launch of its new consumer advocacy portal.
Interested parties can click here
to check out the web-based campaign, which will allow users to send their thoughts to Members of Parliament.
“The association has been very active in lobbying the federal government to make reasonable, common-sense changes to the new rules, and is now seeking assistance from middle- class Canadians to have their say by letting the government know how they have been affected by the changes,” MPC said in its announcement.
“Mortgage Professionals Canada has presented recommendations to government regarding the new rules which will help government meet their goals while softening the negative impacts on Canadians.”
Association president and CEO Paul Taylor said that the campaign is a response to the evident consumer frustration surrounding the regulatory changes.
“Our goal with this grassroots campaign is to make it incredibly easy for Canadians who have been disadvantaged by the changes to send a message to their local MP to build support for affordable homeownership,” Taylor explained.
Currently, MPC represents 11,500 industry professionals and 1,000 companies nationwide, comprising the largest mortgage network in Canada. With around $80 billion dollars in annual economic activity, MPC’s broker channel originates approximately 33 per cent of all mortgages in Canada and nearly 50 per cent of mortgages for first-time homebuyers
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