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Pineapple Market Update

Become a more informed mortgage broker alongside our CEO, Shubha Dasgupta. Get timely information on the housing market, mortgage industry and the Canadian economy so you can serve your clients better!

 

 

If you were unable to tune in for our Market Update live, watch the recording above.
Please click here and refer to the related tab of this article to access the slide deck.

Summary

Our CEO, Shubha Dasgupta, takes us through the weekly Market Update in this session. He kicks off the meeting with Prime Lenders and Alt Lenders rate updates. In March, Canada’s annual inflation rate surged to 6.7%, a new 31-year record and a higher figure than financial analysts had expected. Being the highest inflation rate since 1991. 

Interest rates are rebounding to what they were pre covid, the sky is NOT falling. CMHC expects homeownership affordability will decline, with the growth in prices expected to outpace income growth. Mortgage rates are expected to rise as monetary policy tightens to return current elevated inflation rates to targeted levels.

Resource Links

Housing Market Spring 2022 Report – CMHC
March Employment Data – Stats Canada
Rising Interests Rates A Gamechanger For Canada’s Housing Market- RBC Economics
Ontario to allow buyers to see all bids on real estate sales, but only if the seller agrees

Social Media Content

Please click here to access the Market Update recap video story that you can use to post on your social platforms.

Important Updates

Are you compliant? Understanding what Mortgage Fraud looks like.

Up and Coming Industry Events

Canadian Morgage Awards – April 28th

Nominations: 

  • Avison Young Award for Broker of the Year – Commercial – MCommercial Michel Durand
  • The Canadian Mortgages Inc. Award for Broker of the Year – Private Lending – Araz Khalili Pineapple Financial
  • Young Achiever of the Year – The Mortgage Coach – April Williams
  • HomeEquity Award For National Broker Network of the Year – Pineapple

Mortgage Awards of Excellence – May 10th

Nominations:

  • Community Service Award: Shubha Dasgupta
  • Best Commercial Mortgage Brokerage of the Year – Michel Durand MCommercial
  • Best Media Marketing Campaign of the Year – Pineapple
  • Best Product or Innovation Award – MyPineapple
  • Digital Innovation in a Brokerage

Ottawa Office Launch party – April 27th