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Canada Mortgage Lenders

Blake, Cassels & Graydon LLP

Projet de loi 29 de la Colombie-Britannique : Répercussions de la Mortgage Services Act auprès des prêteurs hypothécaires

Le projet de loi 29 de la Colombie-Britannique (le « projet de loi ») abroge la loi intitulée Mortgage Brokers Act de cette province et la remplace par une nouvelle loi, soit la Mortgage Services Act (la « Loi »), laquelle...more

Blake, Cassels & Graydon LLP

B.C. Mortgage Services Act: Bill 29’s Impact on Mortgage Lenders

British Columbia’s Bill 29 repeals the Mortgage Brokers Act and replaces it with the Mortgage Services Act (MSA). The MSA establishes a licensing and regulatory regime for mortgage brokerages, principal brokers and mortgage...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Bennett Jones LLP

Attention Mortgage Lenders: The Proceeds Of Crime (Money Laundering) And Terrorist Financing Act May

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Non-bank mortgage lending entities would become subject to the anti-money laundering and anti-terrorist financing (AML/ATF) obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the PCMLTFA)...more

Blake, Cassels & Graydon LLP

Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes : nouveaux changements visant les...

Le 17 février 2023, le gouvernement fédéral a publié un projet de règlements modificatifs (les « Règlements modificatifs ») modifiant certains règlements (les « Règlements ») pris en vertu de la Loi sur le recyclage des...more

Bennett Jones LLP

Ontario Court of Appeal Considers Interpretation of “Creditors or Others” Under the Fraudulent Conveyances

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The Ontario Fraudulent Conveyances Act (the FCA), a concise statute of long-standing that traces its history to an English statute of 1571, is intended to prevent conveyances of property made with the intent to defeat,...more

Blake, Cassels & Graydon LLP

Mortgage Lenders and Brokers Take Note: Ontario Proposes Changes to Modernize Regulation of Provincial Mortgage Businesses

The Ministry of Finance recently released Protecting and Modernizing Ontario’s Mortgage Broker Industry, a report on the legislated five-year review of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) led...more

Foster Garvey PC

Short-Term Rental Update: Short-term rental operator Lyric raises $160m; Fannie Mae-backed mortgages allowed for short-term...

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This week’s Short-Term Rental Update features a number of interesting topics, including these highlights...more

Blake, Cassels & Graydon LLP

Ontario Seeks Input on Regulation of Provincial Mortgage Businesses

The Ontario Ministry of Finance is seeking input from the public and other stakeholders with respect to a legislative review of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA). The review focuses on...more

Bennett Jones LLP

Bank Loan Repayments May Be Seized Due to Super Priority of Crown for GST/HST

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On May 25, 2018, the Federal Court of Canada released its decision in Her Majesty the Queen v The Toronto-Dominion Bank. The case revolved around whether the proceeds of the sale of a house by a debtor of Toronto-Dominion...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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We know that China’s Didi Chuxing is powerful enough to have driven Uber out of China altogether. So what happens when Didi sets its sights outside of Chinese borders? Flush with $5.5 billion in new funding, Didi is likely...more

Blake, Cassels & Graydon LLP

Year in Review: Legislation and Guidance for Financial Institutions in 2016

The regulation of federally regulated financial institutions (FRFIs) continued intensifying in 2016 with a new wave of legislative and regulatory initiatives impacting mortgage lending, the bank resolution regime, the life...more

Bennett Jones LLP

BC Takes Action to Protect Real Estate Sellers

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On May 10, 2016, BC Finance Minister Michael de Jong announced amendments to the Real Estate Services Regulation regarding the imposition of additional obligations on licensees (persons described in s 2 of the Real Estate...more

Bennett Jones LLP

What Happened to my Mortgage?

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In 2015, and just before his retirement, Justice Murray of the Ontario Superior Court of Justice left us with a challenging legal decision that, for the time being at least, will matter to mortgage lenders....more

Blake, Cassels & Graydon LLP

New Federal Rules for the Residential Mortgage Market

On December 11, 2015, the Canadian Department of Finance, the Office of the Superintendent of Financial Institutions (OSFI) and the Canada Mortgage Housing Corporation (CMHC) announced forthcoming changes to existing federal...more

Bennett Jones LLP

E-signatures – Do They Change Ontario Real Estate Deals?

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Over the last 20 years, since the introduction of the electronic land registry system, real estate in Ontario has slowly been making its way into the electronic age. On July 1st, 2015 another step was taken. All real estate...more

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