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Tuesday, January 19, 2016


In this Issue:

Happy New Year and all the best in 2016

January 2015 News
Greetings from Fabulous Mississauga!

  • The Average price for last month  was $609,110 (it was $632,685 the previous month) and this represents aver a 9.8% increase compared to the same month last year- see graph of prices here
  • Sales volumes were 4,945 (it was 7,385 last month) and this is UP 14% from the same month last year  
  • The 2015 calendar year total number of sales was 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole
  • The Bank of Canada Prime Lending Rate now stands at 2.70% steady (since July 2015) read more

The statistics for last month are out, the figures for previous moth 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 - time to lock in? 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
December 609,110
November 632,685
October 630,876
September 627,395
August 602,607
July 609,236
June 639,184
2014 Average Monthly Price
March 557,684
The average selling price for 2015 was $622,217 up 9.8 per cent from 2014 which 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

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.

I hope this finds you healthy and happy!

All the best,


You are reading the latest newsletter

January 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.

Record number of Sales and Strong Prices for last month

Prices and Sales continue their strong growth last month

Please refer to this page to see a graph of Average prices and More

This is the full report from TREB

This is the full price and data report from TREB for last month

Record Sales in December 2015

Record TREB MLS® Home Sales in 2015

TORONTO, January 6, 2016 – The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year.

"Home ownership is a quality long-term investment that families can live in while the value increases over time. A relatively strong regional economy in the GTA coupled with low borrowing costs kept a record number of households – first-time buyers and existing homeowners alike – confident in their ability to purchase and pay for a home over the long term," said Mr. McLean.

"If the market had benefitted from more listings, the 2015 sales total would have been greater. As it stands, we begin 2016 with a substantial amount of pent-up demand," continued Mr. McLean.

The average selling price for 2015 as a whole was $622,217 – up 9.8 per cent compared to $566,624 in 2014. The MLS® HPI Composite Benchmark Price was up by a similar annual rate of 10 per cent in December. GTA home price growth was driven by the low-rise segments of the market, but condominium apartment price growth was generally well-above the rate of inflation as well through 2015.

"TREB will release its official 2016 outlook later in January, but suffice to say that the demand for ownership housing is expected to remain very strong in 2016. Despite stricter mortgage lending guidelines and the possibility of slightly higher borrowing costs, on average, there will be many buyers who remain upbeat on the purchase of ownership housing," said Jason
Mercer, TREB's Director of Market Analysis.

All the Best!


Where are mortgage rates heading?

The Bank of Canada Prime Lending Rate steady at 2.70% 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:   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


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

Click here to see inside photos for this property
Excellent 2 bedroom home for rent $1725/month
   Click here to see inside photos for this property
Great condo townhouse for rent, 1 bedroom unit for - $1250/month

See More Homes for Sale and Rent

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 or near all time lows, , 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!

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

I wish you and your family All the Best!

Click here to see Mark's Overview Page!

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



News and Real Estate.

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

This week in the News

Weather Facts and Records:
More Weather Facts and Record - A very thorough reference site - Current new stories

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

Mountains of Facts on Canada
Mississauga News Online


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

• Google News Canada

USA/World Newspapers
• Today's Front Pages

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 - 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

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



Privacy Policy



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 Square One Townhome 90 Absolute Ave105 Mississauga Ontario List:$344,900

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


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
- 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 $1720/month


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 $1750/month

Click here to see inside photos for this property
Absolute Townhome for rent, Burnhamthorpe and Hurontario $2400/month
- others available

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

Click here to see inside photos for this property

Rental Properties in Mississauga


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!


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

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 $384,900
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 $519,900

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 $2250/month available immediately

Find me a home!



Term Royal Bank Posted Rates
6 Month 3.14%
1 Year 3.14%
2 Year 3.04%
3 Year 3.65%
4 Year 4.39%
5 Year 4.64%
7 Year 5.30%
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 2.70%

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


As of Tuesday, January 19, 2016 the Bank Prime Rate was


The Bank of Canada announced a drop in the prime rate to 0.25% at their latest press conference,

, read more. On September 8th, 2010 the Bank of Canada increased the prime lending rate .25% to make it 1.00%. and it stayed at that amount until May of 2015 when they announced a 0.25% decrease to a total of 0.75%.  The Bank prime rate is typically 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 2.70%

The major banks in Canada typically charge their best customers 2% above the Bank of Canada Prime Rate, today, it's 1.85 above prime, which means that the Bank Prime or Prime Rate that we see is now 2.70%

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 

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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Tuesday, January 19, 2016
From the desk of: A. Mark Argentino
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