Real Estate News, Articles & Corporate Announcements

6/3/2023 | Posted in Home Buyers by Terra Realty
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A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey. ... More

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6/3/2023 | Posted in Recreational Properties by Terra Realty
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With a high number of Canadians expected to retire over the next few years, the trend of younger generations inheriting their family cottages will contribute to “major ... More

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6/3/2023 | Posted in Canadian Housing Market by Terra Realty
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Stable interest rates and a continued cooling in home prices helped give housing affordability in Canada its biggest jump in almost four years in the first quarter of 2023, ... More

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6/1/2023 | Posted in Commercial Real Estate by Terra Realty
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Commercial activity in multiple asset classes held steady in Q1 2023 even as markets continued to labour under higher borrowing costs and sustained inflationary pressures, ... More

Real Estate & Mortgage News

6/1/2023 | Posted in Financial Health by Terra Realty
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Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023. ... More

Real Estate & Mortgage News

5/31/2023 | Posted in Mortgages and Real Estate by Terra Realty
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While a large number of mortgage holders have seen their monthly payment rates jump over the past year due to rising interest rates, the Bank of Canada (BoC) says the impact could ... More

Real Estate & Mortgage News

5/29/2023 | Posted in GTA Real Estate by Terra Realty
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'A change in investor behaviour is on the horizon,' report says ... More

Real Estate & Mortgage News

5/29/2023 | Posted in Interest Rates by Terra Realty
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More

Real Estate & Mortgage News

5/26/2023 | Posted in Canadian Housing Market by Terra Realty
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Higher interest rates have not been an impediment to residential investors, new report says ... More

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5/26/2023 | Posted in GTA News by Terra Realty
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The Greater Toronto Area (GTA) new home market rebounded in April as sales levels started to return to “more traditional” levels, according to Altus Group and the ... More

Real Estate & Mortgage News

5/25/2023 | Posted in Financial Health by Terra Realty
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The federal housing agency has revealed the latest industry trends ... More

Real Estate & Mortgage News

5/25/2023 | Posted in Commercial Real Estate by Terra Realty
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Transactions for high-density land in the Greater Toronto Area are down over 50 per cent from 2022 according to Bullpen Research & Consulting Inc. and Batory ... More

Real Estate & Mortgage News

5/24/2023 | Posted in Mortgage Interest Rates by Terra Realty
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ... More

Real Estate & Mortgage News

5/23/2023 | Posted in Interest Rates by Terra Realty
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Housing market growth and persistent inflation challenges are hardening expectations of an increase ... More

Real Estate & Mortgage News

5/3/2023 | Posted in Commercial Real Estate by Terra Realty
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While overall transaction activity remains relatively slow, private buyers continued to be more active than institutional investors in the first quarter, according to ... ... More

Real Estate & Mortgage News

4/30/2020 | Posted in Anouncements by Terra Realty
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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

Real Estate & Mortgage News

4/30/2020 | Posted in Canadian HELOC by Terra Realty
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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

Real Estate & Mortgage News

4/27/2020 | Posted in Commercial Real Estate by Terra Realty
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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

Real Estate & Mortgage News

4/27/2020 | Posted in GTA News by Terra Realty
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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

Real Estate & Mortgage News

4/26/2020 | Posted in Canadian Housing Market by Terra Realty
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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

Real Estate & Mortgage News

4/22/2020 | Posted in GTA Real Estate by Terra Realty
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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

Real Estate & Mortgage News

4/22/2020 | Posted in GTA Real Estate by Terra Realty
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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

Real Estate & Mortgage News

4/22/2020 | Posted in Commercial Real Estate by Terra Realty
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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

Real Estate & Mortgage News

4/21/2020 | Posted in Canadian Housing Market by Terra Realty
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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

Real Estate & Mortgage News

4/21/2020 | Posted in Commercial Real Estate by Terra Realty
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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

Real Estate & Mortgage News

4/21/2020 | Posted in Canadian Economy and Housing Market by Terra Realty
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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

Real Estate & Mortgage News

4/17/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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

Real Estate & Mortgage News

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

Real Estate & Mortgage News