
CMI Financial Group rebrands business operations
New branding reflects firm’s renewed corporate vision as a leading non-bank financial services provider TORONTO – January 28, 2021 – CMI Financial Group (CMI), Canada’s premier private mortgage lender, announced today it has completed an extensive rebranding of its business groups to better reflect its unique value proposition as a leading provider of turnkey mortgage…
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CMI State of the Market: Canada’s Housing Market Caps Off Stellar Year on a Positive Note
December capped off a surprisingly strong year for Canada’s housing market, as record-high savings, low-interest rates, and changing consumer demand pushed home sales and prices to record highs. Although the market showed signs of cooling in the fourth quarter, December data confirmed that housing demand remains elevated compared with the historical average. Canada’s Housing Market:…
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CMI State of the Market: Home Sales Decline in November, but Historical Trend Remains Strong
Real estate activity weakened slightly in November, but remained elevated compared with year-ago levels, signaling once again that the Canadian housing market stands on solid footing. The outlook on the broader economy is somewhat mixed in the short-term as regions cope with a renewed surge in COVID-19 cases. Beyond the immediate term, however, relief appears…
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Assessing the Lending Climate During COVID
Real estate has been one of the biggest catalysts of Canada’s economic recovery from COVID-19. Strong pent-up demand, favourable interest rates and a rush to the suburbs have kept home sales and real estate values trekking upward for much of the latter half of 2020. For lenders, however, the pandemic has created a new and…
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The State of the Economy During COVID
It was a little over a year ago that a mysterious illness emerged from Wuhan, China, and altered the trajectory of our global economy. By almost every conceivable measure, the COVID-19 pandemic delivered a swift and massive shock to our system — one whose ripple effects are likely to be permanent. Both as a public…
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CMI State of the Market: Sales Activity Weakens in Toronto, but Overall Market Remains ‘Historically Strong,’ Says CREA
Canada’s housing market appears to have stabilized in recent months, though national sales activity remains above trend, signalling a continuation of the post-crisis recovery that began during the summer. For October, home sales rose in about half of all local markets, led by Montreal, major Alberta cities, and the Fraser Valley. Canada’s Housing Market: By…
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How Can Investors Position Themselves to Navigate the Enduring Effects of COVID-19?
With a record-breaking rise in COVID-19 cases, growing uncertainty around new restrictions, lockdowns, and economic setbacks has left many Canadian investors wondering how to navigate their way through the enduring effects of the pandemic. As of October 17, Canada had 196,321 confirmed or presumptive coronavirus cases. Meanwhile, south of the border, the US not only…
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