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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.


In this session, our CEO, Shubha Dasgupta, takes us through the weekly Market Update. He kicks off the meeting with rate updates for Prime Lenders and Alt Lenders. Some economists now think the Bank of Canada rate could go twice as high as it was pre-pandemic.

The bank’s deputy governor told attendees at a monetary policy conference that an uptick in household debt was “worrisome” and that the bank was “prepared to act forcefully” to ensure inflation doesn’t run too hot for too long. Shubha states that the yield on the five-year bonds topped 2.5 percent for the first time since the pandemic this week, which is pushing fixed mortgage rates well above three and even four percent in response. Effective January 1st, 2023, the government is committing to providing comments within 45 days to any applicants for housing developments across all ministries.

Shubha highlights that the government is increasing the Non-Resident Speculation Tax rate to 20 percent, closing loopholes to fight tax avoidance and expanding the tax apply provincewide. He ends the call by answering all questions!

Resource Links

More Homes For Everyone
Non-Resident Speculation Tax
BC to impose cooling off period

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

FSRA License Renewal

If you haven’t renewed your license yet, please do so today – time is of the essence.
You have until March 31, 2022, to complete the Online CE course through CMBA, MPC or REMIC to renew your license. But remember, you need to send us your certificate of completion and we need to submit your renewal application before the March 31st deadline. If your renewal application is not submitted by the March 31st deadline, your licence will expire. So please do so now if you have not yet completed the course.

Frequently Asked Questions

Who has to renew? Everyone. We now are required to renew our license EVERY year.

What if I just got my license? Yes. All agents and brokers who currently hold a licence and would like to renew their licence must complete the mandatory CE course. This includes all new agents or brokers who obtained their licence before April 1st.

What happens if Pineapple has sent in my renewal application before March 31 but I have not heard back from FSRA? If your brokerage submits your renewal application by the March 31st deadline, you may continue to conduct business until FSRA makes a decision about your renewal.

1. Once you have completed the Renewal Course through REMIC, MPC or CMBA please send Diana Jendrasch the certificate of completion. Once received, the team at Pineapple will send out the renewal emails from the FSRA site. The email will come from the Licensing Compliance Unit <> The subject line will be “Last Name, First Name, License Number, 2487269 Ontario Ltd, Mortgage Agent/Broker” Please complete this link as soon as it’s received, providing FSRA with the answers to the required due diligence to renew. If there are no material changes to your profile, the renewal process is approximately 1-3 days. If there are material changes to your profile, the renewal process can take up to 2 weeks.

2. Once we receive notification that you’ve completed the link, we will complete the payment of your license renewal using the credit card we have on file. The total cost for renewal is $841. If you need to update the credit card on file please update the portal as soon as possible with your new credit card information and notify Diana once this has been completed. Any questions about payment please reach out to Daisy Mistry at

3. Pineapple will complete the final approval and enter your payment information. Your renewal application will go back to FSRA for final approval.
4. You will receive an email from FSRA that you have been renewed for another year!
NOTE: Please ensure your link and payment are completed no later than March 24, 2022, to ensure no disruption to your licensing. If you have any questions please reach out to Diana Jendrasch at