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Monday, July 4, 2016
Click here for Today's New and Changed Power of Sale, Foreclosures and Tax Sale PropertiesMississauga4Sale


Hello [NAME]

This months Real Estate newsletter brings more positive news from our real estate industry here in Mississauga, Toronto and the GTA. Enjoy!

All the best!  Mark
Summer is just around the corner!

In this Issue

Real Estate Market Watch

From the desk of: A. Mark Argentino

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


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

Click here to see inside photos for this property
Outstanding Square One Townhome 90 Absolute Ave105 Mississauga Ontario List:$379,900

Click here to see inside photos for this property
Great condo townhouse for rent, 1 bedroom unit for - $1250/month
- coming soon!

Click here to see inside photos for this property
Excellent 2 bedroom home for rent $1725/month

Click here to see inside photos for this property
Outstanding detached home backing Ravine - Milton - $784,900


Click here to see inside photos for this property
1 Bedroom RENTAL UNIT at 4975 Southampton Drive in Churchill Meadows - Erin Mills for $1125 per month
- many more rentals!


Click here to see inside photos for this property
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 $1720/month


Click here to see inside photos for this property
See all my current listings for sale and for rent


Rental Properties in Mississauga


Today's Mortgage Rates
1 Yr closed3.14%
2 Yr closed3.04%
3 Yr closed3.65%
4 Yr closed4.39%
5 Yr closed4.64%
5 Yr Variable 2.85%
See Best Rates

Term Royal Bank Posted Rates
6 Month3.14%
1 Year3.14%
2 Year3.04%
3 Year3.65%
4 Year4.39%
5 Year4.64%
7 Year5.30%
10 Year6.10%
25 Year8.75%
5 Yr Closed Variable Bank Prime + 0.000%
5 Yr Open Variable Bank Prime + 1.000%
Bank Prime 2.85%

NOTE: You can often negotiate a discount of 0.3 - .5% or more off posted rates.
"Best" Mortgage Rates


As of July 4, 2016 the Bank Prime Rate was


The Bank of Canada announced no change in the bank rate at the latest press conference, read more. On September 8th, 2010 the Bank of Canada increased the prime lending rate .25% to make it 1.00%. and it stayed at that amount until May of 2015 when they announced a 0.25% decrease to a total of 0.75%.  The Bank prime rate is typically about 2% higher than this, so Bank Prime charged to the public but in this case, the banks are only passing along .15% of the recently lowered rate, so prime to customers is now 2.85%

The major banks in Canada typically charge their best customers 2% above the Bank of Canada Prime Rate, today, it's 1.85 above prime, which means that the Bank Prime or Prime Rate that we see is now 2.85%

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

June 2015 News
Greetings from Fabulous Mississauga!

  • The Average price for last month  was $649,599 (it was $613,933 the previous month) and this represents aver a 11% increase compared to the same month last year- see graph of prices here
  • Sales volumes were 11,706 (it was 8,940 last month) and this is UP 6.3% from the same month last year  
  • The Bank of Canada Prime Lending Rate shocked the experts and lowered the rate to 2.75% in January 2015 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 - time to lock in? read more

Graph of Average Sales Prices in the GTA

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. 

2015 Average Monthly Price
2014 Average Monthly Price
March 557,684
The average selling price for 2014 was $566,726 and for 2013 was $523,036, which represented an increase of 8.4% compared to 2013 and a 5.2 per cent compared to the calendar year 2012 average of $497,130 - see graph of prices here

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.

  • First time in Toronto the Average Detached Sold Price above $1 million dollars!

I hope this finds you healthy and happy!

All the best,


All the best,


You are reading the latest newsletter

June 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.

Record number of Sales for May 2015

Prices and Sales continue their strong growth last month

Please refer to this page to see a graph of Average prices and More

This is the full report from TREB

June 3, 2015 -- Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing types. However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for detached homes.

“During my tenure as TREB President over the past year, it is clear to me that ownership housing remains top of mind as a quality long-term investment for GTA households. This is why, despite a shortage of listings in some market segments, we experienced a record number of sales reported through TREB’s MLS® System for the month of May,” said Mr. Etherington.

Record May transactions, coupled with a dip in the number of homes available for sale, resulted in strong price growth. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent year over year in May. The MLS® HPI uses benchmark homes to estimate price growth. This allows for an “apples to apples” comparison of price growth that is not affected by changes in the mix of sales activity.

The average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599. The higher annual rate of average price growth compared to the MLS® HPI Composite Benchmark points to the fact that the proportion of high-end home sales continued to be greater compared to 2014.

“Tight market conditions, especially for singles, semis and town homes in the GTA, have resulted in strong price growth regardless of the price metric being considered. With no relief so far on the listings front, expect similar rates of price growth as we move through the remainder of 2015. At this point, a number of months where listings growth outstrips sales growth would be required to satisfy pent-up demand,” said Jason Mercer, TREB’s Director of Market Analysis.

All the Best!





2008 Real Estate Market Predicitons for the GTA

You may wish to read about the Power of Sale section at my website that will show you the pitfalls to avoid and the clauses to put into your offer when you buy a Power of Sale property in Ontario.  This section will also explain Power of Sale and Foreclosure in detail.  Read more here.

Foreclosure and, Power of Sale Properties FAQ's  You may sign up for Bank Sales and Power of Sales, Bank Sales and Foreclosure email notices.

See a complete list of names of Condominium buildings in the GTA

  • Last month was another strong month for sales.  Prices and sales volumes were still high, read more
  • 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?

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.


Last Month's real estate sales figures are now out.  Last month statistics are now in the books and the bottom line is Market Remains Strong!

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?

I hope this finds you and yours happy and healthy! I wish you and your family all the best!


Graph of Average Sales Prices in the GTA

Average Residential Resale Home Price Trends Graph since 1995

Mortgage rates and Housing News

Frequently Asked Real Estate Questions

Real Estate Statistics


I wish you and your family All the Best!

Click here to see Mark's Overview Page!

This Month's StatisticsThis Month's StatsRead More about Prices...


PS. Read my Mississauga Real Estate Blog  XML Blog Feed  RSS Blog FeedSubscribe to my feed, Mississauga Real Estate Blog by Mark ArgentinoAdd to Google

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