Tuesday, May 31, 2011

TREB west zones number of days on the market to sell from May 2011 report

GTA and Mississauga Real Estate and Toronto Real Estate News


Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, May 30, 2011

TREB west districts sales to active listings ratio from May 2011 report

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Friday, May 27, 2011

TREB single family residential breakdown of sales May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Thursday, May 26, 2011

TREB housing marketing indicators April 2010 compared to April 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Tuesday, May 24, 2011

Annual average and median prices for real estate in the gta from May 2011 report

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, May 23, 2011

TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities for the average priced home in the GTA subject to the following assumptions:
1.Average annual or year-to-date home price as reported by TREB
2.20 per cent down payment
3.Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4.Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5.Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6.Average household income reported by the Census of Canada. Years









Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Friday, May 20, 2011

RE: zero down payment

I was just asked this question:



Hi Mark

I was just on the website Mississauga 4sale and was reading that RBC may
offer zero down payments for new homes, Is this still the case?
V.




Hi V,

This plan was only available for a very short period of time, about 7 months and then the government removed it from options. 5% downpayment is the minimum now.

Read more at this page:
http://www.mississauga4sale.com/Zero-Down-Payment.htm
Please let me know if you have any other questions or require further information.

Thank you,

Mark


TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Sales May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Thursday, May 19, 2011

TD Canada Trust Report on Economic News - May 19, 2011

This is the latest news from TD Cnaada Trust, enjoy!
Mark


Release: The Canadian resale housing market softens in April



* After the mortgage rule changes that came into effect in March produced a "rush-to-buy" in the first quarter, existing home sales fell back 4.4% in April, to 36,564 units.



* Regionally the largest declines were seen in some of Canada's most active and expensive markets namely Toronto, Vancouver and the Fraser Valley - areas which had seen the biggest rush-to-buy ahead of the rule changes.



* However, sellers remained optimistic with new listings up 1.3% in April, after falling in March. An increase in new listings combined with softer sales pushed the sales-to-new listings rate to 0.525, from 0.557 in March, well within the territory of a balanced market, defined as a ratio between 0.45-0.60. On the whole, the Canadian Real Estate Association (CREA) characterizes two-thirds of local markets in Canada as balanced in April, with only half of the remaining markets classified as a "sellers'" market.



* Those "balanced" markets produced a 0.5% softening in home prices in April, although prices are still up 8.0% year-on-year. Lately a hot market in certain segments of Vancouver real estate has left an indelible mark on the price increase nationally national tally. Excluding Greater Vancouver, Canadian home prices are up a more moderate 5.1% year-on-year.



Key Implications



* April's decline in existing home sales shows the impact of the March 18th changes to mortgage rules that lifted existing home sales in Q1 to their highest level in a year as buyers rushed to buy ahead of the change. We don't expect the first quarter's pace to be sustained and April's reading
sets the stage for an expected softening.



* That said, decent employment and income gains and a still-low interest rate environment continue to provide a relatively favourable backdrop for home sales, and so we expect Canada's housing market to land softly. And after the rule-change inspired gyrations are in the rear-view mirror, we see sales gradually moderating as interest rates rise in the second half of this year.



* For the most part, Canada's housing market remains in a well-balanced position with few price pressures on the horizon. However, the national average price tally continues to be skewed by higher flying markets in Greater Vancouver and this area remains a key one to watch in the coming months.



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

2011 TREB MLS® Average Price Monthly Time Series with Trend Line Actual May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News


Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the trend.



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, May 18, 2011

Mid month Toronto Real Estate Board report on resale home sales in the GTA

This is the mid month report from the Toronto Real Estate Board on resale
home sales in the GTA

Once again, the number of sales is down comparing year over year but the
prices are up about 8% for the same period!

GTA REALTORS(r) Report Mid-Month Resale Housing Market Figures

TORONTO, May 18, 2011 -- Greater Toronto REALTORS(r) reported 4,774 sales
through the TorontoMLS(r) during the first two weeks of May 2011. This
result was two per cent lower than the May 2010 figure of 4,887.

"The strong sales reported for the first half of May reflect the positive
economic outlook for the GTA. With the number of jobs increasing and
earnings growing, it makes sense that households remain confident in their
ability to purchase and pay for a home over the long term," said Toronto
Real Estate Board President Bill Johnston.

The average selling price for the first 14 days of May was $486,223 - an
increase of more than eight per cent compared to the same period in 2010.

"The average home selling price has been growing at a faster rate over the
last two months. This is not surprising given that the number of homes
available for sale has been down substantially in comparison to 2010.
Increased competition between buyers for available listings has prompted
enhanced

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

TREB MLS® New Listings Monthly Time Series with Trend Line Actual May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News





Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.


Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Tuesday, May 17, 2011

Short or Long Term Mortgage - What's best for you?

"Short or Long Term Mortgage - What's best for you?" This is probably one of the most frequent questions that people ask me,

Should you go short or long term on your mortgage?

I've created some good information for you to read about this dilemma at
this page:
<http://www.mississauga4sale.com/Lock-In-Short-Term-Long-Term-Mortgage.htm>
Short or Long Term Mortgage

Please let me know if you have any other questions.

Mark

TREB single family dwelling residential breakdown of average price from May 2011 report



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, May 16, 2011

TREB Housing Types and what they sold for in March 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

TREB MLS® Sales Monthly Time Series with Trend Line Actual May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.


Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Sunday, May 15, 2011

TREB MLS® Sales to New Listings Ratio Monthly with Three Previous Years for Comparison May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News

Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. When the SNLR moves higher, annual average price growth generally increases –often at a rate well above inflation. When the SNLR moves lower, annual average price growth generally declines and can become negative.

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Saturday, May 14, 2011

GTA current mortgage interest rates

These are the latest, best rates for Canadian mortgages. .


Terms

Market Rates*

Best Rates†


6 mth

4.45%

4.40%


1 yr

3.70%

2.64%


2 yr

4.05%

3.40%


3 yr

4.55%

3.52%


4 yr

5.19%

3.79%


5 yr

5.69%

4.04%


7 yr

6.49%

5.09%


10 yr

6.85%

5.34%


5 yr VRM

Prime (3.00%)

2.25%(Prime -.75%)**

* Market rate is the posted rate offered by the majority of Canadian
financial institutions. † OAC. Certain conditions may apply. Rate subject to
borrower, property qualification and can change without notice.
E&OE.**Please call for variable rate specials

TREB single family dwelling residential breakdown of sales from May 2011 report

GTA and Mississauga Real Estate and Toronto Real Estate News

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Friday, May 13, 2011

TREB MLS® Average Resale Home Price Monthly with Three Previous Years for Comparison May 2011

GTA and Mississauga Real Estate and Toronto Real Estate News


Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, May 11, 2011

TREB MLS® New Listings Monthly with Three Previous Years for Comparison May 2011




Explanation: This chart plots monthly MLS® new listings for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Tuesday, May 10, 2011

TREB single family dwelling residential breakdown of active listings from May 2011 report



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, May 09, 2011

Mortgage interest rates in the GTA

The table below shows you the current posted mortgage interest rates by most
banks and the rate that is obtainable from one lender I deal with.
If you want more information on rates, please let me know
Thanks
Mark








































































































ermsPosted
Rates
Obtainable Rates
6 MONTHS4.45%4.45%
1 YEAR3.70%2.64%
2 YEARS4.05%3.40%
3 YEARS4.55%3.52%
4 YEARS5.19%3.79%
5 YEARS5.69%4.19%
7 YEARS6.49%4.79%
10 YEARS6.85%4.99%
Rates are subject to
change without notice. *OAC E&OE


Other
Rates:






















CURRENT PRIME RATE IS3.00%

































PRODUCTRATE
Variable Rate Mortgage: Prime - 0.752.25%







Terms Posted Rates Obtainable Rates
6 MONTHS 4.45% 4.45%
1 YEAR 3.70% 2.64%
2 YEARS 4.05% 3.40%
3 YEARS 4.55% 3.52%
4 YEARS 5.19% 3.79%
5 YEARS 5.69% 4.19%
7 YEARS 6.49% 4.79%
10 YEARS 6.85% 4.99%
Rates are subject to change without notice. *OAC E&OE




Other Rates:




CURRENT PRIME RATE IS 3.00%



PRODUCT RATE
Variable Rate Mortgage: Prime - 0.75 2.25%



Lower rates may be available in certain regions, or to those with higher
credit scores or higher net worth - be sure to check with your mortgage
broker for full 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

TREB MLSR Sales Monthly with Three Previous Years for Comparison May 2011




Explanation: This chart plots monthly MLS(r) sales for the current year and
the previous three years. The recurring seasonal trend can be examined along
with comparisons to previous years for each month.

Friday, May 06, 2011

TREB single family residential breakdown of sales May 2011



Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, May 04, 2011

Toronto Real Estate Board on April resale housing prices and sales volumes

This is the latest report from the Toronto Real Estate Board on April resale
housing prices and sales volumes


GTA REALTORS(r) REPORT MONTHLY RESALE HOUSING FIGURES



TORONTO, May 4, 2011 -- Greater Toronto REALTORS(r) reported 9,041 existing
home sales through the TorontoMLS(r) system in April 2011.



This result was down 17 per cent compared April 2010 when sales spiked to a
new record of 10,898.



While off last year's record result, April 2011 sales were in line with the
average April sales level reported over the previous five years.



"Existing home sales have been strong from a historic perspective through
the first four months of 2011.



Expect the pace of sales to remain robust through the spring, as the economy
expands and home buyers continue to benefit from affordable home ownership
opportunities," said Toronto Real Estate Board (TREB) President Bill
Johnston.



Market conditions tightened markedly over the last year. April 2011 sales
accounted for 62 per cent of new listings during the month - up
substantially from 53 per cent in April 2010. Tighter conditions resulted in
the average April selling price growing by nine per cent annually to
$477,407.



"The number of listings has been below expectations so far this year.
Increased competition between home buyers has led to an accelerating annual
rate of price growth," said Jason Mercer, TREB's Senior Manager of Market
Analysis. "The strong price growth experienced in April should result in
more listings and more balanced market conditions."








Let's hope this is the case!



All the best



Mark