Sunday, June 29, 2008

Structuring & Negotiating Commercial Leases

These are details to Structuring & Negotiating Commercial Leases.

Topics covered include:
- Other parties involved: Guarantor, Lender, Title insurance company, Attorney
- Understanding the details of your business plans determines the lease
- Long term implications of your agreements
- The relationship with the landlord: advantages & disadvantages
- Premises, Expansions, & appurtenant rights
- Negotiating the expenses: rent, operating expenses, real estate taxes and percentage rent
- Maintenance obligations
- Avoiding double-counting: increases in basic rent and contributions toward the landlords operating expenses

Samples of the types of questions answered in the Video Leadership Seminar include:
- Beside the landlord and the tenant, what other parties may be involved in the lease?
- What are the most important business considerations for the tenant to keep in mind as it enters the lease negotiations?
- How can the lease negotiations be made most efficient and mostly likely to succeed?
- Which terms have the greatest liability exposure for the companies signing the lease?
- What calculations are used to assess financial terms of the lease? What results indicate a term should be avoided?
- What strategies and tactics are proven successful for each key area of the lease?

For more information please email me

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Saturday, June 28, 2008

Cottage Financing and CMHC

Hello,

The Canada Day weekend is here and many clients are enjoying Ontario's wonderful cottage country (in fact, some are enjoying cottage life so much that they are contemplating a purchase!).

Did you know CMHC insures vacation homes

CMHC will insure a property the borrower uses for vacation purposes as long as the property is occupied at some point during the year by the borrower, or by a relative of the borrower on a rent-free basis and meets CMHC's general property requirements including;

    • The property is located anywhere in Canada and is suitable for, and available for, year round occupancy; and
    • Properties located on an island must have year-round bridge or ferry access; and,
    • The borrower's ability to occupy the property must not be restricted or limited at any time. Properties with seasonal use or access, time share interests, life leases, or properties in rental pools are not eligible.

Under CMHC's Second Home product, an individual can be a borrower/co-borrower on a maximum of two CMHC insured homeowner properties, including a vacation home which meets the above criteria. CMHC's Second Home product can also be used to purchase a home for a family member attending college or university away from home.

Enjoy the long weekend and don't hesitate in calling if you have any questions.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Friday, June 27, 2008

Current Mortgage Interest Rates

The table below shows current posted and the 'best' attainable mortgage interest rates in the GTA
TERMPOSTED OUR RATES*
6 Month 6.2%6.2%
1 Year6.95%4.9%
2 Year7%5.25%
3 Year7%5.19%
4 Year6.99%5.54%
5 Year7.15%5.47%
7 Year7.6%5.8%
10 Year7.95%5.9%
Variable Rate4%
Prime Rate4.75%













Rates Last Updated: Thursday, June 26, 2008

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Sunday, June 22, 2008

CMHC reports on Rental Market Outlook for 2008

Rental Market Outlook for 2008

Demand for rental housing in 2008
will remain on par with what was
experienced in 2007. The overall
apartment vacancy rate will be 3.5
per cent. The average two-bedroom
rent will increase by 1.5 per cent.
The movement to home ownership
will continue to be a drag on the
rental market, but in a different
fashion. While both existing and new
home sales are forecast to edge
slightly lower next year, first-time
buyers will continue to vacate rental
accommodation in favour of home
ownership. This movement, however,
will be based on a strong increase
in condominium apartment
completions in 2008. More than
double the number of condominium
apartment completions experienced
in 2007 will occur next year. In
addition, investor-held condominium
apartments in the secondary rental
market will attract some renter
households out of the primary rental
market, due to a higher level of
finishings and amenities.
Factors that will continue to influence
the demand for rental include
the following:
• Growth in youth employment
will continue due to tight labour
market conditions;
• Immigration will continue to
trend upward; and
• Rental affordability will continue
to improve as household earnings
outstrip growth in average
rents.
• rented freehold row/town
houses;
• rented duplex apartments;
• rented accessory apartments;
and
• rented apartments which are
part of a commercial or other
type of structure containing one
or two dwelling units.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Friday, June 20, 2008

Bank of Canada rate freeze could boost our mortgage rates

Bank of Canada rate freeze could boost our mortgage rates
Alia McMullen, Financial Post Published: Wednesday, June 11, 2008
Fixed mortgage rates could rise in the coming days as banks adjust to a two-day rally in government bond yields that received extra ammunition on Tuesday when the Bank of Canada kept interest rates unchanged.

But any increases in fixed mortgage rates may be limited by competition for customers in a cooling housing market, particularly as credit market conditions improve.

Eric Lascelles, chief economist and interest rate strategist at TD Securities, said fixed mortgage rates, which tend to track movements in the Canada Government five-year bond yield, could rise if the banks follow historical trends. The CGB five-year yield has surged 12.6% in the past two days to end at 3.6% on Tuesday, signalling the market forecasts future interest rates to be higher than previously expected.

The surge in bond yields, which move inversely to bond prices, began on Monday as the U.S. Federal Reserve and the European Central Bank talked up inflationary risks. The yields were catapulted even higher Tuesday by the Bank of Canada's surprise decision to keep the benchmark interest rate at 3%. The market had expected the rate to dip to 2.75%, but Mr. Lascelles said the central bank's emphasis on inflation had caused many dealers to now price rate rises into their positions.

"The concern about inflation has grown as commodity prices have again skyrocketed," Mr. Lascelles said. He has now wiped interest rate cuts out of his official forecast, but said they could not be completely ruled out given pressures on the Canadian economy.

"We don't think the Bank of Canada is going to leap wholeheartedly into rate hikes immediately; we think they will be quite cautious on hold for the time

being," he said.
Vince Gaetano, vice-president of Monster Mortgage and winner of Canadian Mortgage Professional magazine's Mortgage Broker of the Year award, said there was still a chance that interest rates will fall one more time in July. However, he said the housing market was not in any need of further interest rate cuts to support activity.

While the bond market shifts interest-rate expectations higher, Mr. Gaetano said there is still room for fixed mortgage rates to ease. Variable rate mortgages generally move in tandem with the Bank of Canada's key interest rate, and therefore would remain unchanged.

"The fixed rates still tend to be high compared to the five-year bond market," he said. The upheaval caused by the credit crisis caused the difference between the key interest rate and fixed mortgage rates to increase, with the spread currently sitting at about 290 basis points compared with the historical average of 275 basis points.

"If the market's slowing down, there's going to be a bigger appetite by the banks to put out more money and that may be at a cheaper costs," Mr. Gaetano said. "If there's not enough sales out there, the banks are going to start pricing more aggressively."

This was written in the Financial Post Thank you for your real estate inquiry.

I can't believe that because the Bank of Canada did NOT reduce their interest rate, that lending rates will go up. Seems like a little gouging to me.

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

(
BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL
: mark@mississauga4sale.com
Website : Mississauga4Sale.com

Thursday, June 19, 2008

Land Transfer Tax Refund for First-Time Home Buyers is updated

The Ontario Govenment has updated the Land Transfer Tax Refund for First-Time Home Buyers, read about it here

You may use an online Ontario Land Transfer Tax Calculator here

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Wednesday, June 18, 2008

CMHC reports on rental market

Report Highlights
• The average apartment vacancy rate in the GTA was unchanged at 3.2 per cent
in October 2007. Average same-sample two-bedroom apartment rents
increased by 1.2 per cent.
• Market conditions remained similar to 2006 because new renter household formation
was offset by a movement of existing renter households into homeownership.
• The rental market will experience little change in 2008, with the average
apartment vacancy rate at 3.5 per cent and average rents growing by less
than the rate of inflation.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Tuesday, June 17, 2008

CMHC Starts decline to be felt on single home starts

Starts decline to be felt on single home starts

Across Canada, starts of singledetached
homes, which remained
near the 120,000 mark between
2005 and 2007, will decrease by 13.6
per cent to about 102,700 units in
2008 and by 3.6 per cent to 99,050
units in 2009.
The decline in residential construction
will not be felt as much in the
higher-density housing segments. In
response to the rise in new and
existing home prices, a larger share
of home buyers will purchase less
expensive multiple homes. Multiplefamily
homes include row and semidetached
homes, as well as condos
and rental apartments. Multiple
starts, which reached a 29 year high
of 109,426 units in 2007, will increase
slightly to 111,950 units in
2008. Multiple starts are expected to
decrease in 2009 for the first time
since 1998 to reach 100,850 units.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Monday, June 16, 2008

RATES UP! Mortgage Interest Rate Update

As may already be aware, the Bank of Canada made no changes to their prime rate at their meeting on June 10th, contrary to the expected drop of 25 basis points.

There has been pressure on lenders to increase mortgage rates for the past couple of months, which they are now implementing today. Many of the key lenders have already announced their increases with others expected to follow throughout the course of the day.

The lowest current rate on a five year fixed is now 5.54% (up from 5.25 previously).

The variable rate remains unchanged at 4.15%. (0.60 below prime)

If you've been waiting for rates to bottom out, it may be time to get off the fence and make your purchase!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

(
BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

Friday, June 13, 2008

Today's Posted and Best Mortgage Interest Rates

You will find the mortgage interest rates that are posted and attainable in the table below.
TermPosted
Rates
Best
Rates*
6 Month7.00%4.99%
1 Year6.95%4.74%
2 Year7.00%4.79%
3 Year7.00%4.89%
4 Year6.85%5.14%
5 Year7.00%5.15%
7 Year7.35%5.29%
10 Year7.75%5.79%
Variable Rate4.15%
Prime Rate4.75%
Rates are subject to change, some conditions & restrictions may apply.
If you would like more information, browse to:

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

(
BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

Thursday, June 12, 2008

More predictions from CMHC on our futurereal estate market

Housing starts will trend lower in 2008

Higher mortgage carrying costs will be a catalyst for the decrease in residential construction to 214,650 units in 2008.

Seven of the ten provinces will register a lower number of housing starts in 2008 than in 2007. Housing starts, will reach 199,900 units in 2009.

MLS®1 sales to pull back from record in 2007

Record MLS® sales in 2007 Existing home sales, as measured by the Multiple Listing Service (MLS®), are expected to fall by 8.5 per cent in 2008 to 475,900 units.

In 2009, the trend will continue with a decrease to 465,000 units (-2.3 per cent). Despite a slowdown of MLS® sales, demand remains strong by historical standards.

So there you have it from CMHC
Mark

Wednesday, June 11, 2008

Canadian Home Building Boom is Coming Back to Earth!

Canadian Home Building: Back to Earth

On the heels of one of the best quarterly performances in the past 20 years in Q1, Canadian housing starts came down to earth in April with a tally of 213,900 units (at an annualized rate). Above-expected results in February and March had flown in the face of signs of moderation in the housing sector in recent months, including a softening trend in building permits. Therefore, it wasn't a complete surprise that, this time, starts undershot consensus expectations.

In April, the weaker tone was evident virtually across the board, both on a major segment and regional basis (with a few provincial exceptions). The multi-unit segment, which had been particularly strong in the previous two months (second and third highest tallies since 1978), gave back the most. However, activity in this segment remained relatively healthy, holding above its 12-month average.

The single-unit segment fell to its lowest level in seven years, accelerating its downward trend since 2004. Singles have been historically a better indicator of the sector's overall direction, so this should raise a red flag.

Regionally, starts slipped in all provinces except B.C., Manitoba and P.E.I. In the case of B.C., the increase was only a partial retracement of an outsized drop in March. Starts in that province remained below their 12-month average in April.

The biggest declines in percentage terms occurred in Nova Scotia, Newfoundland & Labrador and Alberta, although all of them represented payback for spikes the previous month. Despite falling for the second straight month, the pace in Ontario remained solid.

The Bottom Line: With growing signs that deteriorating affordability and mounting economic uncertainty are cooling residential real estate markets in many parts of Canada, it's only natural that new home building also moderates. While a U.S.-style meltdown is unlikely on this side of the border, the faster decline in singles starts in the past several months is cause for close monitoring.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Bank of Canada keeps overnight rate target at 3 per cent

Bank of Canada keeps overnight rate target at 3 per cent

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.

Since the April Monetary Policy Report (MPR), economic developments have been broadly in line with expectations. However, the balance of risks to the Bank's April projection for inflation in Canada has shifted slightly to the upside. Although the composition of U.S. growth has not been favourable for demand for Canadian goods and services, overall, global growth has been stronger and commodity prices have been sharply higher than expected. At the same time, many of the downside risks to inflation identified in the April MPR have eased, while the evolution of credit conditions has been in line with expectations. The risk remains that potential growth will be weaker than assumed.

With the decline in first-quarter GDP, the Canadian economy is judged to have moved into excess supply, which is expected to increase this year. Consistent with the April MPR, the Bank continues to project that economic growth will pick up this year and accelerate in 2009, owing in part to a firming of U.S. demand and accommodative monetary policy in Canada.

If current levels of energy prices persist, total CPI inflation will rise above 3 per cent later this year. However, with the Canadian economy operating in excess supply, core inflation is expected to remain below 2 per cent through 2009. Both total and core inflation should converge on 2 per cent in 2010 as the economy returns to balance.

Against this backdrop, the Bank now judges that the current stance of monetary policy is appropriately accommodative to bring aggregate demand and supply into balance and to achieve the 2 per cent inflation target. There continue to be important downside and upside risks to inflation in Canada, which the Bank will monitor closely.

See the current rates here: http://www.mississauga4sale.com/Rates-Current-Posted-Mortage-Interest-Rate.htm

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

(
BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

Tuesday, June 10, 2008

REMAX reports that balance returns to recreational property markets

Balance returns to recreational property markets

across Canada this year, says RE/MAX

Mississauga, ON (June 10, 2008) --

After an extended period of extraordinary growth, more balanced

market conditions have emerged in recreational property markets across the country, according to a report

released today by RE/MAX.

The RE/MAX Recreational Property Report found that a substantial increase in the supply of recreational

properties listed for sale, combined with fewer buyers overall, characterized most recreational markets

this year. Of the 45 markets surveyed, 91 per cent (or 41 markets) were in the transition stage, moving

from strong sellers into balanced market conditions. The only exceptions were Salt Spring Island, two

markets in Saskatchewan—Last Mountain Lake and Qu'Appelle Lakes and Lakes Candle, Emma, and

Waskesiu -- and Newfoundland's East Coast —where inventory levels were relatively low. Affordability

was a primary factor in 35 per cent of markets surveyed, given serious upward pressure on recreational

values in recent years.

"Market conditions have shifted, but don't expect to see bargain basement prices or fire sales," says

Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada.

"The recreational market continues to experience solid demand -- a trend that is expected to continue

throughout 2008. The influx of new listings has yet to translate into downward pressure on recreational

property prices. Prime waterfront properties, while more plentiful than in year's past, will still command

top dollar."

Adverse winter weather conditions during the first four months of the year hindered recreational activity.

Sixty-seven per cent of markets reported softening in the number of sales year-to-date, while average

prices remained stable or experienced moderate increases over 2007 levels for the same period. Economic

concerns, fueled by negative GDP growth in the first quarter and soaring energy costs, have also played a

role in the transitioning market.

"We're coming off the longest period of economic expansion since World War II," says Elton Ash,

Regional Executive Vice President, RE/MAX of Western Canada. "Recreational property values have

appreciated beyond our wildest dreams across the country. More balanced market conditions are a

welcome change for purchasers."

- more -

RE/MAX Recreational Property Report…2

For the first time in many years, in fact, a good selection of entry-level waterfront is available in markets

across the country. Eighteen per cent of those surveyed offer properties under the $200,000 price point,

including; Central South Cariboo in British Columbia; Parry Sound, East Kawarthas and Kingston in

Ontario; Summerside, PEI; South Shore, Nova Scotia; Shediac, New Brunswick; and the East Coast of

Newfoundland.

Recreational property buyers also found themselves divided between two borders this year. The housing

market meltdown in the US combined with a Canadian dollar at par created serious investment

opportunities for secondary properties in Florida, Arizona, Texas, and California. Some of those very

same factors have spurred American recreational property owners in Canada to list their properties for

sale, with many looking to take advantage of ideal market conditions here.

"Many Canadians are capitalizing on market conditions in major American centres," says Polzler. "For

some purchasers, the move is strictly a short-term investment strategy with a pay-off at the end of the day,

while for others, retirement is the main objective."

The report also found that younger buyers were a factor in 40 per cent of recreational markets surveyed.

"Baby boomers are clearly not the only purchasers that appreciate the recreational lifestyle," says Ash.

"Generation X is quickly becoming a force in the marketplace, spurring demand for condominium

product on ski hills, oceanfront properties in good surf locales, and water frontage on trendy lakes with

celebrity residents."

Other highlights

:

Alberta's red-hot economy has helped boost recreational property markets in British Columbia,

Atlantic Canada, and some parts of Ontario.

Affordability is prompting buyers to consider back lots, riverfront, condominiums, hobby farms

and leased land.

Some purchasers looking to secure an exit strategy are buying recreational properties or

secondary homes in residential neighbourhoods in close proximity to the water's edge.

RE/MAX is Canada's leading real estate organization with over 18,000 sales associates in more than 656

independently-owned and operated offices. The RE/MAX franchise network is a global real estate

system operating in over 65 countries. More than 7,000 independently-owned offices engage over

110,000 member sales associates who lead the industry in professional designations, experience and

production while providing real estate services

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

(
BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

Spring 2008 Housing Market Outlook for the GTA

I just wanted to pass on some highlights from the Spring 2008 Housing Market Outlook for the GTA. I am sure you will find this information useful.


Here are some highlights:

"More home buyers will meet their housing needs through the purchase of an existing home, in response to increasing choice in the resale market, as the gap between listings and sales widens. Generally speaking, when there is more choice in the resale market, fewer buyers will opt to purchase a home at the pre-construction stage of development and wait for completion a year or more into the future"

"Affordability underlies the increasing popularity of high-rise condominium apartments in the Toronto area. As the cost of owning a home has increased steadily since the turn of the new millennium, many households have had to turn their attention away from comparatively expensive low-rise housing types, in favour of condominium apartments."

"Even with more moderate sales over the next two years, existing home sales will still remain higher than the average for the last 10 years and in line with the average over the past five years.

"When buyers have more homes to choose from, they are less likely to make offers at or above list, or to enter into 'bidding wars' with other buyers"

The last page has the Forecast Summary which is also worth taking a look at.

Today's lowest interest rates for a five year fixed start at 4.90%. The five year ARM is at 4.10% (prime - 0.65).

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale