Appraisal Institute of Canada

What they're asking for

In the registry's own words. Descriptions are only filed for meetings since mid-2024.

1. AIC is supporting OSFI Residential Mortgage Underwriting and Mortgage Insurance Practices and Procedures encouraging Federally Regulated Financial Institutions to employ sound valuation practices to determine the value of collateral used to secure and insure mortgages. Requiring FRFIs to apply proper due diligence by requiring valuation reports based on on-site, in-person inspections performed by qualified appraisers is a sound practice. It enables lenders to confirm the current valuation of the collateral when processing a mortgage loan application and provides the assurance that they are doing so with a valuation carried out in a fair and objective manner. In summary, we recommend that the Government of Canada continue to mandate, enhance, and enforce strong valuation fundamentals within FRFIs. AIC is advocating for OSFI to form a permanent, multi-sector, external stakeholder affairs advisory committee that would advise the regulator on emerging risks.

   September 16, 2025 · Scott Aitchison · Conservative · Financial Institutions; Taxation and Finance; Housing

Full meeting log

30 MP-directed communications since January 2024, from the Registry of Lobbyists.