What Homebuyers Should Know About Newfoundland’s New Mortgage Broker Rules
As of April 1, 2025, the Government of Newfoundland and Labrador has implemented the Mortgage Brokerages and Brokers Act, introducing updated regulations for the province’s mortgage industry. These new rules are designed to protect homebuyers and homeowners by improving transparency, professionalism, and accountability among mortgage brokers and brokerages. What’s Changing Under the new Act, all…