Real Estate
Mississauga Real Estate Market Watch - Mark Argentino
December 2009
From the desk of: A. Mark Argentino

Home page of Homes for Sale in Mississauga
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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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What's Happening in Real Estate?

In this Issue

Feature Homes
Great Value

See them all Here

Feature Homes
Excellent 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

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

Click here to see inside photos for this property
Beautiful 4 bedroom home backing on ravine and Lionhead gold course $839,900

Click here to see inside photos for this property
Excellent 2 bedroom, 2 bathroom condo at Square One for $179,900

Click here to see inside photos for this property
Mavis and Derry, beautiful semi, $289,900

Click here to see inside photos for this property
Beautiful Executive home on a Cul-De-Sac for $670,000
sold

Click here to see inside photos for this property
Excellent 2 bedroom, 2 bathroom townhouse in Meadowvale $207,900

 

Click here to see inside photos for this property
Britannia and 10th Line, gorgeous townhome, $269,900
now sold!

 

 

Click here to see inside photos for this property
Britannia and 10th Line, gorgeous townhome, $269,900

 

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
Churchill Meadows, Outstanding Semi Detached Home, Great Price, $319,900
sold

 

Click here to see inside photos for this property
Townhouse for sale at Dundas and Hurontario for $279,900
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

Click here to see inside photos for this property
Eglinton and Highway 10, beautiful stacked condo, $179,900
now sold

Click here to see inside photos for this property
Outstanding panoramic views of Lake Ontario, $199,900
sold

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

Click here for all the pictures and details of this home
Sorry   Sawmill Valley Beauty $599,900

Find me a home!


Term Royal Bank Posted Rates
6 Month 4.65%
1 Year 3.80%
2 Year 3.95%
3 Year 4.45%
4 Year 5.29%
5 Year 5.74%
7 Year 6.80%
10 Year 6.95%
25 Year 8.05%
5 Yr Closed Variable Bank Prime + .7%
Bank Prime 2.25%

NOTE: You can often negotiate a discount of 0.5 - .8% or more off posted rates.
"Best" Mortgage Rates

BANK PRIME RATE

As of December 8, 2009 the Bank Prime Rate was

2.25
%

The Bank of Canada prime rate as of May 12th, 2009 was 0.25% 

Bank Prime Rate means "best" and this is the rate that banks charge their absolute best customers for loans.

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   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 Report Flooring 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?

December News: Greetings from Fabulous Mississauga!

  • Average price in the GTA $418,460
  • Bank of Canada Prime Rate unchanged at 0.25%
  • Bank Rate unchanged at 2.25%

The statistics for last month are out and average GTA sale price and volumes are at or near all time highs, see this page for latest market stats and results from the previous month month

Graph of Average Sales Prices in the GTA

Mortgage interest rates have fallen slightly "again" over the past month or so, even though the bank rate has remained steady. 

Variable rates are now about Prime or just a little less at Prime MINUS about .1% to .5% or so, read more

Any way you look at it, interest rates are at or near all time lows with bank prime at 2.25% , read more.

Our market continues to do very well, prices are up and so are sales volumes. 

My observations for the Mississauga marketplace is that we continue to see that prices continue to be strong and rising in many areas.  Moderately of course, but still, they are rising.

It will be interesting to see what the next quarter brings as the winter market is typically a weaker marketplace.

There are very few listings on the market and this would normally indicate that prices will continue to be very strong.

You are reading the latest newsletter

December Report

November Resale Housing Results Brings More Positive News

This is the December report for TREB for the average prices and the number of sales in November 2009, both were very strong last month.

GTA REALTORS® Report November Resale Housing Market Figures
TORONTO, 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 Canadian economy out of recession in the third quarter.”

The average price for November transactions was up 14 per cent year-over-year to $418,460.

The average price year-to-date was up four per cent to $394,464.

“Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter," according to Jason Mercer, TREB's Senior Manager of Market Analysis. “As we move into the spring, growth rates will move to more sustainable levels.”

 

Read more reports on the Greater Toronto Resale Housing Market

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 2011 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 13 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 13 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, 3 - 5 times per week.

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 1995 Average 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 Stats Read 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 Links Top 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

 

Today's Pictures: Astronomy - Earth's Current Temps/Clouds - Earth Images - Earth Science - Kodak - Nat. Geographic - NOAA Image of the Day - Top News Photos - Wash. Post Day in Photos - More Weather Pics 

Money Sense Latest Market News


Toronto area attractions

Casa Loma: Toronto's famous castle
Centreville Amusement Park: CN Tower
Harbourfront Centre
Ontario Place
Ontario Science Centre
Paramount Canada's Wonderland
Toronto Zoo
Wild Water Kingdom

Excellent City of Toronto Links
City of Mississauga

Museums
Canadian Warplane Heritage Museum:
Children's Own Museum
The Gardiner Museum of Ceramic Art
Hockey Hall of Fame
Museum for Textiles
MZTV Museum
Ontario Museum Association
Royal Ontario Museum
Toronto Aerospace Museum
 

 

 

 

 

 

 

 

 

 

 

 

 

 

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


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
RE/MAX Realty Specialists Inc.
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P.Eng. Broker (since 1987)

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You will receive timely updates and valuable information regarding the Mississauga, Toronto and GTA Real Estate market.


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Real Estate Home

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