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November real estate sales figures are now out.  Last month statistics are now in the books and the bottom line is our Housing market stability continues.

Average single family residential prices were up compared to the previous month.  This is typical for this time of year.  It is difficult to predict where the prices will go over the next month or two, but if patterns over the past years are any indication, prices will likely rise over the next month or so. 

Many feel The Bank of Canada may be lowering rates in the near future from their current level of 4.5% prime, so this should keep mortgage interest rates at their current levels.  Read Toronto Star Article

October 2006 was another solid month.  Volume of sales were up compared to September 2006 and down slightly compared to October 2005.  Average prices were up by about 2% compared to the previous month.  See the sales figures, read more

Please see my current listings on the right, you have many to choose from!

See my MLS listings on Google Maps here

Now that the October sales numbers are in the record books, you can read more about sales volumes and prices from last month in this article

I hope this finds you and yours happy and healthy! 
Mark

Mortgage rates and Housing News
• Mortgage Rates 'Stabilizing or rising?"
• Current mortgage interest rates
• Globe and Mail: Real Estate Perspective
• Housing Starts were strong in the Toronto area
  
• Renovation more popular than relocation
• What is the "Market Emotions Cycle"
• Perspective: Why the latest Bank of Canada interest rate increase is insignificant
  
• Real estate prices are high, should I sell my investment property or hold on to it?
• Watch out for mortgage fraud - Toronto Star
• CMHC NEWS Latest headlines from CMHC
  
• Building wealth is "Simple, Not Easy"
• What is the latest interest rate announcement from the Bank of Canada?
  
  BLOG News
• 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
  
  Frequently Asked Real Estate Questions
• What is mls.ca and how does it work in Canada?
• What is the difference between a buyers and a sellers market?
• How does the Bank of Canada set the bank rate and interest rates?
• How Can I search all the townhomes in the newer parts of Erin Mills?
• Real estate prices are high, should I sell my investment property or hold on to it?
• Read RE/MAX and Canadian Press comments about the Current market conditions and affordability
• CMHC NEWS Latest headlines from CMHC
  
• City of Mississauga Press Releases
• City of Mississauga property taxes rank favourably compared to other Ontario municipalities, read more
• Mortgage Rates 'Stabilizing or rising?"
  
  Real Estate Statistics
• Bricks and Mortar Statistics - more sales and more listings - equals 'normal' market, see here
• Average Price report for 2005
• Average Price report for 2004
• Recreational Property Demand Softens
• Energy saving tips and more energy saving tips
• Garth Turner - this is his last column!
• Construction and Renovation around your home by CMHC
• How much you get back from your home improvements?
  
  
• Current mortgage interest rates
  
• City of Mississauga property taxes rank favourably compared to other Ontario municipalities, read more
• What is the difference between a buyers and a sellers market?
• Real Estate FAQ's
  
  The Weather
• See what the " Temperature predictions" are for the next 30 days of Weather - See what Environment Canada predicts for our future weather.
• Energy saving tips and more energy saving tips

Feature Homes
Excellent Homes

Gorgeous Detached home near 407 and Mavis $369,900

Outstanding Townhome near Derry and 427 $269,900

Outstanding Freehold home at Mavis and 401 Heartland Centre $299,900

Beautiful Detached home near Bristol and Creditview $424,900

Outstanding Downtown Toronto Condo for lease $1400/month sorry, now rented

Beautiful Semi Detached home in LISGAR area $299,900 now sold

Great Investment property - upper floor rented for $1150/month basement vacant for you or new tenant!  Streetsville for $259,900 sorry this is now sold too

Outstanding Freehold home at Mavis and 401 Heartland area $268,500 Just Sold!

Beautiful Home walk to "The Pond" at Britannia and Winston Churchill $349,900

Outstanding home, Immaculate and Clean throughout in West Oak Trails $331,900


Erin Mills Detached Link for $269,900 Glen Erin and Burnhamthorpe excellent central location

Excellent End Unit Townhome located Erin Mills and Burnhamthorpe $229,900

Sorry   Sawmill Valley Beauty $599,900

NOTE: You can often negotiate a discount of 1% or more off posted rates.
"Best" Mortgage Rates

As of November 8th 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%!

For example, see the
Royal Bank Prime Rates
Bank of Canada Prime rates found here

Benefits of this timely newsletter:

8 Mistakes to Avoid When Selling in Mississauga 

Flooring Trends

A. Mark Argentino, P.Eng.
Broker (since 1987)

Search MLS | Current Interest Rates
Average GTA Price Graph | Thinking of Selling?
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