As of
August 17, 2015
the Bank Prime Rate was 2.25%
Our market continues to hold steady. The average price last month was slightly higher than the previous month and the average days to sell a home is steady. This is all good news.
My personal observations for the Mississauga marketplace
continues to see that prices are firming up, meaning that they
are holding steady and even rising in some areas. Moderately of course, but stil, they are rising.
It will be interesting
to see what the next 2 to 3 months brings as
this is typically our strongest part of the year,
the "Spring Market!"
You
are reading the April newsletter
Greater
Toronto REALTORS® Reported 4,120 Resale Housing Transactions in February
Update
on interest rates, Bank
Prime rates dropped again and are at record levels
of 2.5%, read more, Bank
Rate
April
Report
March Resale Housing Results Bring Positive News
TORONTO, April 6, 2009 - 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 – up 36 per cent from the ten-year low reached in January.1
“Sales in March increased at a rate over and above what would be expected from the normal spring-time bump,” said Jason Mercer TREB’s Senior Manager of Market Analysis. “A greater number of households have taken advantage of increased affordability in the housing marketplace.”
1Seasonally adjusting TREB MLS® data removes recurring seasonal trends observed each year. For example, MLS® sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures.
If you would like more
information or have any questions or suggestions, please
email me at info@mississauga4sale.com
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