$600,000 is the Prediction for the average home price in the GTA by 2020

We are in for another decade of growth in the GTA, Toronto and Mississauga Real Estate market.

If average prices increase by only 4% per year the average price in the GTA should be about $600,000 by 2020

See this graph: http://www.mississauga4sale.com/TREBprice.htm#prediction

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : 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 ?
• Power of Sales and Foreclosures
• 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
• See seasonal housing patterns
• Would you like me to send you a 2010 Calendar?

Low number of properties on the market in Mississauga, Toronto and GTA

This is the latest press release from RE/MAX regarding the state of our market. There is certainly a low number of properties on the market in Mississauga and this will only fuel the market!
All the best!
Mark


Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

Mississauga, ON (February 24, 2010) - Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers. As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.

"There have never been so many motivating factors in play at once," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "We're in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close. The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies."

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : 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 ?
• Power of Sales and Foreclosures
• 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
• See seasonal housing patterns
• Would you like me to send you a 2010 Calendar?

Where can you find TAX Sale Properties?

This is another question that I received about Tax Sale Properties, and of course my answer!

Hi Mark, I have a question, we are interested in Tax Sale Homes for our business could you send me listings for those? Thanks and have a great day Sam

Hi Sam,

We don't see too many Tax Sale Properties on the MLS. Some realtors may do this for a fee, but I don't know of any. Buying a tax sale property is a very involved process, plus you have to submit sealed bids or be at the actual auction, so it takes up much time and effort. I think this is partly why they end up being reasonable purchases.

With that said, almost every single tax property I've looked at has a major deficiency of some kind. For example, it may be landlocked, it may be a very long thin slice of property of not much use, it may be just barren rock or very swampy lowlands, or a slice of land adjacent to major highway or railway that is not of much use, or 50 acres in the middle of nowhere with only a logging road to it (something of nice use, but not too much value) I think you get the idea. I am not trying to be negative, just giving you my experience. With that said, there was a tax sale property of a detached home on Britannia about a year ago, I don't know if it sold or if the owner paid up the taxes, I will try and hunt it down for my information and if I find it, I will email you again.

If you are in Mississauga (or any municipality for that matter), I would go to the tax office at city hall to obtain the next sale of properties to see what it's all about and the process and then you can decide if this is something you want to pursue.

I wish you all the best with your Tax Sale Search.

read more here:

http://www.mississauga4sale.com/Power-Sales-TAX-Sales.htm

Please let me know if you have any other questions or if there is anything else I can help you with.

Thank you again for contacting me and I will do my best to help you with your real estate needs,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : 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 ?
• 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
• See seasonal housing patterns
• Would you like me to send you a 2010 Calendar?

Ratio of the number of sales to active listings for the West GTA zones, W01 to W28, Etobicoke, Mississauga, Brampton and west

This graph clearly shows that the number of sales to active listings ratio for the West GTA zones, W01 to W28, Etobicoke, Mississauga, Brampton and west, is about 43% or so and indicates that 43% of all listings on the market are selling, much higher than the period back in the spring of 2009

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

Number of days on the market before a property sells in the West Zones of the GTA, Etobicoke, Mississauga, Oakville west

This graph shows you the number of days on the market before a property sells in the West Zones of the GTA, Etobicoke, Mississauga, Oakville west. It clearly shows that it takes about half the time to sell a property today versus a year ago, a dramatic change in the real estate marketplace indeed!

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

Current Mortgage Interest Rates

This chart shows you the Current Mortgage Interest Rates and the obtainable rates.

TERM	POSTED	Achievable RATES*
6 Month	4.60%	3.50%
1 Year	3.65%	2.35%
2 Year	3.95%	2.90%
3 Year	4.30%	3.25%
4 Year	5.04%	3.69%
5 Year	5.39%	3.69%
7 Year	6.30%	4.95%
10 Year	6.50%	5.20%
Variable Rate		1.85%
Prime Rate		2.25%

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : 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 ?
• Power of Sales and Foreclosures
• 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
• See seasonal housing patterns
• Would you like me to send you a 2010 Calendar?

Number of single family residential sales over the past 12 months in the GTA and Toronto

This graph shows you the number of single family residential sales over the past 12 months in the GTA and Toronto and clearly indicates that April, May and June period were the most active in the past 12 months

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

Breakdown of sales in the GTA and Toronto showing you which dwelling types sell more than others

This figure shows you the breakdown of sales in the GTA and Toronto showing you which dwelling types sell more than others. It compares detached, semi detached, townhomes, condos, freehold townhomes, co-ops, links and detached homes. Detached homes continue to make up about 46% of all sales followed by highrise condominium properties making up 26% of all sales

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

Mortgage qualification changes in Canada

The Bank of Canada announced some changes to the mortgage act in Canada

These changes affect the qualification rules

There are two types of buyers that the bank is attempting to address; buyers purchasing properties more than they can afford and investors flipping properties

The Bank of Canada feels there no definitive signs of a housing bubble , so they are slowing a 'NON' bubble.

How have they tightened the rules:

• Buyers with less than 20% downpayment must show they can afford a 5 year mortgage
• Investors must have minimum 20% downpayment

The changes take effect in mid April and some lenders may implement sooner

All the best!
Mark

Number of sales and average prices for the past 13 months for single family residential properties sold in the GTA and Toronto areas

This chart shows you the number of sales and average prices for the past 13 months for single family residential properties sold in the GTA and Toronto areas

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