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Real Estate
June 2008
From the desk of: A. Mark Argentino
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Subscribe to Mark's valuable RE/MAX
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and surrounding areas. Plus you will learn
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home, I will show you where to find the 'best'
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In this Issue
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Feature Homes
Great Value
See them all Here
Feature Homes
Excellent Homes
Huge Corner private lot for this semi at $369,900 in Meadowvale
 Beautiful Home backing Pond! $539,900
Excellent Family Home in Meadowvale and backs on to pathway that leads to Lake Aquitaine!
Excellent Family Home in Joshua Creek in Oakville, just listed 5 bedroom, 6 bathroom family home with heated salt water pool!
Excellent Square One condo for $229,900!
Excellent Square One condo for $234,900! now sold!
Excellent Family Home on a child safe Court with Inground Swimming Pool! located at Erin Mills Pkwy. & Battleford
Power of Sale Condo! now redueced to $180,000
Large Detached home walk to Credit Valley Hospital and Erin Mills Town Centre for $2500/month
Power of Sale Brampton!
Needed, more condos to rent at One Park Tower
Reduced to $539,900 Excellent Development Opportunity 21.14 Acres Of Opportunity, Searching Of Exceptional Value In Cottage Country; 21.14 Acres Of Opportunity; Scenic 3rd Row Property W/ Some Lake view & A Deeded Right Of Way To A Sandy Beach; Future Development Site For Any Age Group; Proposed Plan Of Subdivision in Goderich Area
These properties are all recently sold!
Outstanding Condo walk to Square One and Mississauga City Centre for $184,900 now sold
Churchill Meadows beauty, $1425 per month sorry rented
Outstanding Square One 2 bedroom, 2 full baths Condo for $199,900 sorry sold
Excellent 2 bedroom executive condo near 10 and Eglinton $219,900 sorry sold
Semi Detached with an inground pool in the Homelands area asking $319,900 sold
Excellent URBAN style Townhouse near Dundas and Hurontario, close to Cooksville GO Station $269,888 sold!
The Absolute Complex, Townhouse for rent, all utilities included! Ultra Luxury for lease $2100/month available immediately no longer available, another coming up in the fall, please email me for details!
Outstanding Freehold home at Mavis and 401 Heartland Centre $299,900 sold!
Beautiful Semi Detached home in LISGAR area $299,900 now sold
Outstanding Freehold home at Mavis and 401 Heartland area $315,500 Sold!
Beautiful Home walk to "The Pond" at Britannia and Winston Churchill $349,900
Sorry  Sawmill Valley Beauty $599,900
| Term |
Royal Bank Posted Rates |
| 6 Month |
6.60% |
| 1 Year |
6.65% |
| 2 Year |
6.65% |
| 3 Year |
6.65% |
| 4 Year |
6.99% |
| 5 Year |
7.15% |
| 7 Year |
7.60% |
| 10 Year |
7.75% |
| 25 Year |
8.65% |
| Bank Prime 4.75% |
NOTE: You can often negotiate a discount of 1% or more off posted rates.
"Best" Mortgage Rates
BANK PRIME
As of
April 25, 2015
the Bank Prime Rate was
4.75%
Bank of Canada Prime Rate was 3.75% as of March 4, 2008 and March 4, 2008 was the date that the Bank of Canada reduced the prime rate by a whopping .5%
Prime means "best," and this is the rate that banks charge their absolute best customers for loans. Changes in the prime rate influence changes in other rates, including variable interest rate mortgages. This rate fluctuates based on economic conditions. Some mortgage companies offer interest rates starting at Prime less .75% 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:
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Greetings from Fabulous Mississauga! 
June Newsletter: The winds of change may be blowing in the air as our spring market has not surged as in previous years
June Report - Sales last month were moderate again and prices stable - sign of things to come?
TORONTO - Wednesday, June 4, 2008 -- TREB Members saw 9,411 sales of single family dwellings in May, TREB President Maureen O’Neill announced today. “While off last year’s pace, a 9,000 plus sales month is certainly indicative of a healthy market,” said the President.
Prices trended upward on a year-over-year basis, with the overall average going to $398,148, up four per cent over the May 2007 figure of $382,787.
The City of Toronto experienced a three per cent increase, to $434,271 over last May’s $422,163. The 905 suburbs averaged $374,629, up five per cent over the same time last year, when the corresponding figure was $355,341.
“Furthermore, inventory has increased 15 per cent to 27,267 listings over May of 2007. This is good news for potential homebuyers as it should keep year-over-year price increases to the low single digits.”
Sales GTA-wide declined 16 per cent from May of 2007, which saw 11,146 sales, a record month. However, this overall decline masked significant regional variations.
Within the City of Toronto, sales fell 19 per cent to 3,711 from last May’s figure of 4,578. Within the 905 suburbs, on the other hand, the decline was a less pronounced 13 per cent, to 5,700 sales from last May’s figure of 6,568.
Breaking down the total, 3,626 sales were reported in TREB’s 28 West districts and averaged $377,098; 1,606 sales were reported in the 14 Central districts and averaged $528,938; 1,938 sales were reported in the 23 North districts and averaged $430,240; and 2,241 sales were reported in TREB’s 21 East districts and averaged $310,724.
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Steady GTA Resale Housing Market in May
TORONTO, June 4, 2008 -- The Greater Toronto Area resale housing market recorded 9,411 transactions in May, Toronto Real Estate Board President Maureen O’Neill announced today.
On a year-over-year basis the GTA average price increased four per cent to $398,148 in May from the May 2007 average of $382,787. Prices increased three per cent in the City of Toronto to $434,271 from $422,163 during the same period a year ago, while in the 905 Region there was a five per cent increase to $374,629 from $355,341 last May.
“Price gains show that real estate continues to be a solid investment for the consumer,” said Ms. O’Neill. “We are confident about the market because employment in the GTA continues to be strong and interest rates remain low. As long as consumers have the financial resources to buy homes and a variety of choices to manage carrying costs, the market should remain stable.”
“May’s sales figures represent a 16 per cent decline in the GTA from the record month a year ago when 11,146 sales were recorded,” said Ms. O’Neill. “More than 9,000 properties changing hands still represents considerable market activity.”
In the City of Toronto, there were 3,711 sales, down 19 per cent from last May’s 4,578 sales and down 6 per cent from May 2006. In the 905 Region, 5,700 transactions were recorded, which represents a 13 per cent decline from the 6,568 sales during the same period a year ago but up 4 per cent from May 2006.
“The Toronto Land Transfer Tax has been in effect for four months and the decline in sales has been running for the same time period,” said Ms. O’Neill. “We’re keeping a close watch on the effect of this new tax.”
Two specific areas North of Toronto experienced increased sales activity in May. In Uxbridge (N16) sales were up 10 per cent, while Stouffville (N12) saw a 12 per cent increase in sales, driven mainly by detached home transactions.
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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!
This
Month's Stats 
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News and Real Estate
Links and Other Goodies ...
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As a professional real estate agent, my
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make the best decision for yourself and your family
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