Mike Atkinson, Mike Atkinson, Realtor at LPT- Toronto and GTA

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Can you believe we’re already heading into September? 🗓️That means the next Bank of Canada rate announcement is right ar...
08/31/2026

Can you believe we’re already heading into September? 🗓️

That means the next Bank of Canada rate announcement is right around the corner on Wednesday, September 2nd! Read on: NO TECHNICAL RECESSION

I’ll be keeping a close eye on it to bring you the full breakdown, but in the meantime, some surprising economic numbers just dropped that every buyer and seller should know about.

Canada’s economy grew at an annualized rate of 3.3% in Q2, marking its fastest growth since early 2023!

Quick Highlights:

📈 Exports leaped 15.1%, leading the economic bounce-back.
🛍️ Household spending rose 3.3%, showing consumers are still active despite uncertainty.
🏗️ Residential investment grew 10.4%, a solid sign of strength for real estate.
🔄 No technical recession: First-quarter GDP was revised upward to 0.3% growth.

What does this mean for mortgage rates?

While a strong 3.3% growth rate typically signals potential rate pressure, most economists expect the Bank of Canada to hold rates steady due to trade tensions and slower early projections for July.

The Bottom Line:

Don't make big mortgage decisions based solely on headlines or short-term predictions. The right path depends on your unique financial picture—from income and down payment to long-term goals and risk tolerance.

Reach out anytime to chat through options for your client's specific situation! 📲

Mike the Realtor

****Interest rates might stay steady for a while longer! 📉💡*****Here’s what’s happening with the Bank of Canada and inte...
08/25/2026

****Interest rates might stay steady for a while longer! 📉💡*****

Here’s what’s happening with the Bank of Canada and interest rates right now:

• Rates aren't jumping anytime soon: Big banks like Desjardins don't expect the Bank of Canada to raise interest rates until early 2027.
• The economy is doing okay: Stronger growth means the economy is holding up, but any future rate hikes are expected to be small and gradual.
• What it means for you: Rates should stay fairly stable for now, giving you breathing room to figure out your next step.

If you’re thinking about buying, renewing your mortgage, or trying to decide between a fixed vs. variable rate, you don't have to guess.

DM me or drop a comment below—I’m always happy to run the numbers and help you make the right move! 🏠👇

— Mike the Realtor

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Congratulations on your new home.You were receptive to our findings on buying a home in today's market, and it paid off....
08/25/2026

Congratulations on your new home.

You were receptive to our findings on buying a home in today's market, and it paid off.

You now have a piece of the rock.

Thank you for your input and for always hearing what I was saying.

You're the best.

Cheers to you.

Mike the Realtor

Congratulations to a dear friend. She sold and bought successfully, and yes, there were the usual worries, but we worked...
07/31/2026

Congratulations to a dear friend.

She sold and bought successfully, and yes, there were the usual worries, but we worked together to make it happen.

I wish her the best in her next forever home, well-deserved.

-Mike the Realtor

The Florida Snowbird Exit: Why Canadian Owners Are Cashing Out 🌴➡️🍁Florida’s real estate landscape is shifting fast. A s...
07/30/2026

The Florida Snowbird Exit: Why Canadian Owners Are Cashing Out 🌴➡️🍁

Florida’s real estate landscape is shifting fast. A staggering 54% of Canadian U.S. property owners plan to sell in the next year.
Here’s what’s driving the sell-off:

Political Tensions: 62% point directly to current U.S. policies and the political climate.

Financial Strain: A weak Loonie (~71¢ USD) means paying over $1.41 CAD for every U.S. dollar in taxes and HOA fees.

Global Uncertainty: With G8 leaders meeting amid strained international relations and looming warnings of a global recession, stability is key.

What does this mean for you?

Even if the U.S. political scene shifts, this market will take years to rebound. But there’s a silver lining: cashing out now allows you to lock in equity and bring your capital home—1 in 3 sellers plan to reinvest straight into Canadian real estate.

While local conditions lean toward a sharp buyer’s market right now, selling your home in Canada is still completely achievable with the right strategy.

Thinking of bringing your equity back home? DM me today to talk strategy! 📩

— Mike the Realtor

**1 minute read***CMHC just released its mid-year Housing Market Outlook, and they’ve adjusted their 2026 forecast to re...
07/27/2026

**1 minute read***

CMHC just released its mid-year Housing Market Outlook, and they’ve adjusted their 2026 forecast to reflect a softer market than originally anticipated.

Here is a quick look at what the numbers are telling us:

📉 National Sales: Projected to drop by 2.8% in 2026.

🏷️ Home Prices: The national average is forecast to dip slightly (-0.6%) to around $675,200.

📍 Ontario & B.C.: Expected to see persistent affordability pressure and quieter overall activity.

🏗️ Housing Starts: Expected to decline as builders adjust to higher costs and softer demand.

🔮 Looking Ahead: CMHC anticipates a gradual bounce-back starting in 2027 and 2028, though activity will likely remain below historical averages.

Here’s my take:
National statistics give us the macro picture, but real estate decisions happen at the micro level. Every neighbourhood and property type behaves differently.

A softer market isn't a bad market—it just requires a better strategy.

Buyers: You finally have breathing room to shop without the chaos.

Sellers: Strategic pricing and proper positioning are everything right now.

Whether you're looking to buy, sell, or simply want to know how this shifts your financing strategy or pre-approval limit, let’s connect.

Drop a comment below or send me a message directly—I’d love to help you navigate your next move. 💬👇

Mike the Realtor

📊 Deep Dive: What the Latest CUSMA News Means for Canadian Real EstateI’ve been diving into the latest updates surroundi...
07/06/2026

📊 Deep Dive: What the Latest CUSMA News Means for Canadian Real Estate

I’ve been diving into the latest updates surrounding CUSMA (the Canada-U.S.-Mexico Agreement), and it’s introducing a new layer of uncertainty for the Canadian economy that is definitely worth keeping on your radar.

The Breakdown
The U.S. has decided not to automatically renew CUSMA for another 16-year term. Instead, while the agreement remains fully in effect, Canada, the U.S., and Mexico will now enter into annual negotiations over the next decade.

While trade between our three countries continues uninterrupted for now, these ongoing yearly negotiations could create a ripple effect of uncertainty for businesses, major investments, and overall economic confidence.

Why does this matter to the housing market?

Economic uncertainty can subtly influence:
Buyer and seller confidence
Employment trends
Interest rate expectations
Overall housing demand

The Bottom Line: While there is absolutely no immediate impact on mortgage lending guidelines or current home purchases, markets historically react to prolonged uncertainty. This makes having a rock-solid, proactive financing strategy more important than ever.

Navigating the Market with Confidence
This is where planning ahead truly makes a difference. Whether you're a first-time buyer, looking to move up, investing, or considering a refinance, having a customized mortgage strategy before making an offer helps you navigate changing conditions smoothly.

Feel free to reach out anytime—I'm always here to help you make informed, confident decisions with the best experts in the industry! 💬👇

A huge congratulations to my wonderful designated clients on their recent sale and purchase!A lot of buyers are hesitant...
07/05/2026

A huge congratulations to my wonderful designated clients on their recent sale and purchase!

A lot of buyers are hesitant right now, but this couple proved exactly how to win in this market:

The Sale: Yes, selling right now might mean realizing a bit of a localized loss compared to past market peaks.

The Buy: Because they bought in the exact same market, they had the leverage to secure a phenomenal property for $10,000 under asking.

In a traditional seller's market, this home easily crosses the million-dollar threshold. Buying it below that is an absolute steal.

Thank you both for being such a pleasure to work with! 🍾

****SOLD******New Listing Alert in Whitby! 🚨Looking for your own little piece of heaven? Whether you're buying your firs...
06/28/2026

****SOLD******

New Listing Alert in Whitby! 🚨

Looking for your own little piece of heaven? Whether you're buying your first home, looking for a cozy space for two, or ready to downsize, 70 Tempo Way is a must-see.

Don't miss out on this fantastic opportunity!

👉 DM me or comment below if you'd like to schedule a private viewing.

— Mike the Realtor

https://www.realtor.ca/real-estate/29953092/70-tempo-way-whitby-brooklin

I am so proud to have worked with such a lovely family to help them move on up! 🏠✨ Now, the journey continues as we sear...
06/09/2026

I am so proud to have worked with such a lovely family to help them move on up! 🏠✨

Now, the journey continues as we search for their next dream home. Thank you so much—and you know exactly who you are! 🙌

– Mike the Realtor 👊💼

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