BC Approves New Mortgage Act to Safeguard Borrowers

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Big news 🏡: BC is replacing the old Mortgage Brokers Act with the new MSA.

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MSA = stronger consumer protections, clearer broker rules, and tougher enforcement ✅.

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It officially kicks in October 13, 2026, after a 15-month transition period ⏳.

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Expect higher standards, better disclosure, and advice designed for YOUR best interests 💬.

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During transition, always check your broker is registered using BCFSA’s “Find a Broker” tool 🔍.

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