Humber/Ontario Real Estate Course 4 Exam Practice

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Demographic data is available from many sources and can be helpful in understanding seller wants and needs. Which of the following is NOT a viable source of demographic information?

CMHC
Genworth Financial Canada
GeoWarehouse
Local Real Estate Board

The correct answer is: Local Real Estate Board

Understanding the various sources of demographic data is essential for comprehending the market dynamics in real estate. The local real estate board facilitates transactions and provides information about properties and market statistics. While it may offer insights related to transactions and listings, it typically does not focus specifically on broad demographic data such as population characteristics, socio-economic status, or trends. In contrast, organizations like CMHC (Canada Mortgage and Housing Corporation) and Genworth Financial Canada actively compile and analyze demographic information relevant to housing. GeoWarehouse provides geographic and demographic data that can aid in market analysis. Hence, while the local real estate board plays a critical role in real estate activities, it is not primarily a source of comprehensive demographic data.