There are rumours in the marketplace that the Bank of Canada may increase their prime rate sooner than expected. If this is the case, then you may wish to lock in your mortgage rate now if you are eventually considering this option.
If you are purchasing in the next few months, then definitely you want to lock in your rate today, that way you are safe.
Thank you,
Mark
This is what I just heard Due to inflation pressure, Bank of Canada might raise the prime rate sooner than originally expected. I have seen bond yield rates have gone up sharply.
That means fixed rates might go up very soon. So please do your clients a favor to lock fixed rates for 120 days.
Great rate offered for pre-approval: 3.69% for 5 year fixed. Once the application is sent in, the rate will be guaranteed for 120 days.
For clients who want to take advantage of lower variable rates, P-0.5% (1.75%) is still available.
Best regards,
Warren Z.
Friday, March 26, 2010
Average number of sales in GTA up significantly year over year
This graph shows the average number of sales over the past year. It clearly
indicates that the number of sale for February 2010 was about 1.5 times
higher than February of 2009
This indicates the market is much more active this time of year.
indicates that the number of sale for February 2010 was about 1.5 times
higher than February of 2009
This indicates the market is much more active this time of year.
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?
Thursday, March 25, 2010
Where can you get this return? Average and medium sale prices for last 10 years in GTA real estate
years. This graph clearly indicates that real estate is a great investment
over the long term.
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
Wednesday, March 24, 2010
index
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
Down is the number of days on the market for Mississauga, Oakville, Etobicoke and west zones of the GTA
Etobicoke and west zones of the GTA
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
Tuesday, March 23, 2010
CREA announces new rules to appease the Competition Bureau March 22 2010
In a nutshell, these are the changes announced by CREA regarding the MLS system and how they came about:
* the competition bureau thinks that CREA is restricting trade in real estate in Canada by not allowing private sellers or flat fee real estate brokers to upload listings on their mls (multiple listing service) system
* to answer and address this issue, CREA announced March 22, 2010 that flat fee real estate companies may list their properties on the mls.
CREA feels that this essentially allows sellers to list their homes for a small fee through a registered real estate broker on the mls and have the seller's name appear on the listing so other brokers and buyers may contact the owner directly for showings and negotiating the offer
* CREA thinks that the changes make it possible for homeowners to pay a one-time fee to list a property on the MLS -- which would ensure maximum exposure -- and have prospective buyers contact them directly by phone.
* The Competition bureau does not think this announcement opens the mls system, and they believe it actually goes in the wrong direction
Who is right?
I feel that the announcement will allow more open access to the mls system.
I don't think it will change the mls system and the way we do business overnight, but this is just another option that sellers have when it comes to selling their home. The vast majority will continue to sell their homes through agents through the mls.
There will always be sellers who want to sell privately and allowing a flat fee access to the mls facilitates these private sellers access to the mls system.
Most feel that there will continue to be the need for the middlemen between home buyers and home sellers: you will still need a place to advertise your property, a place to compile market information, and you may even want some well-compensated expert guidance.
This will continue to be a very high profile issue with no simple or easy final answer on the horizon.
Other thoughts and issues are as follows:
* the competition bureau does not think this is satisfactory because it still allows for limitations and not a completely 100% open mls system
CREA owns the Multiple Listing Service, which includes the public websites MLS.ca and Realtor.ca.
The menu of services offered by real estate brokers may even grow, but some prices will fall and customers will be able to choose what level of service they want.
CREA is an industry group that represents more than 98,000 real estate agents across the country.
* extreme discount brokers that offer low or nearly non existent services to clients to list properties on the mls
There are many issues regarding opening up the mls system to flat fee brokers and sellers who want little or no representation in a real estate transaction
* The Canadian Real Estate Association approved changes Monday that will give those who buy or sell their homes on its listing service more power to handle portions of the transaction on their own, but it was not enough to satisfy the Competition Commissioner.
* In a move to cut off a challenge by the Competition Bureau, which feels the current system is too restrictive because anyone listing on the Multiple Listing Service must employ an agent through the entire process, the association's members voted at its annual general meeting in Ottawa to loosen its own rules.
* Now, a consumer will be able to pay an agent a flat fee - zero is not an option - to list on the MLS, where about 90 per cent of all home sales are done. Agents must now pass along a seller's home phone number, if the seller chooses, directly to an interested buyer if asked.
* "Through the proactive clarifications of the existing rules, CREA believes the concerns raised by the Competition Bureau are fully addressed," the organization said in a news release. "At the same time, these amendments ensure the continued integrity of MLS systems and the accuracy of information on board MLS systems that Canadians have come to trust."
* The bureau disagreed, saying the change didn't go far enough because CREA could still change the rules at any point and place more restrictions on anyone who tried to offer innovative services.
* CREA wouldn't provide further comment, with its legal counsel stating it would rather wait for the case to go before the Competition Tribunal. The association's president, Dale Ripplinger, said the changes "wouldn't make sense to anyone who wasn't a real estate agent," before abruptly calling off a news conference.
* The vote was seen as a way for Canada's real estate sales industry to satisfy concerns raised by the Competition Bureau, which has filed charges with the Competition Tribunal alleging the real estate association makes it impossible for any of its members to offer consumers fee-based services for particular portions of a transaction, such as listing on the MLS or negotiating a sale price.
* This leads to higher prices for consumers, the Bureau says.
* The proposed changes were a key pillar in the real estate organization's defence before the Tribunal. The association must submit its response to the charges by March 25 and the organization hoped a strong vote from its members on the key issues troubling the Competition Bureau would be enough to have the charges set aside.
* The MLS has operated for more than 50 years and only registered agents are allowed to list homes on the service. The MLS trademark is owned by CREA, and each real estate board operates the service in its region.
While anyone can sell their home on their own, having a listing on the service is seen as an integral part of achieving the best sales price.
* A CREA spokesperson said the changes would be implemented "as soon as it is reasonable at each local board."
The Internet has changed the way prospective homebuyers shop for properties and has raised questions about whether real estate services in Canada are overvalued.
A 2007 court decision in the U.S. opened up similar data to Americans, leading to lower real estate fees as well as a wide range of innovative web-based real estate services.
Opening up the MLS would put downward pressure on real estate fees, the Bureau has said
It will be a very interesting few months ahead as these issues are addressed and solutions are reached.
If you have questions, please don't hesitate to contact me.
All the best!
Mark
Single family residential number of sales in Toronto and GTA
considerably. February of 2010 was almost double of the previous year.
Market is fast and sale sales are up!
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
Monday, March 22, 2010
Type of property sales in the single family residential area of the GTA
sales in the single family residential area of the GTA
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
Sunday, March 21, 2010
Real Estate Market stats in Toronto and GTA show activity is very hot right now!
considerably for February 2010 compared to February 2009
As well the number of active listings is down 32% and the days on the market
is half of what it was a year ago.
This all indicates that we are experiencing a very fast, hot market in
February 2010 compared to February of 2009
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
Friday, March 19, 2010
Mortgage Interest Rate update for Mississauga, Toronto and the GTA
The chart below shows you the current posted and attainable mortgage
interest rates in the Mississauga, Toronto and the GTA areas
TERM POSTED Attainable
RATES*
6 Month 4.60% 3.50%
1 Year 3.65% 2.35%
2 Year 3.95% 2.80%
3 Year 4.30% 3.25%
4 Year 5.04% 3.64%
5 Year 5.39% 3.64%
7 Year 6.30% 4.95%
10 Year 6.50% 5.20%
Variable Rate 1.75%
Prime Rate 2.25%
* Rates may vary and are subject to change without notice OAC.
Rates Last Updated: Thursday, March 18, 2010
interest rates in the Mississauga, Toronto and the GTA areas
TERM POSTED Attainable
RATES*
6 Month 4.60% 3.50%
1 Year 3.65% 2.35%
2 Year 3.95% 2.80%
3 Year 4.30% 3.25%
4 Year 5.04% 3.64%
5 Year 5.39% 3.64%
7 Year 6.30% 4.95%
10 Year 6.50% 5.20%
Variable Rate 1.75%
Prime Rate 2.25%
* Rates may vary and are subject to change without notice OAC.
Rates Last Updated: Thursday, March 18, 2010
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> Current Home
<http://www.mississauga4sale.com/TREBprice.htm> Prices Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm>
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
* E-MAIL <mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga Real Estate
Information Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* Power of Sales and Foreclosures
<http://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
<http://www.mississauga4sale.com/popupquestion.htm> Real Estate Newsletter
sign up
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
* Would you like me to send you a 2010 Calendar
<http://www.mississauga4sale.com/Calendar-Order-Form.htm> ?
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