The difference between mortgage term, mortgage amortization and your interest rate

Hello, I've written quite a bit about mortgage rates and believing that most people should choose short term variable on their mortage and the reasons why. I've just created another page outlining the differences between your mortgage term, mortgage amortization and how this results in your interest rate. Read more about mortgage term, mortgage amortization and your interest rate. I wish you all the best! Mark 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

HST and how it applies in the Resale housing market in Toronto and the GTA

This is another video from TREB (Toronto Real Estate Board) and it talks about HST and how it applies to the real estate transaction in the GTA and Toronto areas, enjoy! Mark 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

Mortgages difference between the term, amortization and the rate of a mortgage

People sometimes are confused between the term, amortization and the rate of a mortgage. I was asked the following question: Are the rates on your website based on a 5 yr/25 yr amortization?

Thank you

M.

My answer was

Hi M ., Thank you for your real estate inquiry.

Rates vary depending upon whether they are open, variable or 1 to 5 year rates - and this is what affects the actual rate that you will receive .

The amortization, whether it's 25 year or 20 or 30 will determine the payment based upon the rate you have with your mortgage.

Read more about mortgages at this page of my site:

http://www.mississauga4sale.com/Mortgage-Payment-Options.htm

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

* Power of Sales and Foreclosures 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 Real Estate Newsletter sign up www.mississauga4sale.com/popupquestion.htm

* See seasonal housing patterns www.mississauga4sale.com/TREBprice.htm

* Would you like me to send you a desk or wall Calendar? www.mississauga4sale.com/Calendar-Order-Form.htm

GTA Toronto real estate market forcast for 2011 and 2012

This is the latest video from TREB that talks about the real estate market forcast for 2011 and 2012 in the GTA, Toronto and area, enjoy! Mark 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 Price Monthly Time Series with Trend Line Actual March 2011

Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. 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 average price 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

Can you solve this mystery about which sign is correct?

How cool is this, a friend of mine sent me the image below
The caption read:
"This was taken in Calgary."

check it out, look where he says it's from, it's exactly the same sign as
the one below and the one below states that it's from
"On the Yellowhead Highway #16 in northern British Columbia"

...with all the exact wording below the gasoline prices

So someone in the one of the images has done a cut and paste job!

I'll believe the one from Esso in Canada before I believe the image from
Exxon form the US

I could be wrong, but it would be just like an American to take a Canadian
sign, cut and paste it onto an American Icon (EXXON) and take the credit....
the internet and people are amazing in how they manipulate things

Does anyone know for sure which one is the correct sign?

The other Joke here is that we in Toronto and most of Canada are paying just over $1.20 per litre of gasoline, whereas most of the USA is paying about $3.50 per USGallon, when you do the conversion we are paying about $4.54 per USGallon or converting the other way Americans are paying about 92.6 Cents/Litre - we are getting overcharged for gasoline in Canada!

If the price in the USA were $4.54 per gallon, US citizens would revolt!

The other point that I am trying to make is that we can't forget that what
we are viewing and reading could be dis-information or even worse, complete
fraud!

Be careful out there

All the best
Mark

March 2011 TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal Interest, Property Taxes, Utilities on the Avg

Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities for the average priced home in the GTA subject to the following assumptions:
1.Average annual or year-to-date home price as reported by TREB
2.20 per cent down payment
3.Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4.Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5.Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6.Average household income reported by the Census of Canada.



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

March 2011 TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Sales

Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.


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

GTA Home Sales Mid month report from the Toronto Real Estate Board

This is the mid-month report from the Toronto Real Estate Board for home sales in the GTA

Compared to first two weeks of March 2010 sales and new listings are down, but average prices are up by nearly 5%



GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, March 16, 2011 -- Greater Toronto REALTORS(r) reported 4,138 sales during the first two weeks of March 2011 - a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped - down by 15 per cent compared to the same period last year.

"A positive economic outlook for the Greater Toronto Area, including steady growth in jobs and incomes, has kept households confident in their ability to purchase and pay for a home over the long term," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average price for transactions during the first 14 days of March was $460,196, representing a 4.6 per cent increase compared to the first two weeks of March 2010.

"Market conditions are tighter compared to this time last year, resulting in more competition between buyers and sustained upward pressure on the average selling price. The annual rate of price growth is expected to range between three and five per cent in 2011," said Jason Mercer, TREB's Senior Manager of Market Analysis.

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

* Power of Sales and Foreclosures
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 Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm

* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm

* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

TREB MLS® New Listings Monthly Time Series with Trend Line Actual March 2011

Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. 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 new listings 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