Real Estate Information

Homes for sale in Mississauga and Brampton

Congratulations, you have found one of the most high tech real estate website which not only ranks very high in most of the search engines like Google but also is a great resource for all your real estate needs, whether you want to sell your home or search for your dream home in Mississauga and Brampton area.

Home Buying: If you are looking for your next home, be it a Condo apartment, detached, semi-detached or a town house, you can take advantage of our FREE Home search service at FindMyGTAHome.com, designed to help area Home Buyers find their dream home.

A Cutting Edge new high tech Automated On-Line System searches MLS records daily and Email the Home information directly to you, including addresses, prices and photos.

Home Selling: wondering about fair market value of your house? MyGTAHomeValue.com is a simple, automated and dependable Home Evaluation service. Complete the required information on your home and you will receive a COMPLIMENTARY Computer Analysis, indicating your home's Approximate present value on the market today. You will receive this information quickly, by email.

It's just that easy!!

Please call us now at 416-618-9753 or email us now

www.AceTeamRealty.com

Greater Toronto Area Homes Sales up 7% and prices up 5% in Mid April

Greater Toronto REALTORS® reported 4,557 transactions through the TorontoMLS system during the first two weeks of April 2012. This result represented an increase of almost seven per cent in comparison to the same period in April 2011. The number of new listings grew over the same period, but by a lesser annual rate than sales, which means market conditions tightened compared to last year.

"Competition between Buyers remained strong in many parts of the Greater Toronto Area during the first half of April, with many listings attracting a lot of attention. Strong competition meant that, on average, sellers priced within market value range received offers that matched their asking prices within three weeks," said Toronto Real Estate Board President Richard Silver.

The average selling price during the first two weeks of April was $506,954 – up by five per cent compared to the first half of April 2011. The annual rate of price growth was stronger in the GTA regions surrounding the City of Toronto.

"Growth in listings has not kept up with growth in sales. In the City of Toronto, new listings for low-rise home types during the first half of April were actually down compared to last year. This helps explain why some of the tightest market conditions in the GTA can be found within the ‘416’ area code," said Jason Mercer, TREB’s Senior Manager of Market Analysis. 

Don't miss the Spring Market - Home Prices increase by 11% in February 2012

Toronto, March 5, 2012 – Greater Toronto REALTORS® reported 7,032 sales in February 2012 – up 16 per cent compared to February 2011. New listings were also up over the same period, but by a lesser 11 per cent to 12,684. It is important to note that 2012 is a leap year, with one more day in February. Over the first 28 days of February, sales and new listings were up by ten per cent and six per cent respectively.

"With slightly more than two months of inventory in the Toronto Real Estate Board (TREB) market area, on average, it is not surprising that competition between Buyers has exerted very strong upward pressure on the average selling price. Price growth will continue to be very strong until the market becomes better supplied," said Toronto Real Estate Board President Richard Silver.

"It is important to note that both Buyers and sellers are aware of current market conditions. This is evidenced by the fact that homes sold, on average, for 99 per cent of the asking price in February," continued Silver.

The average Selling price in the TREB market area was $502,508 in February – up 11 per cent compared to February 2011. The Composite MLS® Home Price Index for TREB, which provides a less volatile measure of price growth compared to the average price, was up by 7.3 per cent compared February 2011.

"If tight market conditions continue to result in higher than expected price growth as we move into the spring, expectations for 2012 as a whole will have to be revised upwards," said Jason Mercer, TREB’s Senior Manager of Market Analysis. "While price growth remains strong, the average Selling price remains affordable from a Mortgage lending perspective for a household earning the average income in the GTA." 

Read the Complete Market Watch Report here

What 2012 has in store for Greater Toronto Area Real Estate Market?

Wondering, where this leap year is heading to with regards to the Real Estate Market as we approach the spring, one of the busiest time for Real Estate activity. Here's a video from Toronto Real Estate Board's Senior Manager, Market Analysis, Jason Mercer discussing the Current Market.

Hope you will get a good insight. Happy viewing!!

Manoj Arora, Broker of Record

www.AceTeamRealty.com

Mississauga, Brampton and Greater Toronto Area Real Estate Market going strong

TORONTO, February 16, 2012 – Greater Toronto REALTORS® reported 3,206 sales through the TorontoMLS® system through the first 14 days of February 2012 – up by more than nine per cent compared to the 2,933 sales reported during the same period in 2011. New listings were up by 13 per cent over the same period.

“The GTA resale home market became better supplied during the first 14 days of February. If growth in new listings continues to outstrip growth in sales this year, competition between home Buyers will ease. More balanced market conditions on a sustained basis would result in a lower annual rates of price growth later in 2012,” said Toronto Real Estate Board (TREB) President Richard Silver. 

The average selling price during the first 14 days of February was $491,493 – up by nine per cent compared to the first 14 days of February 2011. On average, sellers received 99 per cent of their asking price and their homes were on the market for an average of 25 days. 

“Both Buyers and sellers are aware of the substantial competition that exists for most listings in the GTA. There is not a mismatch in expectations, so homes sell quickly at close to the asking price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. 

Where's the Canadian Real Estate Market heading to?

Housing markets are expected to remain steady in 2012 and 2013, according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2012 Housing Market Outlook, Canada Edition¹.

“With the Canadian economy set to expand at a moderate pace and Mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011,” said Mathieu Laberge, Deputy Chief Economist for CMHC.

You can read the whole report at the CMHC website at:

http://cmhc.ca/en/corp/nero/nere/2012/2012-02-13-0815.cfm

Wishing you and your loved ones a very Happy Valentine's Day.

Manoj Arora

Greater Toronto Area Existing Home Sales Increased by 8.8 % in January 2012

Greater Toronto REALTORS® reported 4,567 sales through the Toronto MLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.

"A favourable affordability picture bolstered by very low posted fixed Mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership," said Toronto Real Estate Board President Richard Silver. "The buyer pool remains diverse in the GTA with strong Interest in home types across the pricing spectrum," continued Silver.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

"Low inventory levels have kept competition between Buyers strong, resulting in robust annual rates of price growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012," said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. 

Read the Complete Market Watch Report here

Bank of Canada maintains overnight rate target at 1 per cent

Press Release by Bank of Canada:

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR). The sovereign debt crisis in Europe has intensified, conditions in international financial markets have tightened and risk aversion has risen. The recession in Europe is now expected to be deeper and longer than the Bank had anticipated in October. The Bank continues to assume that European authorities will implement sufficient measures to contain the crisis, although this assumption is clearly subject to downside risks. In the United States, while the rebound in real GDP during the second half of 2011 was stronger than anticipated, the Bank expects the U.S. recovery will proceed at a more modest pace going forward, owing to ongoing household de-leveraging, fiscal consolidation and the spillovers from Europe. Chinese growth is decelerating as expected towards a more sustainable pace. Commodity prices – with the exception of oil – are expected to be below the levels anticipated in the October MPR through 2013.

Read the complete report at Bank of Canada's website at:

http://www.bankofcanada.ca/2012/01/press-releases/fad-press-release-2012-01-17/

Home Buyers can take advantage of the low Mortgage rates. If you are thinking of buying a house, refinancing or debt consolidation, this is the perfect time. The 3,4, and 5 years fixed rates are very low. Call us now at 416-618-9753. Please visit http://www.aceteamrealty.com/Buyer-Resources/Loan-Analysis for a quick quote or getting pre-approval of your Mortgage.

Still Renting? You can now buy your dream home with 0% down payment

Yes, this is not a misprint. You can now buy your dream home with nothing or little down payment. You might be a first time home buyer waiting to own your first home or might have owned a house before which you sold and are presently renting. In any case, you can get into  or re-enter the real estate market with absolute nothing or very little down payment. Why pay the Landlord's Mortgage payments when you can pay the rent amount toward's equity in your own house.

To take advantage of this great program, please visit our home loan analysis page on our website at www.aceteamrealty.com/Buyer-Resources/Loan-Analysis and provide us with little information to move toward owning your home.

Please also visit our home search site at www.FindMyGTAHome.com to tell us as to what kind of home your are looking for?