Real Estate March 2007
From the desk of: A. Mark Argentino Latest
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February Sales were very strong. Prices and sales volumes were both up for February, Average prices rose 4%, read more
New Feature: You may sign up for Power of Sales, Bank Sales and Foreclosure email notices.
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.
February real estate sales figures are now out. Last month statistics are now in the books and the bottom line is our March 2007 was the second best February ever!.
Inventories are low, if you are thinking of selling, this is a good time to list your home. The market has been 'on fire' 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?
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 10 years indicate that prices will likely increase over the next month or so.
Many feel The Bank of Canada may be 'staying the course' for interest rates in the near future from their current level of 4.5% prime and the banks prime rate is 1.5% above this so you will see it posted at 6%. This should keep mortgage interest rates at their current levels.
I still have a few of the mini 2007 calendars left. 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! The calendar has many money saving coupons for attractions around the GTA.
February 2007 was another very solid month to begin the new year. See graphs of the sales figures, read more
My blog is moving along. I enjoy posting to it and keeping you current on the real estate market. I will update the blog throughout each month to keep you current with the real estate market. This newsletter will continue to be published monthly. Read my Mississauga Real Estate Blog
NOTE: You can often
negotiate a discount of 1% or more off posted rates. "Best" Mortgage Rates
As of February 12th the Bank Prime Rate was
6.00%
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%!
P.Eng. Broker (since 1987)
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