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Subscribe to Mark's valuable RE/MAX Real Estate newsletter You will receive useful Real Estate information for Mississauga and surrounding areas. Plus you will learn many tips and secrets when selling or buying your home, I will show you where to find the 'best' mortgage interest rates as well as provide you with timely information and a comprehensive overview of GTA price trends.
See them all Here
As of today, I have listings that you may be interested in and all the details and photos for them are located on my site at this listings page
I have rental properties that are located at this page
As of today, I have many listings that you may be interested in and all the details and photos for them are located on my site at this listings page
Outstanding condo near Square One for $219,900
1 Bedroom RENTAL UNIT at 4975 Southampton Drive in Churchill Meadows - Erin
Mills for $1125 per month
Outstanding Detached home on a private court near Cawthra and Queensway, in
Mississauga for $895,000 Now Sold!
Outstanding nearly New high rise condo located adjacent to Square One Shopping
Centre in 4080 Living Arts Blvd, downtown Mississauga - (follow the link
below to see pictures and more details for this property) within minutes
of schools, parks shopping, shopping centre, transportation and community
1 Bedroom RENTAL UNIT on Bay Street in Toronto! - vacant -$1500 per month -
See all my current listings for sale and for rent
2 bedroom Square One Condo $1550/month
Ovation II at Square One - 2 bedroom+Den, 2 Bathrooms! for $339,900! now
Absolute Townhome for rent, Burnhamthorpe and Hurontario $2000/month - others available
Beautiful 2 bedroom plus solarium condo at Square One $179,900 sold
Rental Properties in Mississauga
3 bedroom townhouse in Meadowvale $214,900 now sold
Excellent 4 bedroom 2 family room, 2800 square foot home in Central Erin Mills, $569,900 - email me for details! SOLD!
Churchill Meadows, Beautiful Townhomes, $304,900 sold!
Needed, more condos to rent at One Park Tower
These properties are all recently sold!
Outstanding Condo walk to Square One and Mississauga City Centre for $184,900 now sold
Semi Detached with an inground pool in the Homelands area asking $319,900 sold
The Absolute Complex, Townhouse for rent, all utilities included! Ultra Luxury for lease $2100/month available immediately no longer available, sorry
TODAY'S MORTGAGE INTEREST RATES
|| Royal Bank Posted Rates
|5 Yr Closed Variable
||Bank Prime + 0.000%
|5 Yr Open Variable
||Bank Prime + 1.000%
|Bank Prime 3.00%
NOTE: You can often negotiate a discount of 0.3 - .5% or more off posted rates.
"Best" Mortgage Rates
BANK PRIME RATE
March 19, 2015 the Bank Prime Rate was
The Bank of Canada announced no change in the bank rate, read more. On September 8th, 2010 the Bank of Canada increased the prime lending rate another .25% to make it 1.00%. and it has stayed at that amount since September 8, 2010. The Bank prime rate is 2% higher than this, so Bank Prime charged to the public is now 3%
The major banks in Canada charge their best customers 2% above the Bank of Canada Prime Rate, which means that the Bank Prime or Prime Rate that we see is now 3.00%
Bank Prime Rate means "best" and this is the rate that banks charge their absolute best customers for loans, which is usually only other lending institutions.
Changes in the Bank of Canada prime rate influence changes in other interest rates, including variable interest rate mortgages. This "bank rate" rate fluctuates based on economic conditions.
Some mortgage companies offer interest rates starting at Prime minus .1% (or more) as an incentive to borrow from them! These are known as "SUB PRIME" Mortgages and we know what happened in the US when too many sub-prime mortgages were given out in the mid 2000's One of the dangers with sub-prime mortgages is when they come due too early in the mortgage term and rates have increased, it's difficult to make the change to much larger payments. Read more about Sub-Prime Mortgages
For example, see the
Royal Bank Prime Rates
Bank of Canada Prime rates found here
Benefits of this timely newsletter:
In this Issue
April 2014 News
Greetings from Fabulous Mississauga!
- The Average price for last month was $557,684 (it was
$553,193 the previous month) and
this represents aver a 8.5% increase compared to the same
month last year- see
graph of prices here
- Sales volumes were 8,081, UP 7.2% from the same month in 2013
- The Bank of Canada Prime Lending Rate continues to be set at 3.00% read
The statistics for last month are out, the figures for previous month
are out and average GTA sale price and volumes continue to be at or
near all time highs, see
this page for latest market stats and results from the previous month
Mortgage Interest Rates are on the rise, read
Once again, last month was another very strong month for sales
and prices in the GTA.
TREB reports that the volume of sales was down but prices are up year
|2014 Average Monthly Price
|2013 Average Monthly Price
|The average selling price for 2013 as a whole
was $523,036, which represented an increase of 5.2 per cent
compared to the calendar year 2012 average of $497,130 - see
graph of prices here
|2012 Average Monthly Price
See seasonal fluctuations in average prices
As can be seen from the chart above, prices are still strong. Number of sales are down, but this could be due to reduced inventory.
See the full report from TREB below.
- There continues to be "pent up" demand and with such low inventories, anything that comes on the market that shows well and is priced well get's sold very quick.
- We expect the spring to continue have tight supply and prices should be up or about stable until end of the next quarter, stay tuned for all the results right here!
I hope this finds you healthy and happy!
All the best,
You are reading the latest newsletter
April News Report
Last months Resale Housing Results Show Healthy Market!
This is the latest monthly report for TREB for the average prices and the number of sales in previous month, both were very strong last month.
TorontoMLS Sales Up in February
Sales and Average Price Up in March
TORONTO, April 3, 2014 – Toronto Real Estate Board President Dianne
Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year
increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership
affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth.
A total of 8,081 sales were reported in March 2014 – up by 7.2 per cent
in comparison to March 2013. Sales growth was much stronger in March compared
to the first two months of the first quarter. Sales for Q1 as a whole were
up by three per cent compared to the first three months of 2013.
“Sales activity in the GTA accelerated last month. Compared to last
year, a greater number of buyers found affordable home ownership options, as
evidenced by sales
growth for all major home types. Against this backdrop, however, overall inventory
at the end of March remained lower than last year. This means competition between
buyers increased, which is why the average selling price continued to climb,” said
The average selling price for March 2014 sales was $557,684 – an increase
of almost eight per cent compared to the average reported for March 2013. The
average price for the first quarter of 2014 was up by 8.5 per cent year-over-year.
“With borrowing costs remaining low, and in fact declining, strong home
ownership demand will continue to butt up against a constrained supply of listings.
Strong price growth will be the result for the remainder of 2014. If the pace
of price growth experienced in the first quarter is sustained, TREB may revise
its outlook for the average selling price,” said Jason Mercer, TREB’s
Senior Manager of Market Analysis.
Read more reports on the Greater Toronto Resale Housing Market
Read the entire report at this page
Variable rates are now about Prime or just a little less at Prime MINUS about .1% to .2% or so, read more
Mortgage interest rates have dropped slightly over the past month or so, due to the bank rate increase. Bank of Canada is predicting rates will not increase again for some time, maybe mid 2013, read more
Any way you look at it, interest rates are at or near all time lows with bank prime at 3.00% , read more.
Our market continues to perform very well, prices are up and sales volumes are good. There are a good number of homes currently for sale in Mississauga, we need good homes to sell!
It will be interesting to see what the next few months bring as there seems to be a large amount of demand for properties in Mississauga and the GTA.
I predict that it will be a very strong market with more properties coming on the market in the next month or two giving a slightly larger selection to buyers.
Average prices will likely increase 2-5% over the next 2 months. Volume of sales will also increase every month in the next quarter, if you are thinking of buying now is the time to do it!.
Given our very fine weather this winter that is expected to continue for the next while, my observations for the Mississauga marketplace is that we continue to see that prices continue to be strong and increase quite substantially in many areas over the next few months.
If you would like more information or have any questions or suggestions, please email me at firstname.lastname@example.org I wish you and your family All the Best!
This Month's Stats
News and Real Estate
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