Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino

This blog has moved

noreply@blogger.com (Mark Argentino) — Sun, 07 Mar 2010 05:37:00 +0000

This blog is now located at http://blog.mississauga4sale.com/.
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Blooger via ftp is changing, this is a test post

noreply@blogger.com (Mark Argentino) — Sun, 07 Mar 2010 04:33:00 +0000

Publishing on my blog and manyh others is changing, this post is a test post to see if the old ftp publishing is working and also serves as a marker.

See you soon on the other side!

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

March TREB results for February 2010 - Toronto Real Estate Board figures shows that our real estate market is very strong!

noreply@blogger.com (Mark Argentino) — Thu, 04 Mar 2010 14:26:00 +0000

This is the latest press release from the Toronto Real Estate Board and shows that our local market is very strong.

GTA REALTORS® REPORT FEBRUARY RESALE HOUSING MARKET FIGURES
TORONTO, March 3, 2010 –

Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009.

The average price for these transactions was up 19 per cent year-over-year to $431,509.

Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.

“Increases in existing home sales and average price were noted across the GTA in low-rise and high-rise home types. Similar rates of growth were experienced in the City of Toronto and surrounding 905 regions,” said TREB President Tom Lebour. “This suggests that first time, move-up and down sizing buyers are all active in the existing home marketplace.”

New listings also increased in February, climbing 24 per cent compared to the same month last year.

“Annual growth in new listings is expected to continue.

New listings growth will start to outstrip sales growth as we move through 2010,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As the market becomes better supplied, we will see more sustainable single-digit rates of price growth

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

If you are for rent and for sale at same time on MLS, does this hurt you?

noreply@blogger.com (Mark Argentino) — Thu, 04 Mar 2010 12:51:00 +0000

Another good question from an intersted reader

Hi Mark,

My question is this;

If a residential property is available for lease or sale, whichever occurs first, and is being handled by a real estate agent, is there a tendency for said agent to hold out and discourage the lease prospect if it occurred first in favour of a potential sale at a later date?

I would greatly appreciate a response from you.

Best Regards,

Frank

Hello Frank,

Good question. There is no easy answer to this question. There are many factors that this would depend upon, including the motivations of your listing agent. I've noticed that the agents showing properties may shy away from properties that are for sale and for lease as they may think the motivation of the seller is less on the sale. Again, there are many factors.

I like and prefer rental listings so it would not matter to me either way. I want to impress the client with my skills renting their property just as much as if I were selling their property.

Thank you,

Mark

Does bank remove appliances and chattels when a property sells under Power of Sale?

noreply@blogger.com (Mark Argentino) — Mon, 01 Mar 2010 12:21:00 +0000

Another good question about Power of Sale Properties

A reader wrote:

I am reading your Power of Sale information with interest. In the case of a home with the owner living in it, what happens with normal things that go with a house, for example appliances, window coverings, light fixtures?

Would those be stripped by the old owner, negotiated or left behind?

Thank you,

Allison

Hello Allison,

Thank you for your real estate inquiry. Every POS property is different.

Usually, the owner just abandons the property and leaves it as is. Most often the appliances, light fixtures and window coverings are present and stay with the property. If the property was a grow house, the appliances may have to be disposed of.

Since the owner is locked out of the property once the property is under power of sale, they have no method of 'legally' entering the property and recovering the appliances, so they almost always are there upon closing.

Usually, once a property has gone power of sale, the owner has moved out and on with their lives and trying to get back on their feet after or during this time they typically declare bankruptcy, but not always.

I've only seen one property under power of sale where the owner was still in the property. It was a unique situation where there was mortgage fraud involved, so the owner was not at fault and only stayed until closing. I've seen a few cases where there is a tenant present in the property and this seriously complicates the entire sale and also puts appliances and other chattels in jeopardy of being present upon closing or not.

The bank selling the property under POS will not warrant that the appliances (or any chattels) are included with the sale, but they will not remove them either. The bank wants the sale to go through, they write off any losses, may go after the previous owner for any deficit (as long as the owner has not declared bankruptcy) and move on.

I hope this helps. Please let me know if you have any other questions or if there is anything else I can help you with.

Thank you again for contacting me and I will do my best to help you with your real estate needs,

Mark

A. Mark Argentino

Do you want to receive Power of Sale listings?

Use this link if you have not already signed up to receive a daily list of new and changed Power of Sale Properties in the GTA

You can read all about Power of Sale Properties at this page.

Real Estate Toronto, Mississauga and GTA Market Analysis Explanation

noreply@blogger.com (Mark Argentino) — Sun, 28 Feb 2010 12:42:00 +0000

This is an explanation of real estate comparable market analysis in the Toronto, Mississauga and GTA

Market Analysis Explanation

This is an explanation and overview of this market analysis.

This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.

This market analysis is divided into three categories:

1. Comparable homes that are currently for sale

2. Comparable homes that were recently sold

3. Comparable homes that failed to sell

Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home.

Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.

This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
See seasonal housing patterns
Would you like me to send you a 2010 Calendar?

Are utilities included when you rent a townhouse in Toronto, Mississauga or the GTA?

noreply@blogger.com (Mark Argentino) — Sat, 27 Feb 2010 12:41:00 +0000

This is a frequently asked question:

Hi Mark

Could you tell me if this twonhouse property includes utilities?

Thanks
Karen

Hi Karen,

Utilities are extra on this property.

High-rise condos often include some or all utilities, but I've never seen a townhome that includes utilities. Some townhomes may include water/sewer.

Thank you,

Mark

Spring is in the air, well almost!

noreply@blogger.com (Mark Argentino) — Fri, 26 Feb 2010 17:52:00 +0000

Spring is in the air, well almost!

This is a great time to sell your home, once March roars in, we expect our market to get even faster and hotter than it already is, is it possible? You bet!

If you are thinking of selling in the next few months and would like to know your approximate value, please use my handy online form at this page: Complimentary & Quick Over-The-Net Home Evaluation ?

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

February, March or April, when is the Best Time To Sell your home in Mississauga?

noreply@blogger.com (Mark Argentino) — Fri, 26 Feb 2010 12:26:00 +0000

I had another good question from a reader:
Mark,

I am thinking to sell my home in Next couple of months. I live close to Derry/Mclauglin. What would be the best time to sell from now to June 2010 in terms of getting the best price.

Regards,

P.

Hello P.,

Thank you for your real estate inquiry. This is a very good question. Our current marketplace is very fast, properties are selling exceptionally well. Nobody knows how long this will last. With HST coming July 1st and many are predicting increasing interest rates in mid year, these two factors could slow our market.

Thus, the current 'wisdom' is to sell now rather than wait until May or June. If I were selling, I would sell now due to excellent market for sellers.

You may have seen this graph and information on my site, but certainly February/March are usually the best months of the year to sell:

http://www.mississauga4sale.com/Spring-Market-Best-Time-To-Sell.htm

http://www.mississauga4sale.com/TREBavg1995date.htm

If you have not purchased a property, this could impact your decision too. If you have not purchased, you can still sell now with a long closing.

If you are thinking of selling, would you like a Complimentary & Quick Over-The-Net Home Evaluation ?

Please let me know if you have any other questions or if there is anything else I can help you with.

Thank you,

Mark

Must see video on motivation and believing what you do

noreply@blogger.com (Mark Argentino) — Thu, 25 Feb 2010 11:35:00 +0000

An agent I know sent me this link to watch a motivating video on youtube.

Watch this only when you have 6 minutes of spare time. If you don't have the time today, make the time to watch it sometime today anyway.

This video really sums up what life is all about and how you can push yourself to limits that you never thought were possible and even surpass them.

This is why I always tell you to set your goals very high. The reason is that you will achieve your goals, eventually, as long as you work hard towards them.

Someone told me this saying or I read it somewhere and it stuck in my mind at an early age. As long as I can remember, I have always thought this way since I was about 20 years old (and I have even told you this phrase before):

"Whatever the mind can conceive and believe, it will achieve"

This is a super important concept in your life no matter what you do or attempting to do.

Whatever you think in your mind, whatever your self-talk is, over time you become what you think and believe. I have visualized owning small apartment buildings and investment real estate for many years, someone has to own them, why not me?

If you imagine that you are sitting in a boardroom of your own company and you are running the meeting and everyone else is listening to you and taking your advice and you are running the company, then it will eventually happen, guaranteed. If you imagine that you are in an operating room and you are the chief medical doctor doing micro-surgery on someone's brain while all the other doctors, nurses, staff and students in the gallery watch you perform the surgery because you are the worlds best micro surgeon, it will happen. If you visualize owning a 37 foot powerboat cruiser and sitting on a lake enjoying your time on the boat, it will eventually happen.

If you visualize your goal and work hard towards that goal and save your money that you would have otherwise spent on other items, eventually it will happen. If you visualize sitting down on a beach with warm breezes blowing over your face in January and February of every year when you are 53 years old, it will happen.

If you imagine and create very specific images of your goals in your mind at a young age, and you constantly work towards those goals and strive to reach your images in your mind, no matter what they are, and if you put in the effort and streamline your thinking and your everyday tasks towards that goal, you will eventually achieve your goal. It is inevitable. It is the law of the universe.

Whatever you imagine and conceive in your mind and believe in your mind, it will come true in your mind, and it will also become true in reality. This dream, vision, goal or conceived idea has to become reality because all you do is tell yourself that it will happen over and over and over again and all your do is work towards that goal and dream and it will eventually happen. It has to.

The video below will show you in dramatic fashion that it is your mind that blocks you from achieving your goals. If you let your mind believe you can accomplish your tasks and reach your goals AND you work towards those goals every day of your life, you will achieve them.

Whatever the mind can conceive and believe, it will achieve. It is inevitable! :-)

I truly wish you success and happiness in everything you imagine yourself doing and dare dream to do! :-)

Mark

http://www.youtube.com/watch?v=-vB59PkB0eQ

TD Canada Trust Latest Economic News

noreply@blogger.com (Mark Argentino) — Thu, 25 Feb 2010 00:47:00 +0000

This is the latest economic news from TD Canada Trust economics, they are
positive on the future, sounds good, enjoy!
Mark

February 2010

CANADIAN EXPORTS RISE ON U.S. INVENTORY RESTOCK, DEFICIT WIDENS AS DOMESTIC
ECONOMY STRENGTHENS

* Trade deficit widens to $246 million from $201 mil-lion on the back of a
1.7% gain in exports and 1.8% gain in imports

* U.S. demand drives Canadian exports for the third consecutive month on
massive inventory restock

Canadian international trade data for December indicated that exports grew
for the fourth consecutive month by 1.7%, while imports grew by a slightly
greater 1.8%. This caused the trade deficit to widen from $201 million to
$246 million. For the third consecutive month, the main driver of export
growth has been U.S. demand, in spite of all the talk sur-rounding its
subdued recovery.

Though, this was not surprising. U.S. GDP data for the fourth quarter
indicated that the American economy grew by 5.7% on an annualized basis and
suggested a widespread restocking of depleted inventories. This was likely
the main influence for such strong demand for Canadian exports. The trade
surplus specifically with the U.S. widened in December to $3.7 billion from
$3.4 billion in November on the back of a 2.9% and 2% gain in exports and
imports, respectively. Consistent with this notion is the fact that much of
the gains in exports to the U.S. were attributed to passenger cars, stocks
of which were heavily depleted following the Cash for Clunkers program that
ended last summer.

Total exports of passenger cars grew by an impressive 11.7% in December and
were, indeed, the main driver of the headline export figure. In fact,
exports in this sub-sector have already recovered fully to their pre-crisis
level. Other big gainers were machinery & equipment exports and energy
product exports which grew by 3.4% and 1.5%, respectively. On the import
side, the gains were broad based, but largely driven by motor vehicle parts
and crude oil imports which grew by 11.1% and 17.0%, respectively.

CANADIAN INTERNATIONAL MERCHANDISE TRADE

December-09

C$, Blns.

M/M %Chg.

Y/Y

.%Chg.

TRADE BALANCE (C$, blns)*

-0.25

VOLUME OF EXPORTS

VOLUME OF IMPORTS

--
--

0.7
1.8

-3.4
1.1

VALUE OF EXPORTS
Energy Products
Industrial Goods and Materials
Machinery $ Equipment
Automotive Products

32.2
--
--
--
--

1.7
1.5
-1.1
3.4
8.0

-8.0
13.0
-4.4
-23.7
-1.5

VALUE OF IMPORTS
Energy Products
Industrial Goods and Materials
Machinery $ Equipment
Automotive Products

32.4
--
--
--
--

1.8
5.4
2.9
-2.4
6.0

-9.1
2.9
-15.9
-19.1
9.6

*Previous month revised trade balance level
Source: Statistics Canada/Haver Analytics

December's figure rounds out the last quarter of 2009 in which the trade
deficit improved slightly from $18.5 billion in the third quarter to $17.6
billion at annual rates in the fourth quarter. Thus, net trade will add to
growth when fourth quarter GDP data is released later this month, but will
likely be a drag beyond that. Although the U.S. inventory readjust-ment will
continue, its pace will likely slow in the coming quarters; in addition,
heavy uncertainty remains regarding the state of global demand in the face
of an EU deficit crisis emanating from Portugal, Spain, and Greece. Thus
far, the latter turn of events has been putting downward pressure on the
Canadian dollar as a flight-to-safety mentality and questionable commodity
demand has dominated investor sentiment. The dollar is down more than 4%
since its recent peak hit in the middle of January and currently sits at
93.6 cents, thus improving overall export competitiveness

However, this is likely to be temporary. Talks of a Ger-man bailout have
already calmed investors and once senti-ment returns to looking at economic
fundamentals, strug-gling overall demand originating from the EU and the
U.S., our largest trading partners, and the strength in Canada's domestic
economy will likely drive currency investors back into the Canadian dollar
and inhibit overall export growth.

In spite of the fact that we lack any robust recovery in exports, which yet
sit 27.5% below its peak hit in July of 2008, we continue to expect the
overall economy to grow in excess of 3% on an annualized basis in every
quarter of this year with domestic demand the main contributor to that
growth.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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$600,000 is the Prediction for the average home price in the GTA by 2020

noreply@blogger.com (Mark Argentino) — Wed, 24 Feb 2010 15:56:00 +0000

We are in for another decade of growth in the GTA, Toronto and Mississauga Real Estate market.

If average prices increase by only 4% per year the average price in the GTA should be about $600,000 by 2020

See this graph: http://www.mississauga4sale.com/TREBprice.htm#prediction

I hope this finds you Happy and Healthy!

All the Best!

Mark

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
See seasonal housing patterns
Would you like me to send you a 2010 Calendar?

Low number of properties on the market in Mississauga, Toronto and GTA

noreply@blogger.com (Mark Argentino) — Wed, 24 Feb 2010 14:17:00 +0000

This is the latest press release from RE/MAX regarding the state of our market. There is certainly a low number of properties on the market in Mississauga and this will only fuel the market!
All the best!
Mark

Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

Mississauga, ON (February 24, 2010) - Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers. As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.

"There have never been so many motivating factors in play at once," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "We're in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close. The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies."

I hope this finds you Happy and Healthy!

All the Best!

Mark

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
See seasonal housing patterns
Would you like me to send you a 2010 Calendar?

Where can you find TAX Sale Properties?

noreply@blogger.com (Mark Argentino) — Tue, 23 Feb 2010 13:27:00 +0000

This is another question that I received about Tax Sale Properties, and of course my answer!

Hi Mark, I have a question, we are interested in Tax Sale Homes for our business could you send me listings for those? Thanks and have a great day Sam

Hi Sam,

We don't see too many Tax Sale Properties on the MLS. Some realtors may do this for a fee, but I don't know of any. Buying a tax sale property is a very involved process, plus you have to submit sealed bids or be at the actual auction, so it takes up much time and effort. I think this is partly why they end up being reasonable purchases.

With that said, almost every single tax property I've looked at has a major deficiency of some kind. For example, it may be landlocked, it may be a very long thin slice of property of not much use, it may be just barren rock or very swampy lowlands, or a slice of land adjacent to major highway or railway that is not of much use, or 50 acres in the middle of nowhere with only a logging road to it (something of nice use, but not too much value) I think you get the idea. I am not trying to be negative, just giving you my experience. With that said, there was a tax sale property of a detached home on Britannia about a year ago, I don't know if it sold or if the owner paid up the taxes, I will try and hunt it down for my information and if I find it, I will email you again.

If you are in Mississauga (or any municipality for that matter), I would go to the tax office at city hall to obtain the next sale of properties to see what it's all about and the process and then you can decide if this is something you want to pursue.

I wish you all the best with your Tax Sale Search.

Ratio of the number of sales to active listings for the West GTA zones, W01 to W28, Etobicoke, Mississauga, Brampton and west

noreply@blogger.com (Mark Argentino) — Mon, 22 Feb 2010 13:15:00 +0000

This graph clearly shows that the number of sales to active listings ratio for the West GTA zones, W01 to W28, Etobicoke, Mississauga, Brampton and west, is about 43% or so and indicates that 43% of all listings on the market are selling, much higher than the period back in the spring of 2009

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Number of days on the market before a property sells in the West Zones of the GTA, Etobicoke, Mississauga, Oakville west

noreply@blogger.com (Mark Argentino) — Sat, 20 Feb 2010 12:02:00 +0000

This graph shows you the number of days on the market before a property sells in the West Zones of the GTA, Etobicoke, Mississauga, Oakville west. It clearly shows that it takes about half the time to sell a property today versus a year ago, a dramatic change in the real estate marketplace indeed!

Current Mortgage Interest Rates

noreply@blogger.com (Mark Argentino) — Fri, 19 Feb 2010 14:40:00 +0000

This chart shows you the Current Mortgage Interest Rates and the obtainable rates.

TERM	POSTED	Achievable RATES*
6 Month	4.60%	3.50%
1 Year	3.65%	2.35%
2 Year	3.95%	2.90%
3 Year	4.30%	3.25%
4 Year	5.04%	3.69%
5 Year	5.39%	3.69%
7 Year	6.30%	4.95%
10 Year	6.50%	5.20%
Variable Rate		1.85%
Prime Rate		2.25%

I hope this finds you Happy and Healthy!

All the Best!

Mark

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
See seasonal housing patterns
Would you like me to send you a 2010 Calendar?

Number of single family residential sales over the past 12 months in the GTA and Toronto

noreply@blogger.com (Mark Argentino) — Fri, 19 Feb 2010 11:49:00 +0000

This graph shows you the number of single family residential sales over the past 12 months in the GTA and Toronto and clearly indicates that April, May and June period were the most active in the past 12 months

Breakdown of sales in the GTA and Toronto showing you which dwelling types sell more than others

noreply@blogger.com (Mark Argentino) — Thu, 18 Feb 2010 08:39:00 +0000

This figure shows you the breakdown of sales in the GTA and Toronto showing you which dwelling types sell more than others. It compares detached, semi detached, townhomes, condos, freehold townhomes, co-ops, links and detached homes. Detached homes continue to make up about 46% of all sales followed by highrise condominium properties making up 26% of all sales

Mortgage qualification changes in Canada

noreply@blogger.com (Mark Argentino) — Wed, 17 Feb 2010 15:51:00 +0000

The Bank of Canada announced some changes to the mortgage act in Canada

These changes affect the qualification rules

There are two types of buyers that the bank is attempting to address; buyers purchasing properties more than they can afford and investors flipping properties

The Bank of Canada feels there no definitive signs of a housing bubble , so they are slowing a 'NON' bubble.

How have they tightened the rules:

Buyers with less than 20% downpayment must show they can afford a 5 year mortgage
Investors must have minimum 20% downpayment

The changes take effect in mid April and some lenders may implement sooner

All the best!
Mark

Number of sales and average prices for the past 13 months for single family residential properties sold in the GTA and Toronto areas

noreply@blogger.com (Mark Argentino) — Wed, 17 Feb 2010 13:07:00 +0000

This chart shows you the number of sales and average prices for the past 13 months for single family residential properties sold in the GTA and Toronto areas

Single family residential average price in Toronto and GTA has nearly doubled in the past 10 years

noreply@blogger.com (Mark Argentino) — Tue, 16 Feb 2010 11:35:00 +0000

This graph shows that the single family residential average price for Toronto has increased and nearly doubled in the past 10 years

GTA and Mississauga active number of listings is down significantly

noreply@blogger.com (Mark Argentino) — Mon, 15 Feb 2010 13:05:00 +0000

This graph shows the number of active listings over the past year and indicates that although this number increased in January of 2010, it is still down compared to the previous 12 months. Another indicator of our very active marketplace!

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Number of sales, new listings, active listings and days on the market and compares these figures for January 2010 to January of 2009

noreply@blogger.com (Mark Argentino) — Sat, 13 Feb 2010 12:01:00 +0000

This chart shows the number of sales, new listings, active listings and days on the market and compares these figures for January 2010 to January of 2009. It's a nice snapshot showing that the market is far more active now compared to a year ago, that the number of active and new listings is down and that the average days on the market is down, all indications of a very fast market in the GTA

If you are currently looking to purchase, you know that this is exactly the case!

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Comparison of Toronto versus GTA average January sales and prices

noreply@blogger.com (Mark Argentino) — Fri, 12 Feb 2010 12:15:00 +0000

This graph shows the average prices and number of sales for the City of Toronto and the GTA and clearly shows that prices in the 416 area are significantly higher than the surrounding 905 regions in the GTA. There are more sales in the 905 area compared to Toronto, this makes intuitive sense since the 905 area is far larger than the city of Toronto

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com