GREATER TORONTO AREA HOME SALES AND LISTINGS DROP IN FEBRUARY 2023 Uptick in Home buying Expected Later This Year February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year. “It has been... [read more]

GTA Housing Market Prices Declined 9.2% While Real Estate Sales reduced by 48% in December 2022   The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada. “Following a very strong start to the year, home sales trended lower in the spring and summer of 2022, as... [read more]

2023 Real Estate Market Outlook (And What It Means for You) Last year, one factor drove the real estate market more than any other: rising mortgage rates.  In March 2022, the Bank of Canada began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and home prices have softened, as the primary challenge for buyers has shifted from... [read more]

You Don't Want to miss out on the Perfect Brampton Home This is a follow up on the requests I received from our Facebook page about the list of 4 BR 4 bath Detached homes in Brampton with finished Basement for sale under $1.5 Million. I sent out a list to you recently. In case you didn't get it, you can get the access here again> >>>Here is the list of currently available homes in Brampton for your review:<<< As you know the home prices have come... [read more]

What if we are not happy with the home we buy? Do you have similar feelings? It is natural to have this kind of thought when you are in the market to buy your home. Buying a home is a huge decision - one you literally have to live with! When you buy a home through The ACE Team, we strive to find you the perfect home  -- one you'll be happy with for years to come. You see, we have many unique systems especially for our buyers which allow us to quickly zero in on exactly what... [read more]