Real Estate News & Articles

7/16/2024 | Posted in Commercial Real Estate by Jim Turnbull
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The bottom is in sight for commercial real estate valuations, though there’s probably more room for office values to continue their decline. ... More

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7/14/2024 | Posted in Financial Health by Jim Turnbull
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With interest rates and borrowing costs at elevated levels, it’s more important than ever to ensure your credit report is in good standing. ... More

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7/12/2024 | Posted in Canadian Housing Market by Jim Turnbull
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Activity in Canada's housing market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut at the beginning of the month. ... More

Real Estate & Mortgage News

7/11/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate ... More

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7/10/2024 | Posted in Rental Market by Jim Turnbull
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In June, the average rent price in Canada rose 7% year-over-year, marking the slowest growth rate in 13 months. ... More

Real Estate & Mortgage News

7/4/2024 | Posted in GTA Real Estate by Jim Turnbull
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June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year, according to the Toronto Regional Real Estate Board (TRREB) ... More

Real Estate & Mortgage News

6/28/2024 | Posted in Government and Regulation by Jim Turnbull
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Ontario is holding the annual rent increase guideline for 2025 at 2.5 per cent. This is currently the lowest rate in the country and below the average inflation rate of 3.1 per ... More

Real Estate & Mortgage News

6/25/2024 | Posted in First Time Home Buyers by Jim Turnbull
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More than one-third of first-time homebuyers in Ontario are getting help with their down payment and the average gift now tops $100,000, according to a report from CIBC. ... More

Real Estate & Mortgage News

6/23/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More

Real Estate & Mortgage News

6/21/2024 | Posted in Home Buyers by Jim Turnbull
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Many Canadian renters do not plan to purchase a home in the near future, with affordability challenges being a significant factor. ... More

Real Estate & Mortgage News

6/19/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More

Real Estate & Mortgage News

6/19/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More

Real Estate & Mortgage News

6/18/2024 | Posted in Commercial Real Estate by Jim Turnbull
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The new report analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends. ... More

Real Estate & Mortgage News

6/17/2024 | Posted in Canadian Housing Market by Jim Turnbull
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While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only a ... More

Real Estate & Mortgage News

6/16/2024 | Posted in Mortgage Interest Rates by Jim Turnbull
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Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly. ... More

Real Estate & Mortgage News

6/13/2024 | Posted in Government and Regulation by Jim Turnbull
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

6/8/2024 | Posted in Rental Market by Jim Turnbull
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Average rents across Canada are now up 32% from their pandemic lows. ... More

Real Estate & Mortgage News

6/7/2024 | Posted in Commercial Real Estate by Jim Turnbull
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While growing optimism has nudged some long-term developers off the sidelines with regards to land sales, there continues to be an overall impasse between buyers and sellers in ... More

Real Estate & Mortgage News

6/5/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More

Real Estate & Mortgage News

6/5/2024 | Posted in GTA Real Estate by Jim Turnbull
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May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity as home buyers are still waiting for relief on the ... More

Real Estate & Mortgage News

6/1/2024 | Posted in First Time Home Buyers by Jim Turnbull
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New home savings accounts have been used by 624,000 Canadians according to tax data, with a median deposit of $2,040. ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Home Owners by Jim Turnbull
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A recent study on Statistics Canada data shines light on trend ... More

Real Estate & Mortgage News

5/30/2024 | Posted in Government and Regulation by Jim Turnbull
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes. ... More

Real Estate & Mortgage News

5/29/2024 | Posted in Mortgages and Real Estate by Jim Turnbull
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Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More

Real Estate & Mortgage News

5/29/2024 | Posted in GTA News by Jim Turnbull
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About half of GTA residents say they would consider leaving to buy property in one of Canada’s more affordable cities, according to a new Royal LePage survey. ... More

Real Estate & Mortgage News

5/29/2024 | Posted in Financial Health by Jim Turnbull
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A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household ... More

Real Estate & Mortgage News

5/25/2024 | Posted in Toronto Real Estate by Jim Turnbull
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Move will open up housing options and build density ... More

Real Estate & Mortgage News

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