Real Estate News & Articles

5/17/2022 | Posted in Canadian Housing Market by Mike Turk
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After two years of red-hot market activity, higher borrowing costs are causing a cool down in Canada’s feverish real estate markets during the traditionally busy spring ... More

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5/16/2022 | Posted in Canadian Housing Market by Mike Turk
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The annual pace of new home construction in April surpassed analysts' expectations ... More

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5/12/2022 | Posted in Interest Rates by Mike Turk
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The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year. ... More

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5/9/2022 | Posted in Interest Rates by Mike Turk
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates. ... More

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5/8/2022 | Posted in Community by Mike Turk
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Where would we be without them. ... More

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5/4/2022 | Posted in GTA Real Estate by Mike Turk
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The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. ... More

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5/4/2022 | Posted in GTA Real Estate by Mike Turk
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Greater Toronto Area (GTA) new condominium sales reached their highest Q1 on record with 8,253 units sold, rising 55% year-over-year and exceeding the 10-year average (5,154 ... More

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4/26/2022 | Posted in Real Estate News by Mike Turk
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Canadian household budgets are being squeezed tight but buying a home remains on the wish list ... More

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4/26/2022 | Posted in Commercial Real Estate by Mike Turk
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Q1 2022: Heightened demand for industrial product persists, while office market availability reports slight uptick ... More

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4/25/2022 | Posted in Interest Rates by Mike Turk
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Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ... More

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5/3/2020 | Posted in Canada Living by Mike Turk
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Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday. ... More

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5/2/2020 | Posted in Canadian Economy and Housing Market by Mike Turk
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are saying. ... More

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4/30/2020 | Posted in Anouncements by Mike Turk
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Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More

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4/30/2020 | Posted in Canadian HELOC by Mike Turk
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Canadian banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for ... More

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4/27/2020 | Posted in Commercial Real Estate by Mike Turk
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Canada’s malls are facing a wave of skipped rents and could see vacancy rates triple by year-end, with the coronavirus poised to leave its scars on a fragile retail sector ... More

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4/27/2020 | Posted in GTA News by Mike Turk
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TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience and use. ... More

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4/26/2020 | Posted in Canadian Housing Market by Mike Turk
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The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. ... More

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4/22/2020 | Posted in GTA Real Estate by Mike Turk
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Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the ... More

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4/22/2020 | Posted in GTA Real Estate by Mike Turk
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Toronto home sales tumbled in the first half of April, down 69 per cent compared with the previous year, as the coronavirus pandemic led to an economic slowdown and a huge spike ... More

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4/22/2020 | Posted in Commercial Real Estate by Mike Turk
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Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus ... More

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4/21/2020 | Posted in Canadian Housing Market by Mike Turk
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More

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4/21/2020 | Posted in Commercial Real Estate by Mike Turk
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One quarter of small businesses can't make April lease or mortgage payments — and it won't get much better any time soon. ... More

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4/21/2020 | Posted in Canadian Economy and Housing Market by Mike Turk
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

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4/17/2020 | Posted in Mortgages and Real Estate by Mike Turk
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

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4/16/2020 | Posted in Canadian Housing Market by Mike Turk
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The outlook on the Canadian housing market: RBC ... More

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4/15/2020 | Posted in Canada Living by Mike Turk
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Nearly four-fifths of Canadians expect the economy to worsen over the next few months. ... More

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4/15/2020 | Posted in Canadian Economy and Interest Rates by Mike Turk
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More

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4/15/2020 | Posted in Canadian Housing Market by Mike Turk
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. ... More

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4/14/2020 | Posted in Canadian Housing Market Predictions by Mike Turk
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According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable through ... More

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4/13/2020 | Posted in Commercial Real Estate by Mike Turk
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The booming Greater Toronto Area has again taken top spot on the North American Crane Index, with the region hosting an astounding 27 per cent of the cranes counted in 14 of the ... More

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