Mortgage interest rates are not affected by the Mortgage Brokerages and Brokers Act and Regulations as these are primarily determined by the Bank of Canada policy rate.
New rules for the mortgage broker industry in Newfoundland and Labrador came into effect yesterday. The new Act and Regulations ensure legislation is current and modern. It will include the implementation of a licensing framework, a Code of Conduct, education, authorize administrative penalties, and strengthen client disclosure. Changes also provide greater protection for people using mortgage brokering services. Mortgage interest rates are not affected by the Mortgage Brokerages and Brokers Act and Regulations as these are primarily determined by the Bank of Canada policy rate. For more information, please visit gov.nl.ca
A missing man from the Clarenville area has been found deceased
Provincial fire ban ends at midnight
18 new affordable rental units to be built in Stephenville
RNC urges people to look out for one another as summer festival season kicks into high gear
Home heating rebate applications now accepted until January 15th
