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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.

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FEATURE HOMES

Great Value
See them all Here

Feature Homes
Excellent Homes


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

FEATURE HOMES

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

 

Click here to see inside photos for this property
Outstanding condo near Square One for $219,900

 

Click here to see inside photos for this property
1 Bedroom RENTAL UNIT at 4975 Southampton Drive in Churchill Meadows - Erin Mills for $1125 per month

Click here to see inside photos for this property
Outstanding Detached home on a private court near Cawthra and Queensway, in Mississauga for $895,000
Now Sold!

 

Click here to see inside photos for this property
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 center $1700/month

Click here to see inside photos for this property
1 Bedroom RENTAL UNIT on Bay Street in Toronto! - vacant -$1500 per month
- now rented!

Click here to see inside photos for this property
See all my current listings for sale and for rent

 

Click here to see inside photos for this property
2 bedroom Square One Condo $1550/month

 

Click here to see inside photos for this property
Ovation II at Square One - 2 bedroom+Den, 2 Bathrooms! for $339,900
! now sold!

 

 

Click here to see inside photos for this property
Absolute Townhome for rent, Burnhamthorpe and Hurontario $2000/month
- others available

Click here to see inside photos for this property
Beautiful 2 bedroom plus solarium condo at Square One $179,900
sold

Click here to see inside photos for this property

Rental Properties in Mississauga


Click here to see inside photos for this property
3 bedroom townhouse in Meadowvale $214,900
now sold

 

Click here to see inside photos for this property
Excellent 4 bedroom 2 family room, 2800 square foot home in Central Erin Mills, $569,900 - email me for details!
SOLD!

 

Click here to see inside photos for this property
Churchill Meadows, Beautiful Townhomes, $304,900
sold!


Click here to see inside photos for this property
Needed, more condos to rent at One Park Tower


These properties are all recently sold!

Real Estate Listings and Homes for sale in Mississauga
Outstanding Condo walk to Square One and Mississauga City Centre for $184,900
now sold

Power of Sales Properties

 

35 Kingsbridge Garden Circle High Rise Condo Building
Semi Detached with an inground pool in the Homelands area asking $319,900
sold

Power of Sales Properties

Real Estate Listings and Homes for sale in Mississauga
The Absolute Complex, Townhouse for rent, all utilities included!  Ultra Luxury for lease $2100/month available immediately
no longer available, sorry

Find me a home!


TODAY'S MORTGAGE INTEREST RATES
Term Royal Bank Posted Rates
6 Month 3.140%
1 Year 3.14%
2 Year 3.04%
3 Year 3.75%
4 Year 4.64%
5 Year 5.24%
7 Year 5.95%
10 Year 6.75%
25 Year 8.75%
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

As of March 19, 2015 the Bank Prime Rate was

3.00
%

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:

15 KEYS to Selling in Mississauga  8 Mistakes to Avoid When Selling in Mississauga 

Toronto Star ReportFlooring Trends

Free offer "just for looking" at this newsletter, use one of my FIVE Financial Calculators

FAQ - Real Estate FAQ's
This months feature is: Are Commission Rates Negotiable?

 

Do you BLOG?
Read Mark's Blog

XML Blog Feed  RSS Blog FeedSubscribe to my feed, Mississauga Real Estate Blog by Mark ArgentinoAdd to Google

 

 

WHAT'S HAPPENING

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 more

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 month

Mortgage Interest Rates are on the rise, read more

Graph of Average Sales Prices in the GTA

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 over year. 

2014 Average Monthly Price
March 557,684
February 553,193
January 526,528
 
2013 Average Monthly Price
December 523,096
November 538,881
October 539,415
September 533,232
August 501,794
July 513,246
June 530,636
May 542,174
April 526,335
March 519,879
February 510,580
January 482,648
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
December 478,739
November 485,544
October 502,274
September 501,704
August 477,533

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,

Mark

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 Ms. Usher.

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.

What's Happening in Real Estate?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. 

2008 Real Estate Market Predicitons for the GTA

Bank Prime Interest Rate dropped again and is now steady!

You may wish to read about the Power of Sale section at my website that will show you the pitfalls to avoid and the clauses to put into your offer when you buy a Power of Sale property in Ontario.  This new section will also explain Power of Sale and Foreclosure in detail.  Read more here.

Foreclosure and, Power of Sale Properties FAQ's  You may sign up for Bank Sales and Power of Sales, Bank Sales and Foreclosure email notices.

See a map showing Townhouse Complexes in Mississauga

See a map showing Condos in Mississauga

Map of Townhouses in Erin Mills ONLY

Map of Townhouses in Churchill Meadows

See a complete list of names of Condominium buildings in the GTA

Read more about Sub-Prime Mortgages

Read about the controversial Toronto Land Transfer Tax which is now Law

Read more about our  sales.  Average prices for this time of year

Last month was another strong month for sales.  Prices and sales volumes were high, read more

I have a few calendars left in hand.  If you would like to receive one of my calendars, please fill in your information at this form and I would be happy to send you a calendar once they arrive!

I found this very interesting mortgage rate website on the internet where they survey mortgage experts to gauge the state of mortgage rates over the next 30 to 45 days: Will rates rise, fall or remain relatively unchanged?

You may read about Sold Stats for W16, W19 and W20.  If you want the stats for your area, just email me and I will send them to you.

May Report for real estate sales figures are now out.  Last month statistics are now in the books and the bottom line is Market Remains Strong!

Listing inventories are low, so if you are thinking of selling, this is a good time to list your home.  The market has been 'very good' for the past month or so and new listings are need.  Would you like a Complimentary & Quick Over-The-Net Home Evaluation of your property?

Price trends over the past 17 years indicate that prices will likely increase over the next month or so. 

It appears as if rates may hold steady for the short term.  Many feel The Bank of Canada may hold the course in the near future on their current level of 4.75% prime, (Current Bank prime is shown here), so this should keep mortgage interest rates at their current levels. 

Average single family residential prices were UP compared to the previous month.  This is typical for this time of year.  Price trends over the past 18 years indicate that prices will likely increase over the next month or so. 

Last month was another very solid month to add to another banner year in real estate in the GTA.  See graphs of the sales figures, read more

See my MLS listings on Google Maps here

I regularly add new articles to my blog

First time ever, the Average Price in Canada tops $300,000

I hope this finds you and yours happy and healthy! 

I wish you and your family all the best!
Mark

Ontario Tax Sale Properties

Average Residential Resale Home Price Trends Graph since 1995Average Residential Resale Home Price Trends Graph since 1985


If you would like more information or have any questions or suggestions, please email me at info@mississauga4sale.com

I wish you and your family All the Best!

Click here to see Mark's Overview Page!

This Month's Statistics This Month's StatsRead More about Prices...

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Strategies for selling your home

Mississauga's Strategic Plan - Amazing!Read about it
Web Tips for Kids


Look up any Phone number in Canada
City of Toronto Fire Prevention Website

More Internet Fun:
Optical Illusions
&

Free Link Checker
another link checker
Ultimate TOP TEN
Another Link checker
Excellent Link Checker
newsletter location

Internet LinksTop Ten Internet Links




News and Real Estate Links and Other Goodies ...

News Services:
ABC | AP | AltaVista | BBC | Bloomberg | CBC | CBS | CNN | FOX | Google | MSNBC NPR | Reuters | UPI | Yahoo 


This week in the News

Resolutions for Housing Consumers


Weather Facts and Records:
More Weather Facts and Record


www.Refdesk.com - A very thorough reference site

www.eduref.org - Especially helpful for parents

www.news.google.com - Current new stories

www.thescannery.com - You'll get the scoop on 11,000 companies

Do you like to read the papers and keep up to date on facts?

Mountains of Facts on Canada
Mississauga News Online
Baby boomers and their impact on Real Estate in Canada

Real Estate Predictions for next 10 yrs (excellent article in PDF format)

In the News:
• This is an excellent link to current news and information

• Google News Canada

USA/World Newspapers
• Today's Front Pages
• Today's Papers: Summary
• Political Cartoons
• More Headlines
• News Photos

Canada News Sources:
• Canada News wire
• Canadian Press
• Toronto Star  
• The National Post
• The Globe and Mail
•  The Toronto Sun

 

How can Mark Help You?

" As a professional real estate agent, my job is to give you all the information so you can make the best decision for yourself and your family ©" - and that is what this newsletter is all about - supplying you with timely and valuable information.
Your email address will never be shared with anyone.

Real Estate Home


How will this newsletter benefit you?
You will receive timely updates and valuable information regarding the Mississauga, Toronto and GTA Real Estate market.


Thanks for reading!

Real Estate Home

Real Estate Secrets - You found it! - Click Here to Read Now!A. Mark Argentino,P.Eng.
Broker (since 1987)


Search MLS | Current Interest Rates
Average GTA Price Graph |
Thinking of Selling?The Selling Process Explained
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P.Eng. Broker (since 1987)

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Real Estate
Mississauga Real Estate Market Watch - Mark Argentino
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March 19, 2015
From the desk of: A. Mark Argentino

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