Tuesday, October 26, 2010

Current mortgage interest rates comparison of posted versus attainable rate

Current mortgage interest rates comparison of posted versus attainable rate


Terms Posted Rates "BEST" Rates
6 MONTHS 4.45% 3.95%
1 YEAR 3.40% 2.44%
2 YEARS 3.55% 2.69%
3 YEARS 4.10% 3.04%
4 YEARS 4.94% 3.54%
5 YEARS 5.29% 3.64%
7 YEARS 6.09% 4.75%
10 YEARS 6.40% 5.15%
Rates are subject to change without notice. *OAC E&OE


I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Monday, October 25, 2010

MLS will be opening up to the public in Canada- proposal ratified

Good morning,

This article below is an excellent summary of the results of the vote and the potential implications that opening up the MLS system to the public may have.

A more open system will encourage private sellers to list their homes on the MLS for a small fee yet allow for the current system to continue as it is.

One more choice for the consumer!

Enjoy reading,
Mark




CREA members approve MLS deal with Competition Bureau Sunday, 24 October
2010 22:17
Written by David Hatton, Editorial Team


The winds of change were blowing outside a St. John's hotel Sunday afternoon, as representatives of the country's 101 real estate boards voted 97 per cent in favour of a deal that some warned could mean the end of the Canadian Real Estate Association.

At the very least, it will change the current face of the Multiple Listing Service (MLS).

The controversy began earlier this year when Competition Bureau Commissioner Melanie Aitkin announced she was investigating complaints of anticompetitive behaviour, including concerns CREA kept its members from offering services that would lower costs for consumers.

PropertyGuys.Com Ink Deal with Ontario Brokerage Ahead of Sundays Vote On The MLS
PropertyGuys.com, Canadas largest FSBO company has partnered with Harvey Real Estate Co, a Hamilton-based real estate brokerage which means that the brokerage can now put its clients listings, should they choose, on the Multiple Listings Service (MLS). Walter Melanson, PropertyGuys.com Director of Partnerships believes this is now the beginning of the marketplace opening up: "today, we're attracting a small-niche part of the market that
believes it doesn't need the MLS," and he adds that around ...

Some of the biggest complaints involved the popular MLS system, with complaints agents were charging full commission just to post a listing.

If clients didn't use an agent, they couldn't list their property on MLS.

That sparked intense negotiations between CREA and the Competition Bureau in the months leading up to Sunday's vote. And if CREA members didn't vote in favour of the deal, there were looming threats of a court battle next spring with the federal government.

CREA president Georges Pahud said he welcomed the decision to ratify the agreement and end the Competition Bureau battle.

"We are pleased that after careful consideration and reflection, real estate boards and (local real estate) associations from across Canada have endorsed the agreement."

"The commissioner and CREA have agreed that its rules as well as those of members should not deny or discriminate against realtors wishing to offer mere posting services. CREA does not believe that such rules exist today, but if they do, they must be repealed or boards will lose their license to operate under the MLS trademarks" Pahud said in a statement.

Reaction from Canada's estimated 100,000 agents was swift.

"If this vote goes through, it's time for the full time real estate sales people to leave the CREA," Greg Chiang, of ReMax Omega in Newmarket, Ontario, wrote in an email prior to the vote.

"We will pull all our listing(s) from the MLS system. Let all the FSBOs start their own MLS system ...It takes money to build up a great real estate system, (and) that is why most discount systems fail. The FSBOs want to take a free ride on our backs ...use the system that we as full time realtors have paid for many years to develop and make what it is today."

Others questioned why the Competition Bureau was even getting involved.

"I don't understand why the brokerage community has been targeted, and why the system we have built up with our fees over the years should be treated like public property," Steve Glogowski, an associate vice-president of Royal LePage Signature Realty in Toronto, said in another email.

"Brokers do not have a monopoly on selling property. Everyone is free to advertise and negotiate their sale in the newspapers or on the web and not use the MLS," he added.

Glogowski suggested instead of "caving in", CREA should disband and hand over the MLS system to its members. "How can a system with dozens of owners be considered a monopoly?" he asked. "If people think they will save a few bucks by selling on their own, they are sadly mistaken."

The deal with the Competition Bureau could result in buyers listing at an unrealistic price and not getting serious offers, not negotiating effectively based on experience and having a have increased chance of fraud, he said.

As rumours of the deal filtered out in advance of the vote, some entrepreneurial realtors saw opportunity. Details emerged late last week that the largest of those private sale companies, Moncton, N.B.-based PropertyGuys.com, had signed a deal with Harvey Real Estate Co. Ltd, a tiny brokerage in Hamilton, Ont.

The arrangement would see Harvey listing PropertyGuys.com client's properties in Ontario on the MLS site for a fee, if the client wishes. The MLS profile would then link to a client's customized PropertyGuys.com profile.

The broker has been posting PropertyGuys.com listings for a week now and there is still a backlog, according to a report in the local New Brunswick Business Journal. It added PropertyGuys.com expects the overall opening of the marketplace to boost their listings by 30 to 40 per cent in the next year alone.

How will this vote affect you? We want to hear from you, tell us how you feel using our comments feature, below.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Friday, October 22, 2010

Bank of Canada Economic News - October 21, 2010

This is the latest news from the Bank of Canada on the Canadian growth
outlook.
Enjoy!
Mark


TD Economics

October 20, 2010

Data Release: Bank of Canada takes more dovish stance on economic outlook

* The Bank of Canada (BoC) has downgraded its global and Canadian economic
growth outlook for a second straight Monetary Policy Report (MPR), revising
their Canadian economic growth forecast by an average of 0.5 percentage
points in 2010 and 2011. The BoC forecasts economic growth to be 3.0% in
2010, 2.3% in 2011, and 2.6% in 2012.

* The downward revision to the outlook is largely a reflection of
international and currency developments. The BoC predicts that passing the
economic baton to private demand in the U.S. and other advanced nations
might prove to be a more daunting task than it had originally expected,
especially as these countries are plagued with high unemployment and a
continued need to restore household and government balance sheets. The BoC
has further outlined the volatility in currency markets and tensions related
to global imbalances as a downside risk to the global recovery.

* But the concerns are not just international in nature. The most
interesting change to the BoC's Canadian economic outlook was the downward
revision to components related to domestic demand. The BoC has outlined the
level of Canadian household debt as a major risk to the Canadian economic
outlook, and anticipates that high debt levels will constrain growth in
household expenditures throughout the forecast horizon. In fact, the BoC
forecasts for consumer spending growth to contribute just 1.2 percentage
points to economic growth in 2011 and 2012. That is consistent with tepid
consumer spending growth of 1.8-2.0%. Meanwhile, also related to the level
of household debt, residential investment is expected to drag on growth in
each of those years.

* The BoC's real GDP forecast is consistent with an output gap that closes
at the end of 2012 - a year later than estimated in July's MPR.

* Largely in line with slower economic growth and a more gradual uptick in
economic slack, the BoC has made a downward revision of about 0.2 percentage
points to its core inflation outlook from Q3/2010 to Q1/2012. Core inflation
is expected to moderate from its current rate of 1.6% to 1.5% by early 2011,
and then gradually rise to 2.0% by 2012.

Key Implications

* The downgrade to the BoC's economic forecast is not surprising. And, in
fact, the more dovish stance on the global economic outlook, in the U.S. in
particular, is more consistent with advanced nations digging their way out
of a synchronized financial crisis, than July's more optimistic forecast.

* The BoC's economic outlook is largely consistent with our forecast for
Canadian economic growth, although we are slightly more pessimistic on
growth in 2011, when we expect Canadian real GDP

growth of 2.0%. We see some downside room with core inflation in the
near-term, with a bottom at 1.3% in the Q1/2011.

* The BoC has raised the issue of household debt as a risk to the outlook.
The level of household debt has been on its radar for some time now. It is
our view that Canadian debt levels have become slightly excessive. For now,
the strength in Canadian domestic demand has started to unwind. The BoC's
consumption and residential investment forecast is consistent with a
significantly lower rate of household borrowing. The risk remains that,
given sustained low interest rates, domestic credit demand may
re-accelerate, becoming an even larger issue down the road. Under this
situation, monetary policy may not be the best tool to curb borrowing,
particularly at a time when the economy is fragile. Rather, regulatory
changes may be a more appropriate channel for prudential action.

* We note that the BoC's outlook represents the slowest recovery on record
for the Canadian economy, providing justification for rates to remain
stimulative through 2011.

* Putting it all together, we anticipate that the BoC will remain on hold
until March of next year. As the global recovery solidifies, the BoC will
want to resume lifting rates off emergency levels. We believe that BoC will
proceed with gradual rate hikes through 2011 and 2012, bringing the
overnight rate to 2.00% and 3.00% at the end of each respective year.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Tuesday, October 19, 2010

Bank of Canada holds the line on Bank Rate and Interest Rates in Canada

Hello,

This morning the Bank of Canada decided to maintain its overnight rate at 1.00%. Usually the prime rate moves along the overnight rate, which means that your variable interest rate will remain the same until the next Bank of Canada meeting on December 7th, 2010.

This announcement has no impact on fixed rates. In fact, the fixed mortgage rates are at ALL TIME LOW.


IF YOUR VARIABLE MORTGAGE RATE IS MORE THAN 2.5% (or a fixed rate over 4.10%) PLEASE CONTACT ME TO DISCUSS POTENTIAL SAVINGS.

Email me if you need more details.


I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Friday, October 15, 2010

Motivational and inspirational quotes - Feng Shui

Someone sent me these motivational and inspirational quotes and I thought I
would post them on my blog, great read, Enjoy!

Read more at my site at this link:

http://www.mississauga4sale.com/Motivation-Success-Ten-Scrolls.htm

Mark

 

ONE. Give people more than they expect and do it cheerfully.

TWO. Marry a man/woman you love to talk to. As you get older, their conversational skills will be as important as any other.

THREE. Don't believe all you hear, spend all you have or sleep all you want.


FOUR. When you say, 'I love you,' mean it.

FIVE. When you say, 'I'm sorry,' look the person in the eye.

SIX. Be engaged at least six months before you get married.

SEVEN. Believe in love at first sight.

EIGHT. Never laugh at anyone's dreams. People who don't have dreams don't have much.

NINE. Love deeply and passionately. You might get hurt but it's the only way to live life completely.

TEN.. In disagreements, fight fairly. No name calling.

ELEVEN. Don't judge people by their relatives.

TWELVE. Talk slowly but think quickly.

THIRTEEN! .. When someone asks you a question you don't want to answer, smile and ask, 'Why do you want to know?'

FOURTEEN. Remember that great love and great achievements involve great risk.

FIFTEEN. Say 'bless you' when you hear someone sneeze.

SIXTEEN. When you lose, don't lose the lesson.

SEVENTEEN. Remember the three R's: Respect for self; Respect for others; and Responsibility for all your actions.

EIGHTEEN. Don't let a little dispute injure a great friendship.

NINETEEN. When you realize you've made a mistake, take immediate steps to correct it.

TWENTY. Smile when picking up the phone. The caller will hear it in your voice

TWENTY- ONE. Spend some time alone.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm


Thursday, October 14, 2010

The current state of gold, silver, gasoline and the stock markets

Gold @ 1377.40
Silver @ 24.21
CDN $ @ 1.0009 I guess that is par.
Gasoline 107.4 cents per litre (good grief!)
TSX 12,674
DJIA 11,093

It's a little surreal when you look at the numbers above, who would have believed it - all this hysteria in metals and the markets leads me to believe that the edge of the cliff or at least a dip in the roller coaster may be near...... although I am an eternal optimist, I am very concerned that things have "run up" a little too quick......... only time will tell........

Where do we go from here?

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Average Home Prices January 1995 to Current Month in the GTA

This Chart shows the Average Home Prices January 1995 to Current Month.
Note the clear pattern of spring increase, summer decrease, fall increase
followed by winter decrease

This chart shows how the average home selling price cycles throughout the
year since 1995. it shows that prices typically increase in the spring,
decrease during the summer months, increase again in the fall and then
decrease again over the winter months.

The cycle repeats itself with almost absolute certainty, year after year
since 1995 up until 2008 when the market began to soften overall.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Tuesday, October 12, 2010

Historical Mortgage Interest Rates Since 1951

This chart shows you the 5 year mortgage interest rate since 1951. Clearly
we are at or near all time low interest rates and have experienced low
interest rates for about the past 6 or 7 years or so.


I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Friday, October 08, 2010

Mortage Interest Rate Comparison- 1 year rate versus 5 year rate

Mortage Interest Rate Comparison this graph shows the 1 year rate versus 5
year rate and the larger the gap between the 1 and 5 year rate, the more
opportunity for savings

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Thursday, October 07, 2010

GTA Single Family Residential Chart showing Average Price of Homes 1987 to Current Month

This chart shows the Average Price of Homes 1987 to Current Month Source:
Toronto Real Estate Board (single family residential average dollar values)
Due to district revisions, caution must be exercised when making historical
comparisons

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Wednesday, October 06, 2010

Current real estate market in the GTA, mortgage interest rates

Read my latest newsletter talking about the current real estate market in
the GTA, mortgage interest rates and more at this link:


http://www.mississauga4sale.com/newsletter/latest_newsletter.htm

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Tuesday, October 05, 2010

September real estate housing market in the GTA

This is the latest press release from TREB regarding the September real estate market in the GTA


GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, October 5, 2010 -- Greater Toronto REALTORS(r) reported 6,310 sales through the Multiple Listing Service(r) (MLS(r)) in September 2010.

This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 - up four per cent compared to the first three quarters of 2009.

"The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA," said Toronto Real Estate Board President Bill Johnston.

The average price for September transactions was $427,329- up five per cent compared to the average of $406,877 reported in September 2009. The average selling price through the first nine months of the year was $429,657.

"Resale homes in the GTA remain affordable," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability," continued Mercer.

"The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines. This is why the average home selling price has continued to grow."






I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Monday, October 04, 2010

REMAX Market Share in Mississauga for August 2010

The graphic below shows that REMAX holds the highest market share in the
Mississauga area for listings sold in the month of August

Clearly if you are thinking of selling your home in Mississauga, REMAX is
the company you should choose!


May I also point out that I have the premier top ranking site on
http://www.google.com/ for all of Mississauga. Try
searching the phrase Homes for Sale in Mississauga or any similar search
term and my site comes up number one. This means that you will receive huge
internet traffic on your listing. Read more about


http://www.mississauga4sale.com/Achieving-Number-One-On-Google.htm


how
this benefits you.


Have a great day!

Mark