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Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market

Friday Jul 16th, 2021

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Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market

Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market   Think buyers will pay whatever you want to set your list price for? 💸 You may be surprised! 😲 Don’t forget the bank will send an appraiser to determine the fair value for your house and will not lend more to the buyer than what it’s worth. Which can result in a strong offer fizzling out quickly. Whether you’re buying or selling, the appraisal is a major hurdle in a rapidly... [read more]

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board

Friday Jul 9th, 2021

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June 2021 GTA Real Estate Market Report

Upward Sales and Average Price Projected in Greater Toronto Area by Toronto Real Estate Board  New Research Shows Potential Land Transfer Tax Hike Would Hurt All Buyers and Sellers TORONTO, ONTARIO,  June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last... [read more]

How to Bridge the Appraisal Gap in Today’s Real Estate Market

Monday Jul 5th, 2021

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How to Bridge the Appraisal Gap in Today's Real Estate Market

How to Bridge the Appraisal Gap in Today’s Real Estate Market If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.  That’s because some sellers are finding out the hard way that a... [read more]

36 Luxury Condominium Residences at Mt. Pleasant & Eglinton, Toronto

Wednesday Jun 16th, 2021

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Residences on Keewatin Park

36 Luxury Condominium Residences at Mt. Pleasant & Eglinton, Toronto Residences on Keewatin Park is a luxury collection of 36 high-end, modern townhomes located at Mt. Pleasant and Eglinton. Spacious and stately, these suites range from 800 to over 2,000 square feet with configurations available from one to four bedrooms. Keewatin Stands Out in One of Toronto's Best Neighbourhoods Expansive Outdoor Living Private outdoor space is a rare amenity in midtown Toronto.... [read more]

Ontario Realtors Don't Want To Pay TRREB Fess Due by June 30?

Monday Jun 14th, 2021

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TRREB Fees are due by 30th June

Hello Ontario Realtors, Toronto Regional Real Estate Board fees are due by 30th June. Don't want to pay? Have you just completed your Real Estate Course 🧑‍🎓, but not ready to trade? Are you a Part-Time Real Estate Salesperson or Broker and want to take time off selling Real Estate? 🏖️ Are you going on a Maternity Leave? 🤰 Thinking of retiring from active Real Estate Business? But don't want to give up your Ontario RECO License? 🏠 🌟 GOOD NEWS!!... [read more]

Could Rising Home Prices Impact Your Net Worth?

Monday Jun 7th, 2021

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Could Rising Home Prices Impact Your Net Worth?

Could Rising Home Prices Impact Your Net Worth? Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making... [read more]

STRONG MAY 2021GREATER TORONTO AREA HOME SALES REMAIN BELOW MARCH PEAK

Thursday Jun 3rd, 2021

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STRONG MAY GTA HOME SALES REMAIN BELOW MARCH PEAK

STRONG MAY 2021GREATER TORONTO AREA HOME SALES REMAIN BELOW MARCH PEAK     TORONTO, ONTARIO, June 3, 2021 – Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area... [read more]

Realtors: Want to take time off your real estate business?

Tuesday Jun 1st, 2021

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Want to take time off your Real Estate Business

Realtors: Want to take time off your real estate business? Circumstances in life change and so do the career priorities. And that’s OK. Whatever the reason, you may have to take some time off your real estate business for a short period of time or for a longer duration. But you don’t want to lose your RECO Ontario Real Estate License nor do you want to incur unnecessary expenses like Real Estate Board Fees, OREA fee, CREA fee, Franchise fee and other... [read more]

Finding a New Home for Your Next Stage of Life

Monday May 10th, 2021

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Finding a New Home for Your Next Stage of Life

Finding a New Home for Your Next Stage of Life Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical. A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would feel stifling. For empty nesters, a large home with several unused bedrooms can become impractical to heat and clean. It’s no... [read more]

THE PACE OF GREATER TORONTO AREA HOME SALES SLOWS IN APRIL 2021

Wednesday May 5th, 2021

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GTA Real Estate Market Showing sign of slowdown

THE PACE OF GREATER TORONTO AREA HOME SALES SLOWS IN APRIL 2021 TORONTO, ONTARIO, May 5, 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported. GTA REALTORS® reported 13,663 sales through... [read more]

2 + 1 Bedroom Legal Basement apartment having separate entrance in Brampton is available for rent

Monday May 3rd, 2021

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2+1 Bedroom Basement Apt for Rent

2 + 1 Bedroom Legal Basement apartment having separate entrance in Brampton is available for rent   Very conveniently located near Williams Parkways and James P0tter area, with close proximity to Schools, shopping, Mount Pleasant Go Station and walking distance to bus stop. Apartment comes with 1 Parking and all utilities included and free wi-Fi.   Suits a small family who is willing to keep it like their own.     For more details and... [read more]

Can I Buy or Sell a Home Without a Real Estate Agent?

Monday Apr 12th, 2021

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Can I Buy or Sell a Home Without a Real Estate Agent?

Can I Buy or Sell a Home Without a Real Estate Agent? Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for homes in the most sought-after neighbourhoods. This has led some sellers to question the need for an agent. After all, why spend money on a listing agent when it seems that you can stick a For Sale sign in the yard then... [read more]

CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA IN MARCH 2021

Tuesday Apr 6th, 2021

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CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA IN MARCH 2021

CONSUMER CONFIDENCE AND LOW INTEREST RATES DRIVE UP HOMES SALES IN GTA IN MARCH 2021     For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy. GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for... [read more]

2 Bed + Solarium and 2 Bath Condo For Lease on Tucana Court in Mississauga, Ontario

Friday Mar 19th, 2021

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2 Bed + Solarium 2 Bath condo for rent in Mississauga

2 Bed + Solarium and 2 Bath  Condo For Lease on Tucana Court in Mississauga, Ontario 2 large Bedrooms + Solarium and 2 Full Washrooms with a beautiful view of the Square area in a well kept building which is so well connected to all the amenities, highway, groceries and transportation.   Available from April 01, 2021.   Asking Rent: $2300 per month - Tenants pay for Hydro.   Call me at 416-618-9753 to book your private... [read more]

BANK OF CANADA HOLDS ITS TARGET OVERNIGHT RATE

Wednesday Mar 10th, 2021

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Bank of Canada Holds Overnight Rate

BANK OF CANADA HOLDS ITS TARGET OVERNIGHT RATE The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The global economy is recovering from the... [read more]

MISSISSAUGA, BRAMPTON, GTA HOME AND CONDO SALES REACH NEW HEIGHTS FOR FEBRUARY 2021

Monday Mar 8th, 2021

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GTA Home and Condo Sales Reach New Heights for February 2021

MISSISSAUGA, BRAMPTON, GTA HOME AND CONDO SALES REACH NEW HEIGHTS FOR FEBRUARY 2021            Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs... [read more]

Is the Real Estate Market Going to Crash?

Tuesday Mar 2nd, 2021

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Is the Real Estate Market Going to Crash

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]

Toronto Regional Real Estate Board Forecasts Strong Demand in Housing Market in 2021

Wednesday Feb 10th, 2021

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TRREB Market Watch January 2021

Toronto Regional Real Estate Board Forecasts Strong Demand in Housing Market in 2021              The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its must-read Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest... [read more]

5 Inspiring Home Design and Remodelling Trends for 2021

Wednesday Feb 3rd, 2021

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5 Inspiring Home Design & Remodelling  Trends for 2021

5 Inspiring Home Design and Remodelling Trends for 2021 We’ve all spent a lot more time at home over the past year. And for many of us, our homes have become our office, our classroom, our gym—and most importantly, our safe haven during times of uncertainty. So it’s no surprise to see that design trends for 2021 revolve around soothing colour palettes, cozy character, and quiet retreats. Even if you don’t have immediate plans to buy or sell your home, we advise... [read more]

Thank you all, we did it!!

Tuesday Jan 26th, 2021

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Thank you for your kind Donations for Health Heroes

Thank you all, we did it. As, you will recall, before Christmas Holidays, I launched a fundraising campaign for our William Osler Health System foundation to help our front line healthcare workers in the Hospitals.  The 2nd wave of this Pandemic has been putting pressure on the resources of these hospitals. Many of you came forward and donated liberally for this cause and thank you so much. As I had mentioned that instead of investing in my annual calendars and holiday gifts... [read more]

RECORD DECEMBER HOME RESALES AND NEW RECORD IN 2020 AVERAGE SELLING PRICE IN GREATER TORONTO AREA

Wednesday Jan 6th, 2021

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Real Estate market Sets New Record in December 2020

RECORD DECEMBER HOME RESALES AND NEW RECORD IN 2020 AVERAGE SELLING PRICE       TORONTO, ONTARIO, January 6, 2021: Despite an unprecedented year due to COVID-19, including necessary public health restrictions and uncertainty surrounding the economy, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record. The average selling price reached a new record of almost $930,000. “The Greater Toronto Area housing... [read more]

New Year, New Home? Set Homeownership Goals Whether You’re Buying, Selling, or Staying Put

Monday Jan 4th, 2021

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New Year, New Home?

New Year, New Home? Set Homeownership Goals Whether You’re Buying, Selling, or Staying Put The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021. Home buyers, is this the year you work to improve your credit score, pay... [read more]

It's That Time of the Year but with a Difference - Be a Hero, Help a Hero!

Saturday Dec 19th, 2020

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It's that time of the year

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

Thursday Dec 10th, 2020

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10 Ways to Give Back to our Local Community

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]

The New Normal: A Strong Housing Market Expected to Continue into 2021

Tuesday Nov 3rd, 2020

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The New Normal: A Strong Housing Market Expected to Continue into 2021

The New Normal: A Strong Housing Market Expected to Continue into 2021 Circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages might have made you assume that the housing market would lose steam, but there is plenty of evidence to the contrary. As Canadian Real Estate Association (CREA) senior economist, Shaun Cathcart noted, “records [are continually] being broken” in the residential property market.1 Indeed, rather than a slowdown, we are... [read more]

Substantial Increase in Available Condominium Listings in Greater Toronto Area Result in about 10% drop in Rents during Q3 of 2020

Sunday Nov 1st, 2020

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GTA Condo Rental Market Listings are up

Substantial Increase in Available Condominium Listings in Greater Toronto Area Result in about 10% drop in Rents during Q3 of 2020 Toronto Regional Real Estate Board announced that Greater Toronto Area REALTORS® reported 14,036 condominium apartment rentals through TRREB’s MLS® System during the third quarter 2020. This was an increase of 30.2 per cent over Q3 2019. The number of condominium apartments listed for rent at some point during Q3 2020 was up by... [read more]

FREE September 2020 Report on Square One Mississauga Condo Prices

Thursday Oct 22nd, 2020

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FREE Sept. 2020 Report on Square One Condo Prices

FREE September 2020 Report on Square One Mississauga Condo Prices If you are curious about what your Square One Mississauga Conodminium may be worth, here's an easy way to find out what properties like yours are selling for in today's market. PLUS: Get a free report with up-to-the-minute statistics based on all the condos for sale and sold in the Square One area over the last six months in all price ranges. To get your free report on Square One condo prices, just fill... [read more]

2 Bedrooms + Den and 2 Washrooms Condo Apartment for Rent on 3695 Kaneff Cres. of Square One Area of Mississauga, Ontario, Canada

Wednesday Oct 21st, 2020

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2 Bedrooms + Den Condo For Rent in Mississauga

2 Bedrooms + Den and 2 Washrooms Condo Apartment for Rent on 3695 Kaneff Cres. of Square One Area of Mississauga, Ontario, Canada Welcome To 3695 Kaneff** Renovated 2 Bedroom + Den - Can Be Used As 3rd Bedroom & 2 Bath Spacious Corner Condo Unit In A Well Maintained Building** Renovated Kitchen, Stainless Steel Appliance** Newer Laminate Flooring Throughout** Renovated Bathrooms** Nicely Painted**Includes 1 Parking & Locker** Hydro Included In The Rent** 24 Hr Security. Fantastic... [read more]

1 Bedroom + Solarium Condo Apartment for Rent on 300 Webb Drive of Square One Area of Mississauga Ontario

Thursday Oct 15th, 2020

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300 Webb Drive Condominium

1 Bedroom + Solarium Condo Apartment for Rent on 300 Webb Drive of Square One Area of Mississauga Ontario     1 Bedroom + Solarium *Corner Unit * Approx. 800 Square Feet Of Spacious Living **Bright, Sunny, Clean**Brand New Laminate Flooring** Freshly Painted ** Great Facilities**Huge Solarium, Can Be Used As A 2nd Bedroom Too. https://aceteamrealty.com/300-webb-drive   All Just Steps To Theaters, Square One Mall, Shops, Celebration Square &... [read more]

New Record for the Month of September 2020 with Real Estate Transactions Jumping by 42.3% While the Home Prices Increase by 14% in Greater Toronto Area (GTA)

Tuesday Oct 6th, 2020

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September 2020 Record Real Estate Sales

New Record for the Month of September 2020 with Real Estate Transactions Jumping by 42.3% While the Home Prices Increase by 14% in Greater Toronto Area (GTA) TORONTO, ONTARIO, October 6, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September... [read more]

5 Secrets Buyers and Sellers Must Know About Virtual Home Tours

Thursday Oct 1st, 2020

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5 Secrets Buyers & Sellers Must Know about Virtual Home Tours

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]

Attention First Time Home Buyers: Need your own Place in Mississauga, Brampton and Greater Toronto Area?

Thursday Sep 17th, 2020

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Need Your Own Place?

Attention First Time Home Buyers: Need your own Place in Mississauga, Brampton and Greater Toronto Area? Tired of sharing rooms and can't wait to be in your own home? We can help. Just let us know where you would like to live (will take just a few minutes) and take advantage of our FREE Home Finder Service here: http://ownplace.findmygtahome.com/   Thank you for liking, subscribing and sharing our videos: YouTube::... [read more]

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent

Wednesday Sep 9th, 2020

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Bank of Canada

  The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Both the global and Canadian economies are evolving broadly in line with the scenario in... [read more]

August 2020 Yet Another Record Month for Real Estate Sales in the Mississauga, Brampton & GTA Area with 40% Increase in Sales while Home Prices Jump by 20%

Thursday Sep 3rd, 2020

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August 2020 Yet Another Record Month for Real Estate Sales in the Mississauga, Brampton & GTA Area with 40% Increase in Sales while Home Prices Jump by 20%  TORONTO, ONTARIO, September 3, 2020 – Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s... [read more]

Move-Up vs. Second Home: Which One Is Right For You?

Tuesday Sep 1st, 2020

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Move-Up or Second Home

Move-Up vs. Second Home: Which One Is Right For You?     The pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home.   According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if they no longer had to commute as often. Some of the top reasons were to... [read more]

Super Hot Greater Toronto Area (GTA) Real Estate Market Sales Jump by 29.5% and Home Prices Increase by 16.9% in July 2020

Thursday Aug 6th, 2020

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July 2020 GTA Home Sales up 29.5%

Super Hot Greater Toronto Area (GTA) Real Estate Market Sales Jump by 29.5% and Home Prices Increase by 16.9% in July 2020      TORONTO, ONTARIO, AUGUST 6, 2020 - Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis,... [read more]

Lowest mortgage Rates in History: What It Means for Homeowners and Buyers

Monday Aug 3rd, 2020

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Lowest mortgage Rates in History: What It Means for Homeowners and Buyers   The interest rate on Canada’s most popular mortgage, the five-year fixed rate, has fallen to its lowest level in history. In early June, HSBC made headlines when it began offering Canadians a five-year fixed-rate mortgage below 2%. Multiple brokers followed suit, and some are now advertising even lower rates.1 And while many Canadians have rushed to take advantage of this unprecedented opportunity,... [read more]

2 Bedroom + 2 Washroom Condo Apartment for Rent on 4185 Shipp Drive of Square One Area of Mississauga, Ontario, Canada

Wednesday Jul 29th, 2020

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2 Bedroom 2 Bath Condo Apartment for Lease in Mississauga, Ontario, Canada

2 Bedroom + 2 Washroom Condo Apartment for Rent on 4185 Shipp Drive of Square One Area of Mississauga, Ontario, Canada Sun-Filled, Spacious 2 Bedroom, 2 Bath Unit (980Sq Feet) In A Well Maintained Building. Spectacular, Unobstructed View Of Lake Ontario And Mississauga City Center. South-West Exposure. 24 Hr Security. Fantastic Location In The Heart Of Mississauga. Walking Distance To Square One, Public Transit, Bus Terminal. Minutes To Hwy 403 & 401. Great Amenities Include: Indoor... [read more]

Mississauga, Brampton and Greater Toronto Area (GTA) Real Estate Market Bounces Back with Increase in Sales and Home Prices in June 2020

Tuesday Jul 7th, 2020

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Toronto Real Estate Market Watch

Mississauga, Brampton and Greater Toronto Area (GTA) Real Estate Market Bounces Back with Increase in Sales and Home Prices in June 2020 TORONTO, ONTARIO, July 7, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally... [read more]

Add Value To Your Home With These 9 DIY Improvements

Wednesday Jul 1st, 2020

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Add value to your home

Add Value To Your Home With These 9 DIY Improvements   Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home.   The best part is, once you’ve secured the materials, most of these renovations can be completed over the course of a weekend. And they don’t require a lot of specialized skills... [read more]

CMHC Tightens Mortgage Insurance Rules Starting July 1

Friday Jun 5th, 2020

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CMHC Tighten Insured Mortgage Rules

CMHC Tightens Mortgage Insurance Rules Starting July 1 The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, 2020. The move would make it harder for riskier borrowers, who offer downpayments of less than 20 per cent to access CMHC's default mortgage insurance. CMHC is establishing a minimum credit score of 680 instead of the current 600, the group said in an emailed statement. It will... [read more]

How's the Mississauga Brampton & Toronto (GTA) Real Estate Market Now?

Thursday Jun 4th, 2020

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How' the Real Estate Market Now?

How's the Mississauga Brampton & Toronto (GTA) Real Estate Market Now? This is a very common question being asked to me these days. Traditionally, spring is one of the busiest times of the year for real estate. But the corona virus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. So I looked at today's market data and the sold properties in the Region of Peel, particularly Brampton area. Please... [read more]

Home Prices Hold Steady as Real Estate Sales Drop by 53.7% in May 2020 in Mississauga, Brampton and Toronto (GTA) Area

Wednesday Jun 3rd, 2020

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May 2020 Real Estate Sales Prices

Home Prices Hold Steady as Real Estate Sales Drop by 53.7% in May 2020 in Mississauga, Brampton and Toronto (GTA) Area TORONTO, ONTARIO, June 3, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for May 2020: TRREB MLS® System Sales and New Listings • Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7 per cent... [read more]

Bank of Canada maintains target for the overnight rate

Wednesday Jun 3rd, 2020

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Bank of Canada Maintains Overnight Rates

Bank of Canada maintains target for the overnight rate The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. Incoming data confirm the severe impact of the COVID-19 pandemic on the global economy. This impact appears to have peaked, although uncertainty about how the recovery will unfold remains high. Massive policy responses in... [read more]

Is Now a Good Time to Buy or Sell Real Estate?

Monday Jun 1st, 2020

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Is Now a Good Time to Buy or Sell Real Estate?

Is Now a Good Time to Buy or Sell Real Estate?   Traditionally, spring is one of the busiest times of the year for real estate. But the coronavirus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. In April, sales volume fell to its lowest level since 1984, according to the Canadian Real Estate Association.1   However, while sales have fallen, prices have remained stable. The average home price in... [read more]

HAPPY MOTHER'S DAY!!

Friday May 8th, 2020

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Thanks for Turning Our Houses into Homes

Happy Mother's Day!! Thank you all the moms for turning our Houses into Homes!! HAPPY MOTHER'S DAY!! For turning your DREAM to REALTY, contact Manoj Arora, Broker of Record Cell: 416-618-9753 Email: contact@manojarora.com Our FREE Home Finder Service: https://aceteamrealty.com/find-your-dream-home Want to know fair market value of your home: https://aceteamrealty.com/free-home-evaluation Thank you for liking and sharing our videos and post!! Facebook:... [read more]

Home Sellers Take their Properties Off the Market as Real Estate Sales Drop in Greater Toronto Area in April 2020

Tuesday May 5th, 2020

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April 2020 Real Estate Sales Transactions

Home Sellers Take their Properties Off the Market as Real Estate Sales Drop in Greater Toronto Area in April 2020 TORONTO, ONTARIO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020: Home Sales and Listings Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019.... [read more]

20 Ways to Save Money and Stretch Your Household Budget

Sunday May 3rd, 2020

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20 Ways to Save Money & Stretch Your Budget

20 Ways to Save Money and Stretch Your Household Budget These days, it seems like everyone’s looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month. Here are 20 things you can start doing today to lower your bills, secure better deals, and... [read more]

Detached Homes and Condominium Apartment Sales got affected the Most in GTA Real Estate Market in First half of April 2020

Wednesday Apr 22nd, 2020

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Average Selling Price April 1-17, 2020

Detached Homes and Condominium Apartment Sales got affected the Most in GTA Real Estate Market in First half of April 2020                              TORONTO, ONTARIO, April 22, 2020 – Toronto Regional Real Estate Board President Michael Collins is reporting results for the first 17 days of April 2020, in order to provide some guidance on the impact of COVID-19 on the Greater Toronto Area housing... [read more]

Bank of Canada maintains overnight rate target April 15, 2020

Wednesday Apr 15th, 2020

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Bank of Canada Rate Announcement

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]

Let’s lighten up a little bit and you may win this $50 Amazon Gift Card

Wednesday Apr 8th, 2020

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Let's Get Social

Let’s lighten up a little bit and  you may win this $50 Amazon Gift Card We’re all being encouraged to #StayHome as much as possible these days. Chances are you are spending lot of time on social media. So why don’t we connect on social media and in the process you can win $50 Amazon Gift card. It’s very simple. I am sure most of you are on Facebook. So visit my business Facebook page at https://Facebook.com/AceTeamRealty and you have to do 3... [read more]

Effect of Covid-19 on Greater Toronto Area (GTA) Real Estate Market in March 2020 & Beyond

Friday Apr 3rd, 2020

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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]

#StayHome: How to Create Functional Spaces in Your Home During the Coronavirus Outbreak

Monday Mar 30th, 2020

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#Stayhome

#StayHome: How to Create Functional Spaces in Your Home During the Coronavirus Outbreak Since the outbreak of the novel coronavirus (COVID-19), many of us are spending a lot more time at home. We’re all being called upon to avoid public spaces and practice social distancing to help slow the spread of this infectious disease. While it can be understandably challenging, there are ways you can modify your home and your lifestyle to make the best of this difficult... [read more]

Top 5 Home Design Trends for a New Decade

Monday Mar 2nd, 2020

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Top 5 Home Design Trends for a New Decade

Top 5 Home Design Trends for a New Decade Whether you’re planning a simple refresh or a full-scale renovation, it’s important to stay up-to-date on the latest trends in home design. Sellers who make tasteful updates can generate increased buyer interest and, in some cases, a premium selling price. And buyers should consider which features of a home will need updating immediately (or in the near future) so they can factor renovation costs into their overall budget. Even... [read more]

Ottawa unveils new mortgage stress test rules that will make it easier to pass

Tuesday Feb 18th, 2020

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Mortgage Rates

Ottawa unveils new mortgage stress test rules that will make it easier to pass On February 18, Minister of Finance Bill Morneau announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the stress test. The new minimum qualifying rate will be the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points. TRREB has long called for adjustments to the... [read more]

Take Advantage of Your Home Equity: A Homeowner’s Guide

Monday Feb 3rd, 2020

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Take Advantage of Your Home Equity

Take Advantage of Your Home Equity: A Homeowner’s Guide Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of homeownership have less crime and more civic engagement. Additionally, studies show that homeowners are happier and healthier than renters, and their children do better in school.1   But one of the biggest perks of... [read more]

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020

Wednesday Jan 22nd, 2020

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Bank of Canada Rate Announcement

Bank of Canada maintains overnight rate target at 1 ¾ percent - January 22, 2020 The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with... [read more]

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA)

Tuesday Jan 7th, 2020

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December 2019 GTA Sales Increase

Real Estate Market set to take off with 17% Increase in Sales and 12% Price Increase in December 2019 in Grater Toronto Area (GTA) TORONTO, January 7, 2020 - Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the... [read more]

2020 Outlook: Real Estate Market Forecast

Thursday Jan 2nd, 2020

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2020 Outlook: Real Estate Market Forecast

2020 Outlook: Real Estate Market Forecast After a two year slump, the future's looking bright again for Canadian real estate. Economists expect positive growth in the national housing market in 2020, supported by low mortgage rates, a solid job market, and a rising population. In fact, in a recent report, RBC Economics called 2019 a “turning point for Canada’s housing market.”1 To understand why—and where the market is headed—we take a closer look at... [read more]

Ontario Realtors Don't Want to Pay CREA and OREA Fees?

Saturday Dec 28th, 2019

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Park Your RECO License & Save Money

Ontario #Realtors Don't Want to Pay CREA and OREA Fees? OREA/CREA Fees are due by end of January 2020. But you may not be currently Active as Realtor and don't want to pay these fees. Here's a GOOD NEWS!! You can SAVE this money by Parking Your Ontario #RECO License with ACE Team Realty Inc., Brokerage. In addition, you also don't have to pay your TREB or any other Real Estate Board fee by Parking or Hanging your Real Estate License with our... [read more]

Home Sales Increase by 14.2% While New Real Estate Listings Decline During November 2019 in Greater Toronto Area

Wednesday Dec 4th, 2019

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TREB Market Watch November 2019

Home Sales Increase by 14.2% while New Real Estate Listings Decline During November 2019 in Greater Toronto Area  TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in... [read more]

Gifts and Gadgets for Every Room in the House

Sunday Dec 1st, 2019

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Gifts and Gadgets for Every Room in the House

Gifts and Gadgets for Every Room in the House Are you searching for new and innovative gift ideas this holiday season? If so, check out our list of the hottest home technology offerings. We’ve selected a few of our favourites for every room in the house. These smart systems and devices add comfort, convenience, and a “cool factor” that will delight your friends and family. So think about who you know that loves the latest gadgets … or add a few of these to... [read more]

Toronto to enforce new Airbnb regulations after tribunal rules in favour of stricter bylaws

Tuesday Nov 19th, 2019

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Toronto Short Term Rentals under new regulations

Toronto to enforce new Airbnb regulations after tribunal rules in favour of stricter bylaws A provincial tribunal has ruled in favour of Toronto's plan to put stricter regulations on the city's short-term rental market. The Local Planning and Appeal Tribunal (LPAT) made its decision Monday, nearly two years after the city first approved the bylaws. Under the rules, Toronto will require short-term rental operators to live at the home they list on sites such as... [read more]

Greater Toronto Area (GTA) Real Estate Market Gains Strength with 14% Increase in Home Sales in October 2019 over October 2018

Tuesday Nov 5th, 2019

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TREB Market Watch October 2019

Greater Toronto Area (GTA) Real Estate Market Gains Strength with 14% Increase in Home Sales in October 2019 over October 2018 Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home... [read more]

Charisma 2 South Condos by Greenpark: ONE DAY VIP SALE - Register Now to get first access of units of your choice!!

Saturday Nov 2nd, 2019

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Charisma2 South Condos Vaughan

Charisma 2 South Condos: ONE DAY VIP SALE - Register Now to get first access of units of your choice!! LOCATION Charisma2 sits steps from shopping, parks, highways, transit and more. Vaughan Mills; the 250+ store shopping hub of the city features designer stores, multiple restaurants, and a one-stop shopping experience. Getting around is ultra-convenient with access to highway 400, 407 and Jane street only minutes away. Commuting downtown but don’t feel like driving? The brand... [read more]

Another Success Story - SOLD Mineola Mississauga Luxury Home on Maplewood Road - yours Home could be Next!!

Friday Nov 1st, 2019

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SOLD Mineola Mississauga Luxury Property

Another Success Story - SOLD Mineola Mississauga Luxury Home on Maplewood Road  - yours Home could be Next!! Mineola: You may remember that not long ago your neighbours at 70 Maplewood Road put their house on the market with Manoj Arora, Broker of Record of Ace Team Realty Inc., Brokerage. Well, they got what they deserved, a buyer for their beautiful home!! They will be moving in a next little while and they are really excited about the move. Manoj has prepared a special report... [read more]

Selling your Greater Toronto Area (GTA) Home Doesn't Have to be a Nightmare!!

Monday Oct 28th, 2019

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Selling Your Home Doesn't have to be Nightmare

Selling your Greater Toronto Area (GTA) Home Doesn't Have to be a Nightmare!!   We can HELP!! http://bit.ly/2Jtv4FP NO TRICKS - ONLY TREATS!! In today's Real Estate Market Selling your house requires more than just listing on the MLS system. We will market your property to give it the maximum possible exposure till it is sold at the highest possible price. If you are thinking of Selling your home in the next couple of months or just curious about it's fair... [read more]

Is Buying a Home in Greater Toronto Area Driving you Crazy?

Sunday Oct 20th, 2019

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There is an Easier Way to Buy Home

Is Buying a Home in Greater Toronto Area Driving you Crazy?   There is an Easier way - WE CAN HELP!! http://find.findmygtahome.com/   FindMyGTAHome - Because You Have Better Things To Do! http://find.findmygtahome.com/ Fast. Easy. Automatic. FREE! Find My GTA Home is a FREE service to help Greater Toronto Area home buyers find their dream home.   No more having to rely on manual searched. Fill out the form and start your auto-email home search... [read more]

Greater Toronto Area Real Estate Sales jump 22% in September 2019 amongst decline in New Property Listings on MLS

Thursday Oct 3rd, 2019

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September TREB MLS Report

Greater Toronto Area Real Estate Sales jump 22% in Septemeber 2019 amongst decline in New Property Listings on MLS Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the... [read more]

Brand New Never Lived in Legal Basement apartment having separate entrance in Brampton is available for rent immediately

Tuesday Oct 1st, 2019

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Basement Apartment for Rent in Bramtpon

Brand New Never Lived in Legal Basement apartment having separate entrance in Brampton is available for rent immediately!!   Located in sought after Williams Parkway and James Potter area of Brampton, the apartment is built with care for a caring small family to call it a home.   This beautifully built basement apartment boasts of 2 spacious bedrooms and 1 modern bathroom, a very modern upgraded kitchen with stainless steel appliances, granite countertop and ceramic... [read more]

National Snapshot: How’s the Real Estate Market?

Monday Sep 2nd, 2019

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National Snapshot: How’s the Real Estate Market? The Canadian real estate market is heating up again! After a cooldown in 2018, economists predicted a modest rebound this year. However, the housing market has exceeded exurately track pricing trends across comparable homes—shows a slow but steady climb since January.1 Toronto-Dominion Bank Economist James Marple attributes the increase in housing prices and sales activity to positive economic fundamentals. “As they have in... [read more]

Greater Toronto Area (GTA) Real Estate Sales jump by 24.3% in July 2019 while Home Prices increase moderately by 3.2%

Tuesday Aug 6th, 2019

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Greater Toronto Area (GTA) Real Estate Sales jump by 24.3% in July 2019 while Home Prices increase moderately by 3.2% TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment. New... [read more]

5 Step Strategy for Downsizing Your Home

Friday Aug 2nd, 2019

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5 Step Strategy for Downsizing Your Home In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. In fact, the advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained... [read more]

Greater Toronto Area (GTA) Low Housing Inventory results in 10.4% increase in sales in June 2019 driven by Higher Density Market Segments

Thursday Jul 4th, 2019

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TREB Market Watch June 2019

Greater Toronto Area (GTA) Low Housing Inventory results in 10.4% increase in sales in June 2019 driven by Higher Density Market Segments TORONTO, July 4, 2019 – The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar... [read more]

Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget

Monday Jul 1st, 2019

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Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue. Whatever your reasons are for taking on a home improvement project, it’s wise to consider how the money you invest will... [read more]

Is your home ready for the big game?

Sunday Jun 9th, 2019

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Is your home ready for the big game?   http://bit.ly/2CskIT5  Need bigger GTA home - we will find your Dream Home!   FindMyGTAHome - Because You Have Better Things To Do! Sign up Now: http://bit.ly/2CskIT5 It's Fast, Easy, Automatic and FREE! Find My GTA Home is a FREE service to help Greater Toronto Area home buyers find their dream home. Your first email will list all homes currently available for sale that meet your... [read more]

Greater Toronto Area Real Estate Sales jump in May 2019 with home prices increasing 18.9% over May 2018

Wednesday Jun 5th, 2019

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TREB Market Watch

Greater Toronto Area Real Estate Sales jump in May 2019 with home prices increasing 18.9% over May 2018 TORONTO, ONTARIO, June 5, 2019 –Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for... [read more]

Greater Toronto Area (GTA) Real Estate Sales jump by 16.8% in April 2019 while home prices move up by 1.9%

Monday May 6th, 2019

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Greater Toronto Area (GTA) Real Estate Sales jump by 16.8% in April 2019 while home prices move up by 1.9% TORONTO, ONTARIO, May 6, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent... [read more]

Stunning Luxury Home for sale on Maplewood Road in Mineola, Mississauga, ON

Friday May 3rd, 2019

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Mineola Luxury Home for Sale

Stunning Luxury Home for sale on Maplewood Road in Mineola, Mississauga, ON OPEN HOUSE: SATURDAY MAY 11, 2019 2:00 - 4:00 P.M. This luxurious custom built home is nestled in your Mineola neighborhood, one of the Mississauga’s prestigious areas. This estate home is the epitome of comfort and tranquility. This amazing home rests on a beautiful yard that includes an in-ground, salt-water pool. Designed with spacious layout, this beauty boasts approximately 8000... [read more]

Greater Toronto Area (GTA) Real Estate Market sales remain flat in March 2019 while home prices hold amidst low listing inventory

Wednesday Apr 3rd, 2019

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Greater Toronto Area (GTA) Real Estate Market sales remain flat in March 2019 while home prices hold amidst low listing inventory TORONTO, ONTARIO, April 3, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1... [read more]

Improving Affordability Today: Support for First-Time Home Buyers introduced in the 2019 Federal Budget

Tuesday Apr 2nd, 2019

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Improving Affordability Today: Support for First-Time Home Buyers introduced in the 2019 Federal Budget To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation... [read more]

2 Bedroom + Den 2 Washroom Condo Apartment for Rent on 4460 Tucana Court in Mississauga, Ontario, Canada

Thursday Mar 7th, 2019

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2 Bedroom + Den 2, Washrooms Condo Apartment for Rent on 4460 Tucana Court in Mississauga, Ontario, Canada Stunning 2 Bedrooms+Den & 2 Baths Condo For Lease In Mississauga, Ontario At A Great Location Close To Major Highways, Square One Mall, Transit And Shopping. This Highly Upgraded Unit Provides Pure Comfortable Living. Large Solarium W/2 Walkouts. Gorgeous Modern Kitchen With Granite Counter-Top, Pot Lights & Granite Back-Splash . Imported Ceramics In Kitchen And Washrooms. 15 Mm... [read more]

In today's Real Estate Market Selling your house isn't as simple as you thought

Thursday Feb 21st, 2019

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In today's Real Estate Market Selling your house isn't as simple as you thought!! It requires more than just listing on the MLS system. We can HELP!! We will market your property to give it the maximum possible exposure till it is sold at the highest possible price. If you are thinking of Selling your home in the next couple of months or just curious about it's fair Market Value. please visit: https://aceteamrealty.com/free-home-evaluation and let us know about... [read more]

Greater Toronto Area (GTA) Real Estate Market may be finding it's support levels with both Home Sales and Prices increasing in January 2019

Thursday Feb 7th, 2019

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Greater Toronto Area (GTA) Real Estate Market may be finding it's support levels with both Home Sales and Prices increasing in January 2019 TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB's MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018. "It is encouraging to see the slight... [read more]

Low Condominium inventory results in strong 8.3% price increase in Q4 of 2018 in the Greater Toronto Area

Tuesday Jan 29th, 2019

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Low Condominium inventory results in strong 8.3% price increase in Q4 of 2018 in the Greater Toronto Area TORONTO, January 29, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 5,191 condominium apartment sales through TREB's MLS® System in the fourth quarter of 2018. This result was down by 9.9 per cent compared to the last three months of 2017. New condominium apartment listings entered into TREB's... [read more]

Tight Condo Rental Market results in substantial increase in Greater Toronto Area (GTA) Rents

Monday Jan 28th, 2019

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Tight Condo Rental Market results in substantial increase  in Greater Toronto Area (GTA) Rents TORONTO, January 28, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that, based on rental listings and transactions reported by Greater Toronto REALTORS® through TREB's MLS® System, rental market conditions remained very tight in the fourth quarter of 2018.  Average rents for one-bedroom and two-bedroom condominium apartments were up substantially on a... [read more]

The Bank of Canada holds its target for the overnight rate at 1 ¾ per cent

Wednesday Jan 9th, 2019

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The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent in 2019 from 3.7 per cent in 2018. In particular, growth in the United States remains solid but is expected to slow to a more sustainable pace through 2019. However, there are increasing signs that the... [read more]

Greater Toronto Area (GTA) Real Estate Sales drop by 16% while Home Prices were down 4.3% in December 2018

Saturday Jan 5th, 2019

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Greater Toronto Area (GTA) Real Estate Sales drop by 16% while Home Prices were down 4.3% in December 2018 TORONTO, January 4, 2019 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB's MLS® System in 2018.  This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017.  Total new listings entered into TREB's MLS® System... [read more]

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent

Wednesday Dec 5th, 2018

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The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion is moderating largely as expected, but signs are emerging that trade conflicts are weighing more heavily on global demand. Recent encouraging developments at the G20 meetings are a reminder that there are upside as well as downside risks around trade policy. Growth in... [read more]

Mississauga, Brampton & Greater Toronto Area Real Estate Sales Drop while Home Prices record slight growth in November 2018

Wednesday Dec 5th, 2018

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Mississauga, Brampton & Greater Toronto Area Real Estate Sales Drop while Home prices record slight growth in November 2018 TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to... [read more]

Greater Toronto Area Real Estate Market holds steady with Home Prices up by 3.5% in October 2018.

Monday Nov 5th, 2018

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Greater Toronto Area Real Estate Market holds steady with Home Prices up by 3.5% in October 2018 Greater Toronto, November 5, 2018 – Toronto Real Estate Board announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary... [read more]

Condominium Apartments record strong Rental Increase in Mississauga, Brampton and Greater Toronto Area in Q3 2018

Thursday Oct 18th, 2018

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Condominium Apartments record strong Rental Increase in Mississauga, Brampton and Greater Toronto Area in Q3 2018 TORONTO, October 18, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® continued to report robust average annual rent increases for condominium apartments during the third quarter 2018 compared to Q3 2017.  The overall number of lease transactions for condominium apartments was also up by 5.8 per cent... [read more]

Greater Toronto Area Real Estate Prices moved up by 2.9% in September 2018 amidst drop in Home Listings

Wednesday Oct 3rd, 2018

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Greater Toronto Area Real Estate Prices moved up by 2.9% in September 2018 amidst  drop in Home Listings TORONTO, October 3, 2018 -- Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB's MLS® System in September 2018 – up 1.9 per cent compared to September 2017.  The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786.  The MLS® HPI... [read more]

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