Thursday, February 28, 2013

Basement Apartments in Mississauga and Peel Region

The basement apartment issue in Mississauga and surrounding areas is an important part of current and future planning.

I was asked a question about basement apartments in Mississauga and thought I would share my answer with you.

I was asked:

Hi Mark,

Thanks for your reply, I am located in Mississauga, have they not passed a Law yet in Mississauga? Is there a ETA?
I came across a blog on
The writing says that basement Apartments are now Legal in Ontario .

Could you clarify that?
My home has a Basement Apartment, would I now be able to rent it out legally?


Hello H,

Correct, they have not updated the by-laws in Mississauga as yet. They've  been working on the process and all the details, they even had me in for an  interview, but it's a long involved process. It should be implemented  sometime later this year, is my guess. You can contact the Planning  department for the City of Mississauga for more information.

There is a public information session coming up soon, not sure the date.

I'll try and find it and post it on my blog

You can search "Proposed Amendments to Mississauga Official Plan and Zoning By-law 0225-2007 – Second Units" at the the City of Mississauga website and find the most current information

Once it's lawful to have a basement apartment in your home in Mississauga,  then you will need to apply to make your apartment legal, the city and the  fire department will inspect your unit and tell you if it complies or not. 

This will be the process, in a nutshell.

Please let me know if you have any other questions or require further information.

Thank you,


Wednesday, February 06, 2013

Month by month snapshot of how our Mississauga and GTA real estate market has performed over the past year

This is a month by month snapshot of how our market has performed over the past year.

The average price has increased 5-6% comparing December 2011 with December 2012, but not month over month.

2012 average monthly prices

January $462,655
February $500,249
March $500,894
April $515,869
May $514,546
June $507,366
July $475,507
August $477,533
September $501,704
October $502,274
November $485,544
December $478,739

Year-to-Date overall average price $497,298

See the month to month prices at this graph.

and this is the page on my site that has the data:

Prices have only stayed about steady or fallen over the past 6 months.

Thank you,


Tuesday, February 05, 2013

GTA and Mississauga Real Estate market results for January 1013


The figures are in for January 2013

* Sales volume in January down less than 1% year over year
* Prices up 4.3% in January 2013 compared to January 2012
* Prices up less than 1% comparing January 2013 to December 2012
* TREB is predicting a 3-5% increase in prices in 2013

Read the full report below



TORONTO, February 5, 2013 - Greater Toronto Area REALTORS(r) reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

"The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012.

This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market," said Toronto Real Estate Board (TREB) president Ann Hannah.

"It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto," added Ms. Hannah.

The average selling price for January 2013 sales was $482,648 - up by 4.3 per cent compared to $462,655 in January 2012. The MLS(r) Home Price Index (HPI) Composite Benchmark price was up by 3.8 per cent over the same period.

"There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year," said Jason Mercer, TREB's Senior Manager of Market Analysis.

see graphs and data at this link

Thank you,