Real Estate News & Articles

2/2/2023 | Posted in Home Owners by Mike Turk
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As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they are ... More

Real Estate & Mortgage News

1/31/2023 | Posted in Condo Market by Mike Turk
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Multi-family housing sales in the GTHA continued its downward trend through the back half of 2022, with condo, townhouse and apartment sales levels all declining over 50 per cent ... More

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1/30/2023 | Posted in Interest Rates by Mike Turk
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While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction. ... More

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1/30/2023 | Posted in Canadian Economy and Housing Market by Mike Turk
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But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ... More

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1/28/2023 | Posted in Commercial Real Estate by Mike Turk
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The Greater Toronto Area office market saw its vacancy reach double-digit levels during Q4 2022 amid markedly increased caution among stakeholders, who are still awaiting clarity ... More

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1/27/2023 | Posted in Canada Living by Mike Turk
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Local officials and investigators say that the trend is especially apparent in two provinces ... More

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1/27/2023 | Posted in Canadian Housing Market Predictions by Mike Turk
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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity for 2023 and 2024. It’s predicting good news for the market in the coming year - ... More

Real Estate & Mortgage News

1/27/2023 | Posted in Canadian Economy and Interest Rates by Mike Turk
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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

Real Estate & Mortgage News

1/25/2023 | Posted in Canadian Economy and Interest Rates by Mike Turk
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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

Real Estate & Mortgage News

1/25/2023 | Posted in Mortgage News by Mike Turk
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Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association. ... More

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1/24/2023 | Posted in Interest Rates by Mike Turk
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The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal strategist. ... More

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1/20/2023 | Posted in Canadian Economy and Interest Rates by Mike Turk
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Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ... More

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1/19/2023 | Posted in Rental Market by Mike Turk
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New report highlights rent rate movements in major urban markets ... More

Real Estate & Mortgage News

1/19/2023 | Posted in Home Owners by Mike Turk
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An increasing number of Canadians appear to be tapping into their homes for extra cash. ... More

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1/16/2023 | 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 were up on a month-over-month basis in December 2022. ... More

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1/16/2023 | Posted in Canadian Economy and Interest Rates by Mike Turk
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"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More

Real Estate & Mortgage News

1/14/2023 | Posted in Canadian Housing Market by Mike Turk
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Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, the ... More

Real Estate & Mortgage News

1/13/2023 | Posted in Mortgage News by Mike Turk
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Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period. ... More

Real Estate & Mortgage News

1/13/2023 | Posted in Canadian Housing Market by Mike Turk
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National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ... More

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1/11/2023 | Posted in Canada Living by Mike Turk
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The federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. ... More

Real Estate & Mortgage News

1/11/2023 | Posted in GTA News by Mike Turk
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Municipalities in the GTA may see property tax hikes from 5% to 100% in the next year following the provincial government’s implementation of the More Homes Built Faster ... More

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1/11/2023 | Posted in Ontario News by Mike Turk
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Homeowners and renters in Ontario pay some of the most expensive fees across the country, but a few cities in the province have more affordable prices. ... More

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1/11/2023 | Posted in Commercial Real Estate by Mike Turk
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In a new analysis of the Canadian commercial real estate market, the firm sees some potential for investors despite economic headwinds ... More

Real Estate & Mortgage News

1/4/2023 | Posted in Foreign Buyers by Mike Turk
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Is federal policy the answer to the country's years-old housing affordability crisis? ... More

Real Estate & Mortgage News

1/4/2023 | Posted in GTA Condo Market by Mike Turk
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Price corrections, launch delays and changing expectations are marking the first quarter of this year, and developers may want to get rid of balconies to save costs this year. ... More

Real Estate & Mortgage News

1/3/2023 | Posted in Canada Living by Mike Turk
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New immigration numbers show Canada has again set a record for permanent residents, welcoming 431,645 new permanent residents in 2022. What are the effects of the current ... More

Real Estate & Mortgage News

1/3/2023 | Posted in Commercial Real Estate by Mike Turk
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The Greater Toronto Area multi-residential investment market markedly decelerated over the course of 2022, according to Avison Young. ... More

Real Estate & Mortgage News

1/3/2023 | Posted in Mortgages and Real Estate by Mike Turk
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Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ... More

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