Humber/Ontario Real Estate Course 3 Exam Practice

Which is NOT a viable source of demographic data?

1. Canadian Mortgage and Housing Corporation (CMHC).

2. Provincial Statistical Bureau.

3. Real Estate Boards.

4. Genworth Financial Canada.

5. GeoWarehouse.

6. Local Municipal Archives.

The correct answer is: Genworth Financial Canada.

Genworth Financial Canada primarily operates as a mortgage insurer and is focused on financial services within the real estate market, rather than collecting or distributing demographic data on the population. Their primary purpose is to assess risk in mortgage lending, which typically does not involve the collection of demographic variables such as age, income levels, population distribution, and other characteristics used for analysis in real estate or urban planning. In contrast, the other sources listed are specialized in providing relevant demographic information. The Canadian Mortgage and Housing Corporation, for instance, offers various housing statistics and demographic insights that assist with understanding housing demand and trends. Similarly, Provincial Statistical Bureau conducts extensive surveys and analyses that yield demographic data crucial for various sectors, including real estate. Real Estate Boards often compile market statistics, which may include demographic trends affecting property markets. GeoWarehouse is a resource that provides land and property data essential for real estate analysis, and Local Municipal Archives hold historical and current demographic records that can aid in understanding community developments. Thus, while all these other options are essential for obtaining informative demographic data, Genworth Financial Canada does not serve this purpose effectively.