Second Wave of Mortgage Deferrals Coming

Second wave of mortgage deferrals due to COVID-19 will affect Ontario and BC the most.

More than 1.5 million Canadians (4% of the Canadian population) will likely ask for a second mortgage deferral in October 2020, and here’s why. Despite partial reopenings, spending on critical sectors is still down. Pre-COVID, 22% of Canadians were employed in these suffering sectors: retail trade (~11% of Canadians), accommodation and food services (~7%), arts (~2%), and real estate (~2%) industries! For RBC in Ontario and BC, that’s $8.5 billion of mortgages at risk! […]

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How to Find Your Top Prospects?

Targeting to find prospects in Toronto

Identifying potential customers can be a challenging and time consuming task. Taking a shot in the dark on who and where your targets results in less success when trying to close a prospect. Prospecting is further complicated by the fact that there are many options you can choose to search for your targets. Options range from search engines (be it LinkedIn or Google), to more high end solutions involving surveys and data analysis but these tend to be time consuming and challenging to execute. […]

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What is Location Intelligence?

Location Intelligence Pin on Map

Location intelligence refers to the insights gained from layering a variety of useful geographical information systems (GIS) tools (such as POIs, demographics, geofences, heat maps and thematic maps of variables of interest). Using the layered spatial data, as well as the trends and relationships that these tools offer, businesses can make informed decisions on where to offer their services or operate their business. Use cases include site selection, identifying new customers and markets, […]

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Release Notes June 3, 2020

Business professional using insights from the heat map that Polaris can create

If there was one word to summarize the highlights of this release, it would be “geography”. We added support for a more granular level of geography for Trade Areas and for Thematic Maps. We also added a new report, the “Geography Report”. Of course, in anticipation of a delayed patio season, we also squashed some bugs. We added support for the use of Dissemination Areas (DAs) as Trade Areas. DAs are much smaller than FSAs and a little larger than postal codes, as you can see […]

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Be Human: The Journey to Capture and Codify Human Emotions

RBC Slide for Presentation on how they leverage Manifold to create data driven emotionally intelligent products

We invited a nationally recognized partner, RBC, to share their experiences at the Conference on Big Data and Information Analytics at the Fields Institute at the University of Toronto. RBC is a large financial institution with many banking locations across Canada that deeply values the interactions between their customers and employees. RBC’s size presents it with challenges such as ensuring their customers always have a positive […]

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COVID-19 and Financial Wellness

Heat map and trade areas of spots in Quebec that are at high risk for mortgage defaults due to COVID-19

The province of Québec is leading Canada in terms of reopening its economy. What are some financial risks if household incomes in Québec don’t return to normal soon? Are there parallels to be drawn to the rest of Canada? Which areas are most impacted financially and what does this mean for Québec’s real estate market? We can create a simple potential mortgage default index in Polaris by multiplying the following variables: % Household income from employment, Average mortgage […]

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Zooming in on Market Insights: Why Do Postal Codes Matter?

Overlay of thematic map and heat map to show importance of granular postal code level data

Businesses and organizations looking to analyze their market and gain customer insight need to choose the geographic resolution of their statistical and demographic data. Any GIS analyst can tell you one geographic level of analysis may not be perfect for all questions, and there are many different options to choose from (CMA, CD, DA, FSA, Postal Code level, etc.). Many underestimate the value of postal code […]

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Release Notes May 4, 2020

Edge of computer and to do list

The Mapping Centre, Trade Areas, POIs, sharing custom reports, and Data Mining saw a number of improvements this release. In the Mapping Centre, you can now save a picture of your map as a PNG through our new download map feature! When creating trade areas, you can now use latitude and longitude instead of postal code to define the centre or other points! All of your customized reports can now be shared with Polaris users in your group with the click of a button! […]

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COVID-19 Hotspots: Finding high risk populations using Polaris

Heat map of vulnerable populations to COVID-19 in St. Catharines outlined by the CMA of the town

COVID-19 is quickly spreading and impacting an alarming number of people that come from different walks of life. The demographics of confirmed cases indicate that some groups are much more vulnerable to the virus than others. How can we find the communities which are most at risk? Is the distribution of the most vulnerable groups to COVID-19 geographically even? We use Polaris to tackle these questions. […]

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Insight, Plain Sight, Out of Sight

Longo's Intro slide for their presentation on how they use Manifold Data Mining for data analytics

We invited a sophisticated, well-esteemed partner, Longo’s, to share their experiences at the Conference on Big Data and Information Analytics at the Fields Institute at the University of Toronto. Longo’s is an independent, family-owned grocer with many locations across Ontario that has long known the value of data for growing their business. As a grocery retailer in a highly competitive field, they rely on effective data analytics to increase their understanding of their customer’s needs […]

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