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GREATER TORONTO AREA HOME SALES AND LISTINGS DROP IN FEBRUARY 2023

Tuesday Mar 7th, 2023

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February 2023 Housing Market Stats

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]

Lesser Property Listings & Stronger Demand for Home Ownership Resulted in 16.5% Increase in Real Estate Transactions in June 2023

Monday Jul 10th, 2023

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Lesser Property Listings & Stronger Demand for Home Ownership Resulted in 16.5% Increase in Real Estate Transactions in June 2023 TORONTO, ONTARIO, July 6, 2023 – Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. The seasonally adjusted average selling price and the MLS® Home Price Index (HPI) Composite benchmark were up compared to... [read more]

Same GTA Real Estate Story - Inventory Low, Sales Decline, Home Prices Further Up in February 2022

Friday Mar 4th, 2022

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Same GTA Real Estate Story -  Inventory Low, Sales Decline, Home Prices Further Up in February 2022   February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price... [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]

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Manoj Arora

Manoj Arora

Broker of Record

ACE Team Realty Inc., Brokerage

Transforming Dreams into Realty!!

77 City Centre Drive, East Tower, Suite 501, Mississauga, Ontario, L5B 1M5

contact@manojarora.com

(416) 618-9753

(905) 488-3101
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