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Mortgage Professionals Canada

Lender Insights from the 2018 National Mortgage Conference

Mortgage professionals from across Canada descended on Montreal last weekend for the annual National Mortgage Conference.

Hosted by Mortgage Professionals Canada, the annual gathering was once again well attended, with about 1,200 participants and 60+ exhibitors at the Exhibitor Expo.

The two-day event featured a mix of educational sessions, industry updates, networking events and keynote speakers.

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Homes

43% of Canadian families have given up on the dream of a low-rise home

The majority of young Canadian families would prefer to live in a single detached home, but many have given up on the dream of ever being able to buy one.

In fact, 43 percent of families surveyed in a recent report from Sotheby’s International Realty Canada said that high detached home prices meant they had to settle for higher density housing.

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Buildings

Genworth MI reports “solid” business results, lower delinquencies

“We continue to enjoy solid business results this year, with another low loss ratio of 14% for the third quarter,” said Stuart Levings, President and CEO. “While housing markets continue to normalize, they are generally well balanced, and employment remains strong, which is positive for our longer term business performance. As part of our ongoing focus on capital efficiency, we are pleased to have completed another $50 million share buyback under our normal course issuer bid during the quarter, underscoring our view that business fundamentals remain strong.”

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Blog

Cannabis shortage compounding industry’s worries

Exceeding even optimistic estimates, Canadians’ demand for recreational marijuana in the wake of the October 17 legalization has reached stratospheric heights – enough for major producers and sellers to struggle hard to keep up.

According to the Ontario Cannabis Store, it received 100,000 orders in just the first 24 hours of its operation.

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