MPC helps lawmakers understand the importance of brokers

Members of the Ontario provincial parliament have been helped to understand the important role that mortgage brokers play in the province’s red-hot housing markets.

A meeting between MPPs, senior government officials, and Mortgage Professionals Canada, was a chance to talk about the issues of housing affordability and the tight supply in Ontario.

"Housing affordability in the GTA and the surrounding area is becoming increasingly challenging for more and more Ontarians and we were pleased to lend our voice on ways we think the government can restore balance in the market," said Paul Taylor, President and CEO, Mortgage Professionals Canada.

MPC is urging officials to help ease the regulatory burden which restricts the building of more homes in Ontario which it says is the required measure rather than imposing a foreign buyers’ tax.

"Today's advocacy efforts have gone a long way in educating MPPs on the positive role that mortgage brokers play in the Ontario housing market through lower rates and increased competition," added Taylor.

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