Real Estate Market

Your Monthly Real Estate updates by Manoj Arora

37% increase in new MLS Homes Listings in November 2017 resulted in 2% year over year drop in Real Estate Prices in Greater Toronto Area (GTA)

37% increase in new MLS Homes Listings in November 2017 resulted in 2% year over year drop in Real Estate Prices in Greater Toronto Area (GTA) 

TORONTO, ONTARIO, December 5, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016.

New listings entered into TREB’s MLS® System in November 2017 amounted to 14,349 – up by 37.2 per cent compared to November 2016, when the supply of listings was very low from a historic perspective.

Read the Complete Report Here on my Blog

  

 

The Bank of Canada maintained its target for the overnight rate at 1 %

The Bank of Canada maintained its target for the overnight rate at 1 %

The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.


The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, growth in the third quarter was stronger than forecast but is still expected to moderate in the months ahead. Growth has firmed in other advanced economies. Meanwhile, oil prices have moved higher and financial conditions have eased. The global outlook remains subject to considerable uncertainty, notably about geopolitical developments and trade policies.

Read the Complete Report Here on my Blog

Use your Home Equity to Help Achieve Financial Success!!

Use your Home Equity to Help Achieve Financial Success!!

Financial Literacy tip:

Use your home equity to help achieve financial success! Leveraging your equity to consolidate high-interest debt, finance a renovation, investment property or pay for your child's education is a great way you may be able to keep interest costs down.

No matter the reason talk to us to find out if you should use your home equity!

 

Finding a great mortgage can be stressful and time-consuming…But at CENTUM Canada, we've been successfully delivering the best rate for tens of thousands of satisfied clients for nearly a decade.

Finding the right mortgage for you is our business. We know which lenders have the best rates and we negotiate with multiple lenders at one time. What's more, we know the system and have the industry knowledge required to present a proposal for financing to lenders to successfully obtain mortgage financing, and we do all the paperwork. Plus, CENTUM Mortgage Professionals are compensated by the lenders, and in most cases we offer our services free of charge to our clients.

 

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Contact Information

Photo of Manoj Kumar Arora, Broker of Record Real Estate
Manoj Kumar Arora, Broker of Record
Ace Team Realty Inc., Brokerage
77 City Centre Drive, East Tower, Suite 501
Mississauga ON L5B 1M5
905-488-3101
1-888-355-3155
Fax: 1-888-443-3155

Contact Information

Photo of Manoj Kumar Arora, Broker of Record Real Estate
Manoj Kumar Arora, Broker of Record
Ace Team Realty Inc., Brokerage
77 City Centre Drive, East Tower, Suite 501
Mississauga ON L5B 1M5
905-488-3101
1-888-355-3155
Fax: 1-888-443-3155