The Federation of Ontario Law Associations raises serious concerns with the proposed regulations for the foreign buyers’ ban, to be implemented in January of 2023. Read their letter here  

This article from Gowling calls for increased vigilance from the private lending sector to combat increased threats of mortgage fraud. Protecting against private lender mortgage fraud  

Crypto mortgages are loans where crypto currency is used as security for the real estate purchase. A new concept, with some benefits and pitfalls. “Crypto-Mortgage”- Do the Benefits Outweigh the ...

Some further details concerning British Columbia’s new cooling off period for real estate purchases have been unveiled. A three day cooling off period, enabling purchasers to conduct due diligence and ...

US develops framework to regulate digital assets with International regulatory bodies -the framework’s policy objectives also include reducing the potential use of crypto for illicit finance, promoting access to financial ...

Here is an article on Mortgage Broker News setting out the goals of CAPL, which are to provide feedback on regulatory matters to government and regulators and practice support to ...

Hits and misses with the Cullen Commission report on money laundering

The Cullen Commission makes recommendations impacting private lending and brokering in BC. Read here  

Already a multi-billion dollar industry supported by a trillion dollar asset class, Bitcoin-backed loans and other secured lending arrangements involving crypto assets continue to grow in variety, scope, and access, ...

It’s a well-trodden discussion point in the mortgage industry: that the introduction of tighter rules and qualifying requirements for mortgage lending contributed to the mainstreaming of the private space in ...