Higher borrowing costs continued to impact home sales in GTA's Real Estate Market in June 2022

Friday Jul 8th, 2022

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Current Real Estate market Conditions to remain over summer of 2022

Higher borrowing costs continued to impact home sales in GTA's Real Estate Market in June 2022 Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market. The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis. The MLS® Home Price... [read more]

Increasing Real Estate Mortgage Rates Pulling Greater Toronto Area Housing to a more Balanced Market

Monday Jun 6th, 2022

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GTA Housing Market REport May 2022

Increasing Real Estate Mortgage Rates Pulling Greater Toronto Area Housing to a more Balanced Market   Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a monthover-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a... [read more]

Tight housing market conditions continued to support a double-digit annual pace of price growth in GTA Real Estate in March 2022

Tuesday Apr 5th, 2022

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March 2022 Housing Market Report

Tight housing market conditions continued to support a double-digit annual pace of price growth in GTA Real Estate in March 2022 TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price... [read more]

January 2022 Home Sales Dip from Last Year’s Record Result in Greater Toronto Area

Monday Feb 7th, 2022

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Jan 2022 GTA Housing Market Report

January 2022 Home Sales Dip from Last Year’s Record Result in Greater Toronto Area • There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent compared to 6,888 sales in January 2021. While sales were down substantially compared last year’s record result, the January 2022 result was the second best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022, but off... [read more]

October 2021 Sunday Fun Day Winner Announcement by Manoj Arora of Ace Team Realty

Friday Oct 15th, 2021

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Sunday Fun Day Winner Announcement for Oct 2021

October 2021 Sunday Fun Day Winner Announcement by Manoj Arora of Ace Team Realty     We are very delighed to announce the winner of our this month's Sunday Fun Day Quiz. The Winner gets $25 Gift Certificate from Amazon.ca.   The question this month was: What year was the very first iPhone released?   The correct answer is: 2007   Congratulations Winner - see the winner here!! ... [read more]

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