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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

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. “We expect the growth in prices, sales levels, and housing starts to moderate from recent highs, but remain elevated in 2022,” said Bob Dugan, Chief Economist for CMHC in the report.

The falling prices are consistent with the recently released Housing Market Outlook (HMO) from CMHC, which forecasts that Canada’s real estate market will moderate from historic highs experienced in 2021. Remember we were up 50% in 2 years, even a 30% drop brings us back to 2020 historically high levels.

Resource Links

GTA Prices Cooling
Economy Strong
Competition Still Tight
75bps Hike Next?

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

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