REGULATIONS AND GOVERNMENT RELATIONS

We work on you behalf communicating with policy and legislation staff at the Ministry of Finance and MLA’s to work on legislative reform, including self-regulation, personal mortgage broker corporations, fee issues, better and more simplified disclosure, mortgage investment and mortgage syndication issues, more even handed and less heavy handed enforcement processes, regulation of bank broker reps and a host of other issues.

CMBA Joins Coalition for Small Business Tax Fairness

Coalition for Small Business Tax Fairness, representing hundreds of thousands of independent businesses, professionals and taxpayers, submitted a letter to the Honourable Bill Morneau regarding the proposed tax changes

READ THE LETTER

CMBA Submission to OSFI RE: Draft Guideline – Residential Mortgage Underwriting Practices and Procedures

The Canadian Mortgage Brokers Association (CMBA) submission to OSFI concerning the Draft Guideline – Residential Mortgage Underwriting Practices and Procedures.

READ THE SUBMISSION

CMBA Bulletin on Purchases and Sales Involving Non-resident (Capital Gains Tax)

A mortgage broker forewarned with knowledge about the capital gains tax, as it applies to sales of real estate by non-residents, is better forearmed to assist in avoiding later delays and collapsing of transactions.

READ THE BULLETIN

CMBA Bulletin on Mortgage Brokers Issuing Promissory Notes

Mortgage brokers in Canada who arrange loans from clients using promissory notes may, at least in some circumstances, be breaching securities legislation.

READ THE BULLETIN

Consumer Protection and Oversight in Relation to Schedule I Banks

Letter to the Standing Committee on Finance

READ THE LETTER

Application of GST to Mortgage Broker Fees/Commissions

The Issue

Do mortgage broker fees/commissions attract GST?

READ THE DOCUMENT

CRA’s new NOAs Create Fraud Risk

READ THE DOCUMENT

Letter to the REM Editor: Help your clients with mortgage shopping

READ THE DOCUMENT

Housing Stakeholders Position Paper

The below listed construction and housing industry associations, primarily in market housing, have collaborated to identify several recommendations to improve housing supply. Some of the recommendations can be achieved by municipal governments, but the provincial government can also encourage or assist these processes.

Real Estate Board of Greater Vancouver
Fraser Valley Real Estate Board
BC Real Estate Association
Real Estate Institute of BC
Greater Vancouver Home Builders’ Association
Canadian Home Builders’ Association – Fraser Valley
Canadian Home Builders’ Association – BC
Urban Development Institute – Pacific Region
LandlordBC

READ THE PAPER HERE

Down Payment Assistance from BC Government for First Time Home Buyers
(BC Home Owner Mortgage and Equity Partnership Program)

Press release regarding the BC Government’s announcement made December 15, 2016

CMBA-BC Press Release Dec 15, 2016

The Application of Debt Repayment Agent Licensing to Mortgage Brokers in BC

Letter to the Honourable Suzanne Anton, Q.C.
Minister of Justice and Attorney General

READ THE LETTER

Changes to Definition of “Institutional Lender”

Letter to Jack Olsen, Ethics Advisor
The Law Society of British Columbia

READ THE DOCUMENT

Additional submissions regarding the application of section 17.3 of the Mortgage Brokers Act (MBA)

Letter to Carolyn Rogers
Registrar of Mortgage Brokers

READ THE DOCUMENT

The Registrar’s Proposal to Amend the Form 10

Letter to The Registrar of Mortgage Brokers dated October 9, 2015

READ THE DOCUMENT

FSCO Priorities Feedback

READ THE DOCUMENT

Offering Memorandum Investor Caps

Letter to the Nova Scotia Securities Commission dated July 6, 2015

READ THE DOCUMENT