MortgageMatrix

MCAN Announces Strong Results, Raises Dividend, and Provides Business Update Toronto, Canada - MCAN Financial Group (TSX: MKP) reported impressive financial results, prompting a dividend increase and strategic updates. Highlights: Dividend Boost: MCAN's board approved a 5.4% increase in the regular cash dividend, bringing it to $0.39 per share for the first quarter. Strong Growth: CEO Don Coulter highlighted a 16% increase in diversified assets, nearing $5 billion, and a 21% growth in corporate assets, reaching $2.76 billion by year-end 2023. Thriving Sectors: Construction and commercial mortgages showed positive growth of 20%. Market Headwinds: Uninsured residential mortgage originations dipped due to economic and interest rate challenges. Renewal Rise: The company observed a rise in mortgage renewals, indicating customer loyalty. Credit Quality: An increase in impaired mortgages was noted, reflecting current market conditions. MCAN remains confident in its portfolio quality and default management strategies. Capital Management: MCAN successfully renewed its Base Shelf prospectus and at-the-market equity program, facilitating the issuance of new shares and supporting the Dividend Reinvestment Plan. Looking Forward: MCAN celebrates its achievements while emphasizing its commitment to long-term sustainable growth and maximizing shareholder value. The company is navigating the current market environment with a diversified portfolio, strategic capital management, and a focus on customer retention. Empower yourself and your clients with The MortgageMatrix's innovative tools and expertise. Visit The MortgageMatrix website: mortgagematrix.ca today to learn more about: Streamlined mortgage qualification processes Data-driven insights for informed decision-making Enhanced customer service and satisfaction Together with The MortgageMatrix, unlock new opportunities and achieve success in the ever-evolving mortgage landscape.

"Success is not final; failure is not fatal: it is the courage to continue that counts." - Winston Churchill These wise words ring true in all aspects of life, especially the dynamic world of mortgages. At The MortgageMatrix, Canada's Premier Data Driven Mortgage Solution Provider, we understand that the road to homeownership can have its ups and downs. Here's how we can help you through it all: Expert Guidance: Our experienced mortgage professionals will work closely with you to understand your unique financial situation and goals. Data-Driven Approach: We leverage cutting-edge technology to find the best possible mortgage options for you, increasing your chances of success. Unwavering Support: We'll be there every step of the way, offering support and guidance throughout the entire mortgage process. Don't let setbacks discourage you. With The MortgageMatrix, you have the courage and the tools to keep moving forward and achieve your dream of homeownership. Contact us today for a free consultation! #MortgageMatrix #Mortgages #Homeownership #Canada #Motivation #WinstonChurchill

It's Fri-yay, Canada! Mortgage madness got you down? We feel you. But hey, there's a better way! The MortgageMatrix can help you navigate the mortgage maze and find the perfect solution for your needs. Here's how we make your life easier: Powerful algorithm matches you with the best rates and lenders. Access to a massive network of lenders, all in one place. Your data is always secure, confidentiality is our top priority. Close more deals, save time, and finally unwind on a Friday! #TheMortgageMatrix #MortgageSolutions #MortgageBrokers #Canada #FridayFeeling Let's chat! DM us or visit our website to learn more.

Rejection is redirection, Canadian brokers! 🇨🇦 Someone saying "no" to a mortgage application doesn't mean your client's dream home is out of reach. It just means it's time to leverage The MortgageMatrix, Canada's premier data-driven mortgage solution provider! Empower yourself and your clients with: Unparalleled access to a vast network of lenders: Find the perfect fit for even the most complex situations. Data-driven insights: Make informed decisions with real-time market data and qualification tools. Streamlined workflow: Simplify the application process and close deals faster. Don't let "no" stop your success. Partner with The MortgageMatrix and turn rejections into results! Visit The MortgageMatrix website: mortgagematrix.ca today! #CanadianMortgages #MortgageBroker #RejectionProof #PoweredByData

YOU GET A MORTGAGE! And YOU get a Mortgage! EVERYONE GETS A MORTGAGE! Thanks to The Mortgage Matrix, Canada's Premier Data Driven Mortgage Solution Provider! #OprahOfMortgages #MortgagesForEveryone #TheMortgageMatrix #DreamHome #HomeownershipMadeEasy #Canada #Mortgages #FinancialFreedom #DataDrivenMortgages #WinWin

Desjardins Stops Mortgages in Flood Zones - Is Your Property at Risk? #mortgages #floodzones #Canada Climate Change and Rising Flood Risks Impacting Quebec Homeownership Nearly five years after devastating floods, Desjardins Group's decision to halt new mortgages for properties in high-risk flood zones presents a new challenge for Quebec communities. This shift reflects the growing concern around climate change and its impact on real estate. The Mortgage Matrix: Helping You Navigate a Changing Market In this ever-changing market, having access to the most up-to-date data is crucial. The Mortgage Matrix, Canada's Premier Data Driven Mortgage Solution Provider, empowers you to make informed decisions about your homeownership journey. Key Points: Desjardins will no longer offer new mortgages for properties in high-risk flood zones (as defined by flood maps). Existing mortgages with flood prevention measures may be eligible for up to 65% financing. Quebec's upcoming flood risk map update could impact many homeowners. Flood insurance limitations and rising water damage costs are driving the policy change. Considering Buying in Quebec? The Mortgage Matrix can help you assess flood risks and find the best mortgage options for your situation. Our data-driven platform provides valuable insights to ensure a smooth and secure home buying experience. Protect Your Investment. Contact The Mortgage Matrix Today! #climaterisk #floodpreparedness #QuebecRealEstate

Canadian Homeowners Feeling the Squeeze: Rising Rents and Mortgage Worries Canadian home prices may have shown a slight year-over-year increase in January 2024, but there's a growing concern among homeowners – can they afford their mortgages? Here's the key takeaway: Recent surveys indicate a significant portion of Canadians with mortgages (figures range between 35% and 67%) are worried about meeting their payments, especially when their mortgage renews. Why the worry? Rising interest rates are a major factor. This can significantly increase monthly mortgage payments, especially for those renewing. Rents are also on the rise, up 10% year-over-year, according to the report. This puts a strain on household budgets, making it harder to save for a down payment or manage other expenses alongside mortgage payments. What does this mean for the market? It's too early to say definitively, but affordability concerns could dampen future homeownership aspirations, impacting demand. Facing Mortgage Renewal Anxiety? The Mortgage Matrix can help! We're Canada's Premier Data Driven Mortgage Solution Provider, here to guide you through the complexities of the market and find the best mortgage options for your situation.

Feeling the post-holiday blues? Don't let rising rates get you down! March could be the perfect time to lock in a fantastic mortgage rate in Canada. 🇨🇦 The MortgageMatrix can help you compare hundreds of lenders and find the best option for your situation. Get pre-approved faster and with more confidence! Visit The MortgageMatrix website or contact us today to learn more. #MortgagesCanada #FixedvsVariable #BeatTheBlues #TheMortgageMatrix

Bank of Canada Holds Rate at 5%, Continues Quantitative Tightening Key Points: Bank of Canada maintains target overnight rate at 5%. Global economic growth is slowing down. Canadian economy grew modestly in Q4 2023, but below potential. Inflation eased to 2.9% in January, but core inflation remains elevated. Bank continues to expect inflation around 3% in the first half of 2024. Bank committed to restoring price stability and will adjust policy as needed. The Bank of Canada announced today their decision to hold the target overnight rate at 5%. They are also continuing their quantitative tightening policy to manage inflation. Globally, economic growth is slowing, but the US and Eurozone are showing some resilience. Inflation is also starting to ease in these regions. In Canada, the economy grew slightly in the last quarter, but it remains below potential. While inflation shows signs of cooling, underlying pressures persist. The Bank of Canada is committed to bringing inflation back down to its 2% target and will continue to adjust its policy as needed. #Canada #InterestRates #CentralBanks #Inflation #Economy

Toronto Real Estate: Signs of Recovery in February 2024 Market The Greater Toronto Area (GTA) housing market is showing signs of recovery, with both sales and new listings increasing in February 2024 compared to the same month last year and the previous month. While selling prices remain relatively stable year-over-year, there's been a slight upward trend on a monthly basis. This uptick comes despite ongoing challenges with higher borrowing costs. Experts believe buyers are adapting by: Saving larger down payments Choosing more affordable housing options Exploring different locations within the GTA Looking ahead, the market is expected to see further increased demand later in 2024 due to: Anticipated lower interest rates Continued population growth This could also lead to more first-time buyers entering the market, seeking ownership alternatives to high rental costs. The report also emphasizes the social impact of unaffordable housing and the need for solutions. It acknowledges positive steps like increased construction activity and government initiatives to streamline housing development. Source: https://lnkd.in/eMM955t #GTArealestate #housingmarket #Toronto #marketrecovery