GTA Real Estate Market Sales Decline With Increase in Housing Mortgage Interest Rates in April 2022 The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact... [read more]

It's That Time of the Year but with a Difference - Be a Hero, Help a Hero! Hello, this is Manoj Arora from Ace Team Realty, your Real Estate Consultant for life. 2020 has been quite an experience for everyone. This holiday season is going to be different than what we're used to and unfortunately, due to the pandemic restrictions, I will not be able to see my clients this year. As much as I love playing my role as Santa, instead of investing in yearly calendars and goodies, I... [read more]

10 Ways to Give Back to Our Local Community This Holiday Season This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. It truly “takes a village” to keep a community functioning effectively, whether that’s by keeping our waterways clean, feeding the hungry, teaching our kids, or supporting small businesses. With the holidays right around the corner, December offers the perfect opportunity to give back to... [read more]

Is the Real Estate Market Going to Crash? While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether or not to put their houses on the market. However, those first days of uncertainty ushered in a... [read more]

Low Inventory of Homes for Sale Pushed Up Real Estate Prices by 19.3% in October 2021 in Mississauga, Brampton and Greater Toronto Area  Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to... [read more]