marketwatch: 48% Increase in new listings in Greater Toronto Area may help in cooling off the real estate market - 04/18/10 06:28 AM
48% Increase in new listings in Greater Toronto Area may help in cooling off the real estate market

With 4601 home sales reported by the Greater Toronto REALTORS® through the Multiple Listing Service® (MLS®) during the first two weeks of April, the resale real estate market in Mississauga, Brampton and Greater Toronto area records a 25 per cent increase compared to the 3,681 sales of resale homes recorded during the same period in 2009. New listings increased annually to 9512, a 48 per cent increase, which may help in cooling off the super charged red hot real esate market in Greater Toronto … (0 comments)

marketwatch: Brampton and Greater Toronto Area Resale Real Estate Market Resilient in 2009 - 01/08/10 03:48 PM
Brampton and Greater Toronto Area Resale Real Estate Market Resilient in 2009
January 6, 2010 -- Greater Toronto REALTORS® reported 87,308 MLS® transactions in 2009 - a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.
Please read the complete story and Market Watch Report on my blog at:
www.AceTeamRealty.com/blog
Thinking of selling your Mississauga or Brampton real estate and want to know the market value of your home, log on to www.MyGTAHomeValue.com … (0 comments)

marketwatch: Greater Toronto Area Real Estate Home Sales Remain Strong in November - 12/04/09 06:44 AM
Greater Toronto Area Real Estate Home Sales Remain Strong in November
December 3, 2009-- Greater Toronto REALTORS® reported 7,446 sales in November - slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008."This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006," said Toronto Real Estate Board President Tom Lebour. "Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the … (0 comments)

marketwatch: Greater Toronto Real Estate records 64% growth in October MLS Transactions - 11/04/09 10:46 AM
Greater Toronto Real Estate records 64% growth in October MLS Transactions
In October 2009, Greater Toronto REALTORS® reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 - up by 20 per cent compared to the same month last year.
  To see the detailed report, please visit my blog at http://www.aceteamrealty.com/blog.asp 
Manoj Kumar Arora, Broker of Record
Ace Team Realty Inc., Brokerage, 10 Kingsbridge Garden Circle, Suite 704, Mississauga, ON L5R 3K6
Cell: 416-618-9753
www.AceTeamRealty.com
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marketwatch: GTA Real Estate Market - Feeling Hot Hot Hot... - 10/07/09 10:51 AM
GTA Real Estate Market - Feeling Hot Hot Hot...
In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 - up by 10 per cent compared to the same month last year.
To see the detailed report, please visit my blog at
http://www.aceteamrealty.com/blog.asp 
To get a Profeesional Real Estate service for Buying or Selling your home, please contact:
Manoj Kumar Arora, Broker of Record
ACE Team Realty Inc., Brokerage
416-618-9753 (cell)
www.AceTeamRealty.com
(0 comments)

marketwatch: Strong Real Estate Sales Increases Continue in August in Mississauga, Brampton and Greater Toronto Area - 09/08/09 09:36 AM
Strong Real Estate Sales Increases Continue in August in Mississauga, Brampton and Greater Toronto Area
In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 - up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories of home buyers have chosen to make a long-term investment in housing, from first-time buyers to move-up buyers or buyers who are seeking … (0 comments)

marketwatch: GTA REALTORS® report resale record in July - 08/06/09 02:33 PM
TORONTO, August 6, 2009 - In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 - up by six per cent compared to the same month last year. 
"Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA," said TREB President Tom Lebour. "The real estate sector has been one of the sectors making a positive contribution to economic growth in the GTA, not to mention Ontario and Canada more broadly."
Year-to-date sales, at 50,632 are down … (0 comments)

marketwatch: GTA Resale Housing Market Posts Best June on Record - 07/09/09 12:01 PM
TORONTO, July 6, 2009 - - In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.(1)
"The record result in June is testament to the fundamentally sound housing market in the GTA," said the Toronto Real Estate Board's newly appointed President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region's affordable and diverse resale housing market."
Read the complete Story on my Website
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marketwatch: March Resale Housing Results Bring Positive News - 04/16/09 01:33 PM
In March 2009, Greater Toronto REALTORS® reported 6,171 sales - down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 - down less than five per cent from the same month last year.
"The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months," commented TREB President Maureen O'Neill. "In fact, over the past two months, the situation in the housing market has improved."
The seasonally-adjusted annual rate of sales increased to 65,600 in March … (0 comments)

marketwatch: Greater Toronto Area Reported 4,120 Resale Housing Transactions in February - 03/05/09 02:12 PM
TORONTO, March 5, 2009 - Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.
"A considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers, who were aware that market conditions changed over the past few months, were able to negotiate transactions acceptable to both parties," said Toronto Real Estate Board President Maureen O'Neill.
To see the detailed report, please visit my blog at http://www.aceteamrealty.com/blog.asp
(0 comments)

marketwatch: Rental Transactions Increase - 02/11/09 05:18 AM
Between September 1, 2008 and December 31, 2008, Toronto Real Estate Board (TREB) Members reported 3,433 rented condominium apartments and townhouses in the Greater Toronto Area.
This represented a 30 per cent increase over the 2,635 transactions recorded during the same time frame in 2007. A good part of this increase likely came from rental listings in newly completed condominium apartment buildings containing investor-owned units.
"The increasing strength of the rental market combined with low interest rates and reasonable home prices mean that now could be an excellent time to purchase an investment property," said Maureen O'Neill, President, Toronto Real Estate … (0 comments)

marketwatch: 2,670 Resale Housing Transactions in GTA in January - 02/11/09 05:11 AM
Greater Toronto REALTORS® reported 2,670 sales in January compared to 5,075 in the first month of 2008. "Demand for existing homes in the Greater Toronto Area moderated as the housing market followed the broader economic slowdown in Canada," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.
The average home price in the Greater Toronto Area was $343,632, compared to $374,449 last January. The median price was $303,000 compared to $319,000 last year. "Current selling prices are a reflection of more choice in the existing home marketplace," said Mercer. "At the same time, low mortgage rates have … (0 comments)

marketwatch: 2,500 GTA Housing Resales in December, 74,000 in 2008 - 01/20/09 12:42 PM
Toronto Real Estate Board Members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O'Neill announced today. "Sales for the whole of 2008 were 74,552, compared to the 93,193 recorded in 2007, and the 83,084 recorded during 2006."
The average price in December of 2008 came in at $361,415, compared to $394,931 in 2007, and $336,217 in December of 2006. For 2008 as a whole, prices averaged $379,347, compared to the $376,236 recorded in 2007, and the $351,941 average recorded in 2006.
The … (0 comments)

marketwatch: Over 3,600 Greater Toronto Area Resale Housing Sales in November - 12/04/08 01:56 PM
TORONTO, December 04, 2008 -- Greater Toronto REALTORS® recorded 3,640 transactions last month, from 7,313 sales in November 2007, Toronto Real Estate Board President Maureen O'Neill announced today. Year-to-date sales figures for the Greater Toronto Area show 72,086 transactions in 2008, from 88,695 sales recorded in the same January to November period a year ago. By contrast, the 2008 year-to-date average price in the GTA is $379,489, from $375,445 in 2007. "Its important for the public to understand that while sales activity has moderated in 2008, due to current economic conditions, the average price of homes has increased from 2006 still … (0 comments)

marketwatch: Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX - 12/03/08 07:05 AM
Recovery linked to economic stability next year
Global economic uncertainty weighed heavily on residential real estate activity in most major Canadian centres during the latter half of 2008.  Although the forecast for 2009 promises more of the same, most markets are expected to weather the storm, says RE/MAX. 
Housing market performance will clearly be contingent on economic performance at a local, provincial, and national level in 2009.  Issues affecting the overall economy are impacting housing markets across the country and the situation is not expected to be remedied until consumer confidence is restored.   If inventory levels remain stable, pent-up demand kicks … (0 comments)

marketwatch: Greater Toronto Area Resale Housing Moderate in September - 09/18/08 04:54 AM
September 17, 2008 -- The Greater Toronto Area's autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O'Neill announced today.
With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago. Compared to the 2,913 transactions recorded during the first half of September 2006, activity has declined six per cent.
In the City of Toronto, 998 sales were recorded, which represents a 23 per cent decline from the 1,297 transactions recorded in the first half of September 2007 and an … (0 comments)