The Mortgage Broker Regulators' Council of Canada (MBRCC) releases its 2023-2026 Strategic Plan

TORONTO, July 6, 2023 /CNW/ - MBRCC, today released its 2023-2026 Strategic Plan. Over the next three years, MBRCC members will continue to collaborate and promote greater regulatory effectiveness, efficiency and consistency to serve the public interest.

The 2023-2026 priorities consider important cross-jurisdictional issues, such as rising interest rates and inflation which have reduced mortgage affordability and increased reliance on alternative/private mortgages. MBRCC Chair, Antoinette Leung noted, "Our strategic priorities focus on enhancing consumer protection, professionalism and competence of mortgage brokers, and collaborating and coordinating between jurisdictions."

The MBRCC 2023-2026 Strategic Plan can be found on the MBRCC website.

About the Mortgage Broker Regulators' Council of Canada:

The MBRCC is comprised of regulators across Canada responsible for administering mortgage broker legislation and regulating the industry in their respective jurisdictions. The MBRCC provides Canada's mortgage broker regulators with a forum to work cooperatively, better share information and coordinate engagement of stakeholders to identify trends and develop solutions to common regulatory issues.

SOURCE Mortgage Broker Regulators' Council of Canada