Real Estate April 2007
From the desk of: A. Mark Argentino Latest
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with timely information and a comprehensive overview
of GTA price trends.
NOTE: You can often
negotiate a discount of 1% or more off posted rates. "Best" Mortgage Rates
As of April 9th 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%!
April 2007 stats are out - Last month was another strong month.
Last month was another strong month for sales. Prices and sales
volumes were high, read
more
In case you missed it last month, I've installed a New Feature on
my site: You may sign up for Power of Sales, Bank Sales and Foreclosure email notices.
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?
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.
New Feature: 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.
April
real estate sales figures are now out. Last month statistics
are now in the books and the bottom line is our 2007
has Strong Start.
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 week 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, so
this should keep mortgage
interest rates at their current levels.
Last month 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
P.Eng. Broker (since 1987)
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