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]

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]

5 Secrets Buyers and Sellers Must Know About Virtual Home Tours For years now, virtual home tours have helped real estate buyers far and wide find the perfect home. From long-distance military personnel being relocated, to investors expanding their portfolio, to homeowners looking for a vacation getaway, this technology makes finding a house that’s a bit out of driving distance much easier. And for real estate agents, virtual tours have been a useful way to help buyers with their... [read more]

Effect of Covid-19 on Greater Toronto Area (GTA) Real Estate Market in March 2020 & Beyond                    TORONTO, ONTARIO, April 3, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019. However,... [read more]

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank also announced new measures to provide additional support to Canada’s financial system. The necessary efforts to contain the COVID-19 pandemic have caused a sudden and deep contraction in economic activity and employment worldwide. In financial... [read more]