Mortgage Data Standards Technology, business and policy joining forces to advance the industry


In this report, we analyse the potential impact of initiating a system of data standards in the Canadian mortgage industry. Based on findings from various reports commissioned by CMHC and other literature, we find that the development of a mortgage data standards framework in Canada represents a potential net benefit to all industry participants, by:

  • generating operational efficiencies of at least $4 billion annually; 
  • accelerating digitization and the future of mortgages with a foundation for innovation development and easier technology adoption;
  • reducing mortgage funding costs by increased investor confidence; and
  • enabling the full potential of advanced analytics for business development.

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