Humber/Ontario Real Estate Course 3 Exam Practice

Which entity is NOT involved in the real estate industry but could provide helpful demographic information?

1. CMHC

2. GeoWarehouse

3. Local Real Estate Boards

4. Genworth Financial Canada

5. Statistics Canada

6. Property Appraisal Companies

The correct answer is: Genworth Financial Canada

The entity that would not typically be involved in the day-to-day operations of the real estate industry but could still provide valuable demographic information is Statistics Canada. This organization is crucial for gathering, analyzing, and disseminating statistical data about the Canadian population, economy, and society. Their extensive data sets can offer insights into demographic trends, which can be invaluable for market research, policy making, or economic analysis in real estate, even though they do not directly participate in the industry itself. The other entities listed are directly involved in various aspects of the real estate market. For instance, CMHC provides mortgage insurance and insight into housing trends, while Local Real Estate Boards facilitate real estate transactions. GeoWarehouse is a resource for property information, and Genworth Financial Canada offers mortgage-related services. Property Appraisal Companies conduct valuations that are essential for transactions. Hence, all these entities play active roles in the real estate sector, unlike Statistics Canada, which solely provides demographic data.