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
Four west coast communities are getting $347K for municipal capital works projects
Corner Brook council approves $50K contract to update the city's wastewater strategic plan
RCMP offers safety reminders for motorists going through construction zones along the west coast
A 53-year-old woman is dead after an overnight moose-vehicle collision near the Chapel Arm exit
Young boy struck by an impaired driver in St. John's last week has died from injuries
