July 21, 2015

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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 this Issue

February News !:
Greetings from Fabulous Mississauga!

  • Prices were up and sales down for December 2010 GTA Resale Housing Market
  • Average price in the GTA for December was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010 - see graph of prices here
  • In January, the median price was $360,000, up from the $350,000 recorded during January of 2010.
  • The Bank of Canada Prime Lending Rate is 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

 

January 2011 was another good month for sales and prices in the GTA.

Although last month sales were down about 13% for last month, comparing year over year, the volume of sales year to date continue to be strong.

Average prices are up considerably when you compare year over year.  Nearly 9%

Historically, February is one of the slower months, but this month seems to be starting with a large amount of sales.  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.

I hope this finds you healthy and happy!

All the best,

Mark

Variable rates are now about Prime or just a little less at Prime MINUS about .2% to .5% or so, read more

Mortgage interest rates have risen slightly over the past month or so, due to the bank rate increase. Bank of Canada is predicting rates will increase again in mid year, 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 do 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 first quarter of 2011 brings as the winter market is typically the slowest period of the year. 

I predict that it will be a good market with more properties coming on the market in February giving larger selection to buyers.  Average prices will likely increase every month for the next 3 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!.

My observations for the Mississauga marketplace is that we continue to see that prices continue to be strong and increase slightly in many areas over the next few months. 

You are reading the latest newsletter

February News Report

Last months Resale Housing Results Show Balanced 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.

This is the latest press release from TREB regarding the october real estate market in the GTA

GTA REALTORS® Report Monthly Resale Housing Market Figures TORONTO, February 4, 2011

Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011.

This result was 13 per cent lower than the record result reported in January 2010.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.

“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s Senior Manager of Market Analysis

Median Price
In January, the median price was $360,000, from the $350,000 recorded during January of 2010.

What's Happening in Real Estate?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...

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
6 Plex Investment Property - Central West Toronto $899,900

Click here to see inside photos for this property

Erin Mills Parkway and Credit Valley Road, across from Credit Valley Hospital, $1600 per month

Click here to see inside photos for this property
10 Acres and large home in Oakville - development opportunity! $4.5million

Click here to see inside photos for this property
Detached home with inground Pool located near Eglinton and Creditview $469,900
now sold

Click here to see inside photos for this property
3+1 Bedroom semi at Winston Churchill and QEW close to Clarkson GO train - finished basement! $349,900
now sold

 

Click here to see inside photos for this property
Eglinton and Hurontario, outstanding semi $439,900
sold and closed

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

Glen Erin and Erin Centre Blvd. $1399 per month now rented
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 4.45%
1 Year 3.35%
2 Year 3.60%
3 Year 4.15%
4 Year 4.94%
5 Year 5.19%
7 Year 6.35%
10 Year 6.50%
25 Year 8.25%
5 Yr Closed Variable Bank Prime - .15% "special"
5 Yr Open Variable Bank Prime + .7%
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 July 21, 2015 the Bank Prime Rate was

3.00
%

On December 7th 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%. Bank prime rate is 2% higher than this, so Bank Prime is now 3%

On July 20th the Bank of Canada increased their prime rate another .25% to 0.75% The last increase was June 1st 2010 and it was increased by .25% to 0.50%

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 2.75%

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 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?

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Subscribe to Mark's Real Estate Newsletter

 

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

 

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.
Professional Real Estate Services and Home Relocation Solutions
( VOICE 905-828-3434
2 FAX 905-828-2829
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* E-MAIL  info@mississauga4sale.com
Website  Mississauga4Sale.com

Thanks for Reading!
P.Eng. Broker (since 1987)

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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
Mississauga Real Estate Market Watch - Mark Argentino
Houses for Sale
Homes in Mississauga for Sale


July 21, 2015
From the desk of: A. Mark Argentino

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