Real Estate June 2007
From the desk of: A. Mark Argentino Latest
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June Report: Toronto Housing Market Reaches New Heights! More record breaking sales. Prices climbed 1% last month, typical for this time of year. TREB reported 11,146 sales in May, the highest number of sales for a single 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 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?
Believe it or not, I just ordered my 2008 calendars, if you want one for next year, follow the link below. 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.
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.
June real estate sales figures are now out. Last month statistics are now in the books and the bottom line is Toronto Housing Market Reaches New Heights.
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?
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.
Looks like rates may be about stable. 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 add to another banner year in real estate in the GTA. 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 June 7, 2007 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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Mortgage Rate Watch and Comparison
