Open Banking and Mortgages: What Canada’s Proposed Rules Could Mean for Borrowers and Brokers
Canada is moving toward a consumer-driven banking framework, often called open banking, that could change how borrowers share financial information when applying for, renewing, or refinancing a mortgage. The proposed Consumer-Driven Banking Regulations are not yet in force. As of September 14, 2026, the consultation period has closed, but final regulations have not been published. […]
The Case for a Single AML Agent Model in Mortgage Transactions
Canada’s anti-money laundering and anti-terrorist financing regime should be rigorous, effective, and proportionate. Mortgage brokers, lenders, and administrators have an important role in identifying suspicious activity, detecting illicit funds, and protecting the integrity of the financial system. But the mortgage industry needs a more coordinated way to meet those obligations. A practical solution would be […]