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CMI State of the Market: Home Sales Fall for a Seventh Consecutive Month
Canadian home sales continued their downward slide in September, reflecting a broad cooling trend that began earlier this year when the Bank of Canada (BoC) signaled its intent to begin raising interest rates. With policymakers focused on restoring price stability, it’s expected that interest rates will continue to rise heading into 2023. A higher BoC…
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Five reasons smart investors are choosing MICs
As market uncertainty continues and equity and fixed income investments generate less predictable returns, investors are increasingly looking to alternative investments as a means of generating compelling returns in their portfolios. Mortgage investment corporations, or MICs as they are commonly known, are a popular investment option because of the many benefits they offer. Let’s…
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CMI State of the Market: Canadian Home Sales Decline for a Sixth Consecutive Month – But Is There a Silver Lining?
August was another down month for Canadian real estate, as the pressures of rising mortgage rates and declining listings continued to weigh on the market. On a cautiously optimistic note, the broad market cooldown that began in the first quarter is showing signs of moderating even as the Bank of Canada (BoC) continues to aggressively…
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CMI State of the Market: Housing Activity Cools Across Canada
Canada’s housing retreat continued in July, as rising interest rates and declining demand continued to place downward pressure on local markets. While most regions are witnessing price declines, Ontario and parts of British Columbia are seeing the steepest corrections. Home Sales Moderate Further in July: CREA Canadian home sales were down again in July…
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North American Real Estate Market Trends
North America’s housing market had been running hot since the onset of the Covid-19 pandemic, as shifting labour market trends, demand for single-family properties and ultra-low interest rates fueled a generational surge in home buying. As attention now shifts to affordability, economists are debating the impact of rising interest rates on real estate demand. 2021…
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CMI State of the Market: Canada’s Housing Market Continues to Rebalance as Sales Drop in June
Canadian home sales declined for a fourth consecutive month in June, though the pace of declines moderated, signaling that local markets were gradually achieving balance following a surge in demand during the pandemic. Home Sales Fell in June: CREA Real estate transactions were down across most of Canada in June, with national home sales falling…
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Rigorous mortgage selection underpins the successful CMI MIC
Investing in a Mortgage Investment Corporation (MIC) is a great way to gain exposure to Canada’s real estate market. But how do you evaluate whether a MIC is well managed? One way is to understand the private mortgage adjudication and due diligence process, which plays a key role in minimizing investor risk. Elizabeth Wood, Executive…
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