SUBSCRIBE TO NEWSLETTER | Subscribe to Mark's valuable RE/MAX Real Estate newsletter You will receive useful Real Estate information for Mississauga and surrounding areas. Plus you will learn many tips and secrets when selling or buying your home, I will show you where to find the 'best' mortgage interest rates as well as provide you with timely information and a comprehensive overview of GTA price trends. Privacy Policy Recommend-a-Friend
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FEATURE HOMES Great Value
See them all Here Feature Homes
Excellent Homes
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
FEATURE HOMES 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
Outstanding condo near Square One for $219,900
1 Bedroom RENTAL UNIT at 4975 Southampton Drive in Churchill Meadows - Erin
Mills for $1125 per month
Outstanding Detached home on a private court near Cawthra and Queensway, in
Mississauga for $895,000 Now Sold!
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 $1700/month
1 Bedroom RENTAL UNIT on Bay Street in Toronto! - vacant -$1500 per month -
now rented!
See all my current listings for sale and for rent
2 bedroom Square One Condo $1550/month
Ovation II at Square One - 2 bedroom+Den, 2 Bathrooms! for $339,900! now
sold!
Absolute Townhome for rent, Burnhamthorpe and Hurontario $2000/month - others available
Beautiful 2 bedroom plus solarium condo at Square One $179,900 sold
Rental Properties in Mississauga 
3 bedroom townhouse in Meadowvale $214,900 now sold
Excellent 4 bedroom 2 family room, 2800 square foot home in Central Erin Mills, $569,900 - email me for details! SOLD!
Churchill Meadows, Beautiful Townhomes, $304,900 sold!
Needed, more condos to rent at One Park Tower
These properties are all recently sold! 
Outstanding Condo walk to Square One and Mississauga City Centre for $184,900 now sold
Semi Detached with an inground pool in the Homelands area asking $319,900 sold
The Absolute Complex, Townhouse for rent, all utilities included! Ultra Luxury for lease $2100/month available immediately no longer available, sorry
TODAY'S MORTGAGE INTEREST RATES
| Term |
Royal Bank Posted Rates |
| 6 Month |
3.140% |
| 1 Year |
3.14% |
| 2 Year |
3.04% |
| 3 Year |
3.75% |
| 4 Year |
4.64% |
| 5 Year |
5.24% |
| 7 Year |
5.95% |
| 10 Year |
6.75% |
| 25 Year |
8.75% |
| 5 Yr Closed Variable |
Bank Prime + 0.000% |
| 5 Yr Open Variable |
Bank Prime + 1.000% |
| Bank Prime 3.00% |
NOTE: You can often negotiate a discount of 0.3 - .5% or more off posted rates.
"Best" Mortgage Rates BANK PRIME RATE As of
March 19, 2015 the Bank Prime Rate was
3.00% The Bank of Canada announced no change in the bank rate, read more. On September 8th, 2010 the Bank of Canada increased the prime lending rate another .25% to make it 1.00%. and it has stayed at that amount since September 8, 2010. The Bank prime rate is 2% higher than this, so Bank Prime charged to the public is now 3% The major banks in Canada charge their best customers 2% above the Bank of Canada Prime Rate, which means that the Bank Prime or Prime Rate that we see is now 3.00% 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: | WHAT'S HAPPENING
In this Issue |
May 2014 News
Greetings from Fabulous Mississauga! - The
Average price for last month was $577,898
(it was $557,684 the
previous month) and
this represents aver a 10% increase compared to
the same month last year- see
graph of prices here
- Sales volumes were 9,701 UP 1.2% from the
same month in 2013
- The Bank of Canada Prime Lending Rate continues to be set at 3.00% read more
The statistics for last month are out, the figures for previous month 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 are on the rise, read more 
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.
| 2014 Average Monthly Price |
| April |
577,898 |
| March |
557,684 |
| February |
553,193 |
| January |
526,528 |
| |
| 2013 Average Monthly Price |
| December |
523,096 |
| November |
538,881 |
| October |
539,415 |
| September |
533,232 |
| August |
501,794 |
| July |
513,246 |
| June |
530,636 | | May | 542,174 | | April | 526,335 | | March | 519,879 | | February | 510,580 | | January | 482,648 | | The average selling price for 2013 as a whole was
$523,036, which represented an increase of 5.2 per
cent compared to the calendar year 2012 average of $497,130
- see
graph of prices here |
| | | 2012 Average Monthly Price | | December | 478,739 | | November | 485,544 | | October | 502,274 | | September | 501,704 | | August | 477,533 | 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. - There continues to be "pent up" demand and with such low inventories, anything that comes on the market that shows well and is priced well get's sold very quick.
- We expect the spring to continue have tight supply and prices should be up or about stable until end of the next quarter, stay tuned for all the results right here!
I hope this finds you healthy and happy! All the best, Mark You are reading the latest newsletter
May 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.
Tight Market Conditions Prompt Strong Price Growth
Sales and Average Price Up last month
TORONTO, May 6, 2014 – Toronto Real Estate Board President Dianne
Usher announced that during April – the first full month of spring – Greater
Toronto REALTORS® reported a 1.8 per cent year-over-year increase in
sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706,
compared to 9,535 transactions in April 2013.
“April marked the beginning of the spring market, during which time
we generally see the highest monthly sales totals in a given year. Despite
the persistent shortage of listings, a substantial number of GTA residents
were able to come to terms on a home that met their needs.
However, sales levels would have been higher, but for the lack of supply,” said
Ms. Usher.
“A number of factors underlie the constrained supply of listings.
Studies and polling suggest that the additional upfront land transfer tax
in the City of Toronto has prompted some households to stay put and renovate
rather than list their home and move. In the broader GTA context, abovetrend
home sales in the years leading up to the recession have meant that many
households who purchased during this period simply aren’t ready to
move again,” continued Ms. Usher.
The average selling price for April 2014 sales was $577,898 – up by
10.1 per cent compared to the April 2013 average of $524,868. The MLS® Home
Price Index (HPI) Composite Benchmark was up by seven per cent year-over-year.
The MLS® HPI strips away price fluctuations resulting from a change in
the mix of home types sold from one period to the next.
“Price growth for the GTA as a whole was driven by the single-detached,
semi-detached and townhouse market segments in the City of Toronto. So far
this year, there has been no relief on the listings front for these home
types in many neighbourhoods in Toronto and surrounding regions.
Until we see a marked and sustained increase in listings, we should expect
to see the annual rate of price growth above the long-term norm,” said
Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market
Analysis.
|  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 3.00% , 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.
| | | | | | | 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!
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