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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
Excellent 3 bedroom home for rent $1675/month

Click here to see inside photos for this property
Great condo townhouse for rent, 1 bedroom unit for - $1250/month

Click here to see inside photos for this property
Outstanding detached home backing Ravine - Milton - $784,900
SOLD!

 

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
- many more rentals!

 

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 3.14%
1 Year 3.14%
2 Year 3.14%
3 Year 3.80%
4 Year 4.54%
5 Year 4.74%
7 Year 5305%
10 Year 6.10%
25 Year 8.75%
5 Yr Closed Variable Bank Prime + 0.000%
5 Yr Open Variable Bank Prime + 1.000%
Bank Prime 2.85%

NOTE: You can often negotiate a discount of 0.3 - .5% or more off posted rates.
"Best" Mortgage Rates

BANK PRIME RATE

As of May 20, 2015 the Bank Prime Rate was

2.85
%

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 about 2% higher than this, so Bank Prime charged to the public but in this case, the banks are only passing along .15% of the recently lowered rate, so prime to customers is now 2.85%

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?

 

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WHAT'S HAPPENING

In this Issue 

February 2015 News
Greetings from Fabulous Mississauga!

  • The Average price for last month  was $552,575 (it was $556,602 the previous month) and this represents aver a 7.5% increase compared to the same month last year- see graph of prices here
  • Sales volumes were 4,355 UP 6.1% from the same month last year 
  • The Bank of Canada Prime Lending Rate recently dropped to 2.75% 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. 

2015 Average Monthly Price
January 552,575
 
2014 Average Monthly Price
December 556,602
November 578,353
October587,505
September573,676
August546,303
July550,700
June568,953
May585,204
April577,898
March 557,684
February553,193
January526,528
 
2013 Average Monthly Price
December523,096
November538,881
October539,415
September533,232
August501,794
July513,246
June530,636
May542,174
April526,335
March519,879
February510,580
January482,648
The average selling price for 2014 was $566,726 and for 2013 was $523,036, which represented an increase of 8.4% compared to 2013 and a 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

February 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.

Strong Start to 2015

TORONTO, February 4, 2015 – Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year.

This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.

"The January results represented good news on multiple fronts. First, strong sales growth suggests home buyers continue to see housing as a quality long-term investment, despite the recent period of economic uncertainty. Second, the fact that new listings grew at a faster pace than sales suggests that it has become easier for some people to find a home that meets their needs," said Mr. Etherington.

The average selling price for January 2015 home sales was up by 4.9 per cent year-overyear to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014.

"Home price growth is forecast to continue in 2015. Lower borrowing costs will largely mitigate price growth this year, which means affordability will remain in check.

The strongest rates of price growth will be experienced for low-rise home types, including singles, semis and town houses. However, robust end-user demand for condo apartments will result in above-inflation price growth in the high-rise segment as well," said Jason Mercer, TREB's Director of Market Analysis.


Where are mortgage rates heading?

The Bank of Canada Prime Lending Rate recently dropped to 2.75% read more

A common question I frequently get is "where are mortgage rates heading?"   While all we can do is speculate and anything can happen, we can always make predictions based on what tools we have available to us today. 

For shorter term predictions, we can follow the bond yield charts, which you can find here: http://www.investing.com/rates-bonds/canada-5-year-bond-yield   Fixed mortgage rates are determined by bond yields.  When the yields rise, upward pressure is placed on fixed mortgage rates.  When they drop, downward pressure is placed.   Last spring, we saw a large spike in bond yields within a very short time span which sent fixed mortgage rates skyrocketing as much as 0.75% within a matter of a few short weeks...which is not something that anyone could have predicted.  They didn't start settling down until earlier this year and have been slowly trending downwards ever since.   If the downward trend continues, we may very well see some lower rates soon, and I think this is a definitely possibility. 

The Bank of Canada Prime Lending Rate recently dropped to 2.75% read more

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!

Last month 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 18 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 3.00% 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

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!

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Strategies for selling your home

Mississauga's Strategic Plan - Amazing!Read about it
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Mountains of Facts on Canada
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In the News:
• This is an excellent link to current news and information

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• The National Post
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•  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.
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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)


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May 20, 2015
From the desk of: A. Mark Argentino

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