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COVID-19 and the Canadian Mortgage Industry Events
Networking and relationship building are two things that are at the heart of the mortgage industry.
When the COVID-19 pandemic started and preventative measures were announced, including the importance of physical distancing, it became increasingly clear that we were going to bid farewell to in-person events – at least for a short while.
To date, some of the key industry events that have been cancelled or postponed include:
- The National Mortgage Conference which was going to take place from November 15-16, 2020 has been cancelled. The next edition of the conference will take place in Ottawa from October 17-18, 2021.
- The annual REALTOR® QUEST conference and trade show scheduled for May 27-28, 2020 has also been postponed. A new date is yet to be shared.
- Professional Development Symposiums organized by Canadian Mortgage Brokers Association – Ontario, have also been postponed. These events combine educational sessions with mini tradeshows to enable mortgage brokers to get access to knowledge and the latest tools.
- Mortgage Awards of Excellence have been postponed to January 28, 2021 and will be hosted at the Paramount Event Venue in Vaughan, Ontario.
So, what’s next? Well… Organizers Are Truly Going Digital now.
Even though many in-person events are cancelled, many associations and organizations are working towards creating alternative networking and educational offerings for the mortgage community in Canada.
Virtual events, for instance, have proven to be a great way of getting industry professionals together during these unprecedented times.
Teranet’s Market Insight Forum will be held in an online format this year. The forum will feature a number of virtual events focusing on topics that mortgage professionals have a keen interest in. These topics include how to identify and tackle fraud, the impact of COVID-19 on the housing market, insolvency trends, and forecasts for 2021 from industry experts.
Similarly, the Canadian Lenders Association has also moved its events online. The association recently hosted its 2nd Annual Open Banking Summit online to discuss how Canada can accelerate its fintech economy and how can the lending community engage with regulators to facilitate this process.
Mortgage Professionals Canada is also offering online courses to assist the mortgage community and hosting webinars to share the latest insights from industry experts. The recordings of these webinars are also available on their website for mortgage brokers who are keen to learn more.
Region-specific programs have also been created. For instance, Canadian Mortgage Brokers Association – British Columbia, has created webinars that feature panel discussions on topics like closing process and appraisal process during the pandemic.
Even though COVID-19 has impacted the traditional networking activities and events in the mortgage industry; organizations and individuals have found ways to work around it and continue to educate, network, and create connections.
Purview’s property solutions can help navigate a changing mortgage market. Discover how our tools can help you navigate through uncertainty by calling 1-855-787-8439 or visiting www.purview.ca.« Back to Blog