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The Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act) came into force on July 1, 2008, replacing Ontario's Mortgage Brokers Act, 1990, [1] and requires all individuals and businesses who conduct mortgage brokering activities in Ontario to be licensed. [2]
1918 - The Windsor Essex County Real Estate Board, the oldest real estate board in Ontario, [6] was incorporated on April 12, 1918, with 25 member brokers; it was initially called The Border Cities Real Estate Board. 1920 - Toronto Real Estate Board was founded; it is Canada's largest real estate board.
Canada is the world's eighth-largest economy as of 2022, with a nominal GDP of approximately US$2.2 trillion. [1] It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading nations , with a highly globalized economy.
Brand licensing is a well-established business, in both patents and trademarks.A concept established in British business, the world's first licensed character was a soft toy of Peter Rabbit, a fictional character created by Beatrix Potter and patented in 1903, to be sold alongside the first public edition of The Tale of Peter Rabbit.
In June 2022, nesto introduced a 150-day rate hold, allowing customers to lock in a rate as protection against potential future increases and encouraging them to move their existing mortgages to nesto. The company noted rising renewal and new-mortgage numbers. [18] Their 150-day rate hold is the longest in Canada. [22]
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Mortgage Professionals Canada is the official provider of: Mortgage Broker [5] and Mortgage Agent [6] education programs that provide Government of Ontario licensing for brokers and agents. Mortgage Salespersons Licensing Courses in Manitoba [7] Mortgage Associate licensing courses in Saskatchewan [8]
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