Tuesday, January 31, 2012

Great GTA mortgage interest rates available

Hello!

If you are interested, I have some lenders who are offering the following:

3yr fixed is 2.79

4yr fixed is 2.89

5yr fixed is 3.09

or see best rates here: http://www.mississauga4sale.com/bestrate.htm

Just email me and I'll send you their information

Thanks

Mark

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, January 17, 2012

Bank of Canada interest rate announcement maintains overnight rate target at 1 per cent

The Bank of Canada is keeping the overnight internet rate fixed today at 1%

This is good news, the interests rates will remain steady for at least the next while!

See the full release below.
Mark





Bank of Canada maintains overnight rate target at 1 per cent

OTTAWA, Jan. 17, 2012 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

The outlook for the global economy has deteriorated and uncertainty has increased since the Bank released its October Monetary Policy Report (MPR).



The sovereign debt crisis in Europe has intensified, conditions in international financial markets have tightened and risk aversion has risen.



The recession in Europe is now expected to be deeper and longer than the Bank had anticipated in October. The Bank continues to assume that European authorities will implement sufficient measures to contain the crisis, although this assumption is clearly subject to downside risks. In the United States, while the rebound in real GDP during the second half of 2011 was stronger than anticipated, the Bank expects the U.S. recovery will proceed at a more modest pace going forward, owing to ongoing household deleveraging, fiscal consolidation and the spillovers from Europe. Chinese growth is decelerating as expected towards a more sustainable pace.



Commodity prices-with the exception of oil-are expected to be below the levels anticipated in the October MPR through 2013.


The Bank's overall outlook for the Canadian economy is little changed from the October MPR. While the economy had more momentum than anticipated in the second half of 2011, the pace of growth going forward is expected to be more modest than previously envisaged, largely due to the external environment.


Prolonged uncertainty about the global economic and financial environment is likely to dampen the rate of growth of business investment, albeit to a still-solid pace. Net exports are expected to contribute little to growth, reflecting moderate foreign demand and ongoing competitiveness challenges, including the persistent strength of the Canadian dollar.


In contrast, very favourable financing conditions are expected to buttress consumer spending and housing activity. Household expenditures are expected to remain high relative to GDP and the ratio of household debt to income is projected to rise further.


The Bank estimates that the economy grew by 2.4 per cent in 2011 and projects that it will grow by 2.0 per cent in 2012 and 2.8 per cent in 2013.


While the economy appears to be operating with less slack than previously assumed, given the more modest growth profile, the economy is only anticipated to return to full capacity by the third quarter of 2013, one quarter earlier than was expected in October.


The dynamics for inflation are similar to those anticipated in the October MPR, although the profile for inflation is marginally firmer.


Both total and core inflation are expected to moderate in 2012 and subsequently rise, reaching 2 per cent by the third quarter of 2013 as excess supply is slowly absorbed, labour compensation grows modestly and inflation expectations remain well-anchored.


Several significant upside and downside risks are present in the inflation outlook for Canada. Overall, the Bank judges that these risks are roughly balanced over the projection horizon.

Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent.


With the target interest rate near historic lows and the financial system functioning well, there is considerable monetary policy stimulus in Canada. The Bank will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risks, and set monetary policy consistent with achieving the 2 per cent inflation target over the medium term.


Information note:

A full update of the Bank's outlook for the economy and inflation, including risks to the projection, will be published in the MPR on 18 January 2012.


The next scheduled date for announcing the overnight rate target is 8 March 2012.



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, January 12, 2012

Months of Inventory (MOI) Indicator Toronto Real Estate Board now calculating and publishing

The Toronto Real Estate Board has just released a new indicator of the market. It's called a Months of Inventory indicator. It's calculated by dividing the previous 12 month average # of active listings by the previous 12 month average number of sales. The result is the average time to sell an actively listed property!


TREB Publishing New Months of Inventory Indicator

January 9, 2012 -- Happy New Year! I hope all TREB Members had a restful holiday season after a very busy 2011. Just to recap, we had the second-best year on record in terms of sales (89,347) and the average selling price rose by eight per cent to $465,412. At the same time, total new listings for the year were down by almost four per cent.

The supply side of the market was the big story over the last 12 months. I am guessing that many TREB Members had clients who faced significant competition from other Buyers when trying to get a deal done on a home. On the flip side, I am guessing that many Members also had listings that attracted substantial interest and sold in short order for a good price.



What I am describing here is a typical Sellers' market: lots of Buyers, a shortage of listings and strong price growth.


TREB is now publishing a Months of Inventory (MOI) indicator to help Members and the public get a better handle on market conditions. MOI is also published at the national scale in Canada by CREA and in the United States by NAR. I want to briefly explain how this new indicator works and then give some examples of its use.

MOI is calculated by dividing the 12-month average for active listings by the 12-month average for sales. The result tells us how long it would have taken, on average, to sell all actively listed homes. As of the end of December, this number was 2.2 months. If, moving forward, we see the MOI trend upwards this would suggest that the market is becoming better supplied and we may see less upward pressure on price. If we see the indicator trend lower, this would suggest that market conditions are tightening and strong upward pressure will continue to be exerted on price.

In the post-recession period, MOI has hovered in the 2.0 to 2.5 month range.


This is substantially lower than the pre-recession norm of between 3.0 and 3.5 month range. When we look at market conditions in this context, it is easy to see why we have seen above average price growth over the last couple of years - eight per cent last year following nine per cent in 2010.


We can also use MOI to compare different municipalities in the GTA. A look at the MOI column on pages 3 and 4 of the December Market Watch shows us that the relationship between sales and listings varies quite a bit across the region - from a low of 1.2 months to a high of over nine months.

The MOI can also help us position the GTA within the national context.


According to CREA, MOI was 7.4 months for Canada and 4.8 months for Ontario in November versus 2.2 months for the GTA. This may suggest that the GTA market is tighter than the national and Ontario averages. With this in mind, it is not surprising that year-to-date average price growth for the GTA was in the upper third of Canadian metropolitan areas.


However, when making these types of comparisons it is important to bear in mind that each market area has evolved differently over time. So, while a more balanced market in Toronto may be associated with MOI of 3.5, other markets may be characterized by a MOI of six months.


As we move through 2012, we should expect to see the MOI start to increase.



The strong price growth we have seen over the last year should prompt more households to list. In fact, we have started to see year-over-year growth in new listings outstrip growth in sales in many parts of the GTA. If this trend continues, we will likely see the annual rate of price growth moderate into the mid-single-digits.



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, January 11, 2012

This is the report for latest month in real estate sales from the Toronto real estate board and indicates a 'normal' amount of activity and price levels.

You will find all the latest figures and graphs summarizing last years real
estate market at this page:

http://www.mississauga4sale.com/TREBprice.htm

This is the report for latest month in real estate sales from the Toronto
real estate board and indicates a 'normal' amount of activity and price
levels.

All the best!
Mark


The year end figures for GTA residential home sales were just published.
2011 was the second best year on record with nearly 90,000 sales up about 4%
compared to 2010

Average price for 2011 was $465,412 up about 8% compared to the 2010 average
of $431,276

See the full press release below and I will update all my graphs and
information on my website at http://www.mississauga4sale.com/TREBprice.htm
in the next couple of days.

I wish you all the best in 2012!

Mark

What were they thinking? Actual Christmas Cards??

What were they thinking? Actual Christmas Cards





WOW!







What was this family thinking when they decided to take this photo and send it to their friends?









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and send it to their friends? famille









What was this family thinking when they decided to take this photo
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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, January 05, 2012

8 Per Cent Price Increase for Toronto and GTA residential home sales for 2011

The year end figures for GTA residential home sales were just published.
2011 was the second best year on record with nearly 90,000 sales up about 4% compared to 2010

Average price for 2011 was $465,412 up about 8% compared to the 2010 average of $431,276

See the full press release below and I will update all my graphs and information on my website at http://www.mississauga4sale.com/TREBprice.htm in the next couple of days.

I wish you all the best in 2012!

Mark





GTA REALTORS(r) RELEASE MONTHLY RESALE MARKET FIGURES

TORONTO, January 5, 2012 - Greater Toronto REALTORS(r) reported 4,718
transactions through the TorontoMLS(r) system in December 2011. The December
result capped off the second-best year on record under the current Toronto
Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347
- up four per cent in comparison to 2010.

"Low borrowing costs kept Buyers confident in their ability to comfortably
cover their mortgage payments along with other major housing costs," said
TREB President Richard Silver. "If Buyers had not been constrained by a
shortage of listings over the past 12 months, we would have been flirting
with a new sales record in the Greater Toronto Area," added Silver.

The average selling price in December was $451,436 - up four per cent
compared to December 2010. For all of 2011, the average selling price was
$465,412, an increase of eight per cent in comparison to the average of
$431,276 in 2010.

"Months of inventory remained below the pre-recession norm in 2011. Very
tight market conditions meant substantial competition between Buyers and
strong upward pressure on selling prices," said Jason Mercer, TREB's Senior
Manager of Market Analysis.


"TREB's baseline forecast for 2012 is for an average price of $485,000,
representing a more moderate four per cent annual rate of price growth. This
baseline view is subject to a heightened degree of risk given the uncertain
global economic outlook," continued Mercer. Summary of TorontoMLS(r) Sales
and Average Price


December 1-31

2011

2010


Sales

Ave. Price

Sales

Ave. Price


City of Toronto "416"

1,948

$474,270

1,818

$463,580


Rest of GTA "905"

2,770

$435,378

2,468

$411,383


GTA

4,718

$451,436

4,286

$433,523


TorontoMLS(r) Sales & Average Price By Home Type


December 1-31, 2011

Sales

Ave. Price


416

905

Total

416

905

Total


Detached

581

1,512

2,093

701,846

525,360

574,351


Yr./Yr. % Change

4%

12%

10%

3%

4%

3%


Semi-Detached

202

289

491

517,152

365,417

427,842


Yr./Yr. % Change

20%

12%

15%

10%

9%

10%


Townhouse

199

517

716

372,164

333,359

344,144


Yr./Yr. % Change

3%

20%

15%

-7%

8%

2%


Condo Apartment

943

363

1,306

351,104

275,173

330,000


Yr./Yr. % Change

7%

-3%

4%

3%

9%

5%