TREB MLS® Sales Monthly Time Series with Trend Line Actual

Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

TREB MLS® Average Resale Home Price Monthly with Three Previous Years for Comparison

Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Sales

TREB MLS® Sales-to-New Listings Ratio Monthly with Three Previous Years for Comparison

Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. When the SNLR moves higher, annual average price growth generally increases –often at a rate well above inflation. When the SNLR moves lower, annual average price growth generally declines and can become negative.


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

TREB MLS® New Listings Monthly with Three Previous Years for Comparison

TREB MLS® New Listings Monthly with Three Previous Years for Comparison


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Avg

TREB MLS® Sales Monthly with Three Previous Years for Comparison


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

Do prices increase the same percentage in all price ranges?

I had another question from a client that I thought I would share with you
along with my answer

The question was:

Hi Mark,

Thanks for the great web site - I am trying to determine the price appreciation of a particular home that was sold in 2004

Your graphs at http://www.mississauga4sale.com/TREBprice.htm#graph suggest a 25-35% increase from 2004 levels for average home prices $300k -$400k range.

I was wondering if you thought the relationship would hold for houses higher than the average i.e. can the 25%-35% be applied to the higher price ranges??

Or is there data that indicates that more expensive homes appreciated at slower rate?

Thanks for you help

F.

This is my answer:

Hi F .,

Thank you for your real estate inquiry and kind comments.

The data that I have looked at over the past couple of decades indicates that the more expensive homes tend to increase at a higher percentage than the average.

If the purpose of your study is for a truly important purpose, it may be prudent to have an appraisal performed on the property. The cost would only be about $250 to $300 or so, but as I said, if it's important, it well worth the investment.

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

10 Rules of the Universe

When I was researching the internet yesterday I came across the follow 10
Universal principals, these are all pretty good!

Rules of the Universe

1. Light travels faster than sound. This is why some people appear bright until you hear them speak.

2. Change is inevitable, except from a vending machine.

3. Those who live by the sword get shot by those who don't.

4. Nothing is foolproof to a sufficiently talented fool.

5. The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong.

6. If you lined up all the cars in the world end to end, someone would be stupid enough to try to pass them, five or six at a time, on a hill, in the fog.

7. The things that come to those who wait will be the scraggly junk left by those who got there first.

8. The shin bone is a device for finding furniture in a dark room.

9. A fine is a tax for doing wrong. A tax is a fine for doing well.

10. When you go into court, you are putting yourself into the hands of 12 people who weren't smart enough to get out of jury duty.

All the Best!

Mark

Should I buy my larger home this year or wait??

The question that a client just asked me was "Dear Mark, Should I buy my larger home this year or wait??"

My answer was:

Hi C,

Thank you for your real estate email inquiry. This is not an easy question to answer. Nobody knows 100% but if the past 16 years are any indication and if the last 2 months are any indication, then you should be trading up now rather than waiting.

The real estate companies have almost all increased their predictions on price increases for this year. Initially many were saying that they expect a 2 to 4% increase in prices, now it's more like 4 to 7% and even higher.

Prices are currently escalating.

When the market prices increase the larger homes always increase more. For example, if you currently live in a $300,000 townhouse and prices increase from March 1 to June 1 by 5% then the townhouse will increase by about $15,000. But, a home that is currently $400,000 will increase by at least $25,000 to maybe even $40,000 or more. This is always the case. The larger priced properties increase more.

I've been watching the market very closely since the last drop in the market prices, which was January of 2008. Since that time prices have only escalated each quarter and this is quite unnerving. If you read Garth Turner, he preaches doom and gloom all the time and the fact that the bubble is about to burst. I have followed Garth Turner since I got in the business in 1987 and he was often right back in the late 80's and early 90's but since 1995 prices have only gone up every year, year after year. See here:
http://www.mississauga4sale.com/TREBavg1995date.htm

Again, nobody can know for certain what will happen in the future, but it appears prices in the GTA will continue their steady upward slope for the foreseeable future.

If prices only increase 4% per year, the average will be well over $638,000 in a few short years! See the graph here:

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

When you trade up it's better to buy first and then sell, but this is a tough decision and requires much thought, read more about this here:

http://www.mississauga4sale.com/sell-first-or-buy-first.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

Benefits of signing a Buyer Representation Agreement TREB video

Benefits of signing a Buyer Representation Agreement TREB video




For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

Latest Economic News from TD Canada Trust

Hello, I thought you might find this an interesting read from TD's
perspective on the economy.
Enjoy!
Mark

March 1, 2011

Data Release: Tax Cuts Boost Personal Income in January, But Spending
Disappoints

* Personal income bettered market expectations in January jumping 1.0%,
driven largely by payroll tax cuts.

Personal disposable income (PDI) was up 0.7% on the month; however, were it
not for the impact of the tax

changes PDI growth would have been up only a scant 0.1%, after a 0.4% gain
in December.

* Personal consumption expenditures disappointed markets, posting only a
0.2% increase in January. That muted

spending growth pushed the savings rate up a few ticks to 5.8%. The savings
rate had averaged 5.4% in the fourth

quarter of last year.

* Spending was even softer in real terms, down 0.1% on the month - the first
contraction since last April. That

reflected real declines in nondurables (-0.2%) and services (-0.1%), with
spending on durables managing to

register a 0.3% gain.

* Inflation as measured by the personal consumption deflator rose to 1.2%
unchanged from December, while core

PCE inflation (ex food & energy) is running at a 0.8% pace year-on-year, the
same reading for four months now.

Key Implications

* Today's disappointing showing for real consumer spending means that we
will likely have to revise down our target

for first quarter consumer spending. We see consumer spending posting a
closer to 2.5% pace in Q1, down from

our previous expectations of 2.9%. And in turn will likely result in
slightly lower real GDP growth than we had been

expecting for Q1.

* That said, the US saw some pretty significant storms in January, and we
could see a comeback in the months

ahead, particularly given the healthy headline income gain, although not
soon enough to save real spending in Q1.

* January's poor spending performance also stands in stark contrast to the
more positive mood consumers have

been reporting in recent confidence surveys, suggesting that the healthy
income gains should lead to decent

consumer spending growth in 2011. Friday's payrolls reading for February
will be eagerly awaited to see if jobs

growth will pick up to further underpin sustained spending growth ahead.

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

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www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

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