It appears that one of the best rate product out there now is the 4 year fixed at 4.95%! It has been awhile since we have seen a 4 year rate quite this low. The variable has also dropped to 4.60% (prime +0.6%).
Mark
You have found the premier Mississauga Real Estate Blog. It's filled with Up-to-date and useful information about Housing Trends, Home Prices, Market Statistics, MLS Home Search, Buying and Selling Tips for Erin Mills, Meadowvale, Streetsville, Lisgar, Pheasant Run, Sawmill Valley, Credit Mills and Churchill Meadows areas of Mississauga, Ontario. Plus, you will find a few other posts about my clients real estate experiences and non real estate related topics that I hope you find of interest
This is an article from Scotiabank and CBC. It talks about the fact that the real estate boom of the past 12 years is over. We agents have know this for about the past 6 months or so, it just took a while for the press and the public to see the results of our slowing economy.
I wish you all the best!
Mark
Canada's housing boom over, but no collapse in sight: BNS
Last Updated:
But, this country will not see plunging home values to the same degree as other, more at-risk nations, like the
"This is not a 'U.S.-style' bust caused by overbuilding, speculative buying and imprudent lending," she wrote.
Instead, while
Essentially, the slowing global economy will crimp buyers' interest in home purchases across
"We expect that the correction in national average prices from their late-2007 peak will probably be in the range of 10-15 per cent, well below the ongoing
Falling prices - Housing starts - Region 2009 forecast Change from peak (%)
Canada 185K -19; B.C. 32K -18; Alberta 30K -39; Ontario 65K -24 Source: Scotiabank
In October 2007, the average price for a Canadian home was $312,024, according to the Canadian Real Estate Association.
If Scotiabank's prediction comes true, the average house price should reach a bottom somewhere close to $260,000, a drop of a further 7.5 per cent from the standard of $281,133 for a house in October 2008.
Her rationale for calling the end of
Urban areas in the especially red-hot region of Western Canada, like
Better off than the
Thus, while the Canuck housing market will drop in terms of prices and activity,
Interestingly, Canadian home prices never reached the stratosphere achieved by other markets.
Housing indicators - Country Price change '97-'07 (%): Price-to-income ratio (%)
Home prices in
As well, housing prices in some countries now represent more than a household's annual income, a measure of affordability.
In
Based upon valuation measures used by the International Monetary Fund, Australia, the United Kingdom, Spain and Ireland are likely to experience a more depressed housing market in the coming year than will Canada, Warren said.
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
One of the things that the instructor said to give some perspective on how
little of an oil leak or oil spill is necessary to contaminate ground water
drinking levels was:
1 cup of oil from an oil tank will contaminate water the size of an olympic
size swimming pool, which is threshold of 20mg of hydrocarbon per litre, or
20ppm
The point is that does not take too much of an oil spill or leak to ruin
well drinking water! Beware and make sure you do your testing before you
buy a home with well water, especially if there is an oil tank on the
property.
All the best!
Mark
December 4, 2008 -- TREB Members recorded 3,640 sales in November 2008 from the 7,313 sales recorded during the same period last year in the GTA, TREB President Maureen O’Neill announced today.
The average GTA price in November 2008 was $368,582. During the same period last year, the TorontoMLS system recorded an average of $393,747, and in November of 2006 overall GTA prices averaged $355,727.
The 2008 year-to-date sales for the GTA was recorded at 72,086 from last year’s 88,695. The year-to-date GTA average price was $379,489 from last year’s $375,445
Within the 416 area (City of Toronto) there were 1,523 sales during November 2008. During the same month last year, 3,426 sales were recorded. The average price in the 416 area was $390,225 compared to $433,859 in November 2007 and $381,188 in 2006.
In the City of Toronto, 28,806 sales have been recorded year-to-date for 2008 from last year’s 36,804 during the same time period. The year-to-date 2008 average price in the 416 area is $411,155 from last year’s $411,640.
The 905 Region recorded 2,117 sales last month, compared to the 3,887 sales transacted during November of 2007. The average price in the 905 Region was $353,012 last month from $358,391 in November of 2007 and $335,522 in November 2006.
Year-to-date sales in the 905 Region for 2008 were 43,280 from the 51,891 recorded during the same period in 2007. The year-to-date average price in the 905 Region for 2008 was $359,245 from $349,774 in 2007.
Breaking down the total, 1,453 sales were reported in TREB’s 28 West districts and averaged $350,199; 629 sales were reported in the 14 Central districts and averaged $473,346; 651 sales were reported in the 23 North districts and averaged $410,253; and 907 sales were reported in TREB’s 21 East districts and averaged $295,470.
Median Price
The Median Price for November 2008 was $312,250, compared to $325,000 in November of 2007 and $298,000 in 2006. The YTD Median for the first 11 months of 2008 was $325,000, compared to $318,000 during the same time-frame in 2007, and $300,000 in 2006.
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
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
Last Minute Home Staging Checklist for an Open House
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
Are you planning To Buy real estate before the winter?
Start your real estate education now by receiving all the newest Mississauga and Toronto house or condo MLS listings automatically for your favourite neighbourhoods!
Use this link to sign up to my neighbourhood watch program:
http://www.mississauga4sale.com/Neighbourhood-Watch.htm
After you provide us with some of your general home buying requirements, weekly or biweekly you will receive copies of those MLS listings that fit your criteria. It's that easy!
You'll discover what homes are selling for in the Mississauga neighbourhoods that you're interested in and you'll be able to more accurately plan for what size of down payment you'll need and what your monthly payments will be.
Just one more value added benefit to working with Mark Argentino of RE/MAX in Mississauga Ontario.
All the best!
Mark