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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…
Read moreCMI State of the Market: Canadian Home Sales Moderate Further in May
CMI State of the Market: Canadian Home Sales Moderate Further in May Canada’s housing market continued to rebalance in May, as sales declined for a third consecutive month and new property listings rose. The combination of central bank rate policy and affordability challenges was largely responsible for the decline in sales activity. Home Sales and…
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CMI State of the Market: Home Sales Moderate in April as Mortgage Rates Rise
Canadian home sales declined in April, as rising mortgage interest rates and other affordability challenges kept more homebuyers on the sidelines. Industry data shows that home prices may have peaked in urban centres such as Toronto, signaling the first major shift in market sentiment since the beginning of the Covid-19 pandemic more than two years…
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A Closer Look at MIC Investing: CMI’s Mortgage Adjudication and Selection Process
With tighter mortgage lending rules governing traditional banks, many Canadians are turning to private lenders to obtain their mortgages. Private mortgages fill a critical gap in Canada’s lending market, and represent an untapped investment opportunity. Mortgage Investment Corporations, commonly known as MICs, are investment vehicles designed specifically for mortgage lending. Although there are hundreds of…
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