Hello from beautiful Mississauga!
House prices will very likely increase in the next 12 months. All things being
equal and similar to previous years in real estate, the market should
increase between March and June by about 3% to 7%
You can see the seasonal increases at this link:
http://www.mississauga4sale.com/TREBavg1995date.htm
We expect this spring market to increase by about the same as previous year
increases.
We do not see mortgage interest rates increasing for at least a year, maybe
another 18 months, the mortgage market is soft and the economy would not be
able to absorb a sudden increase in rates.
I don't think you should ever delay your house purchase
decision, unless you have a very good reason to do so. The sooner you get
into the real estate market, the more money you will be putting towards your
mortgage principal and paying down your mortgage, you will be increasing your equity
and the less money you will waste spending on rent.
Benefits to home ownership:
http://www.mississauga4sale.com/psychology-ownership.htm
I hope this helps.
Please let me know if you have any other questions or require further
information.
Thank you,
Mark
Monday, January 06, 2014
Saturday, January 04, 2014
Toronto Mississauga and GTA Real Estate Market in 2014
This is what we are anticipating and what I'm seeing for the real estate
market in 2014
The December results are not out yet, but many are speculating it was a 'normal' December, the slowest month of the year, but typical. January 2014 (now) is not beginning with a boom, but it could also be the ice cold temperatures - we are all hoping for some improvement in the weather and the real estate market in the coming weeks and look for February to be one of the strongest months of the year to sell!
Our fall market did not perform as well as everyone expected. TREB and many financial people are predicting that prices will rise again in 2014, anywhere from 3 to 6% - only time will tell on this.
See a graph of how the market performs throughout the year, up in spring, down in summer, up in fall, down in winter, but always on the upslope:
http://www.mississauga4sale.com/TREBavg1995date.htm
See this graph on how steep the increase has been of late:
http://www.mississauga4sale.com/TREBprice.htm#graph
or just the graph:
http://www.mississauga4sale.com/avgprices.JPG
We anticipate that late January into February will be a very good time to sell as there will be low supply and higher demand, this should work well for sellers.
We will be working feverishly to market and promote your property as best as we can to take advantage of the marketplace and get it sold at the best price and terms possible.
Please let me know if you have any other questions or if there is anything else I can help you with.
Thank you,
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
Prices <http://www.mississauga4sale.com/TREBprice.htm> | 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
2 FAX 905-828-2829 ÈCELL 416-520-1577
> E-MAIL
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request>
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 ?
* 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
<http://www.mississauga4sale.com/popupquestion.htm>
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
The December results are not out yet, but many are speculating it was a 'normal' December, the slowest month of the year, but typical. January 2014 (now) is not beginning with a boom, but it could also be the ice cold temperatures - we are all hoping for some improvement in the weather and the real estate market in the coming weeks and look for February to be one of the strongest months of the year to sell!
Our fall market did not perform as well as everyone expected. TREB and many financial people are predicting that prices will rise again in 2014, anywhere from 3 to 6% - only time will tell on this.
See a graph of how the market performs throughout the year, up in spring, down in summer, up in fall, down in winter, but always on the upslope:
http://www.mississauga4sale.com/TREBavg1995date.htm
See this graph on how steep the increase has been of late:
http://www.mississauga4sale.com/TREBprice.htm#graph
or just the graph:
http://www.mississauga4sale.com/avgprices.JPG
We anticipate that late January into February will be a very good time to sell as there will be low supply and higher demand, this should work well for sellers.
We will be working feverishly to market and promote your property as best as we can to take advantage of the marketplace and get it sold at the best price and terms possible.
Please let me know if you have any other questions or if there is anything else I can help you with.
Thank you,
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
Prices <http://www.mississauga4sale.com/TREBprice.htm> | 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
2 FAX 905-828-2829 ÈCELL 416-520-1577
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request>
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 ?
* 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
<http://www.mississauga4sale.com/popupquestion.htm>
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
Tuesday, December 17, 2013
ADU Accessory Dwelling Units in Mississauga
As they have said on council, there will surely be some issues with regards to the implementation of Accessory second units,
to read the full report on the ADU's in Misissauga, click this link (pdf)
The City of Mississauga licencing by-law that will legalize second units will come into effect soon. .If approved, the bylaw will set licensing fees and other requirements, such as inspections and proof of insurance, for owners who want to rent second units.
You can read more at mississauga.ca/housingchoices for updates and more information.
Thanks!
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
Monday, December 16, 2013
Basement Apartments in Mississauga ADU's will be legally licensed starting January 1, 2014
Basement Apartments will be legal in Mississauga shortly.
Secondary Units Licensing Program Bylaw Effective January 1, 2014
City Council approved a bylaw on September 18 to license second units in Mississauga. The bylaw will be effective on January 1, 2014~ Ontario laws now require municipalities to allow second units in homes. These units are also known as basement apartments, in-law suites and secondary units .
Starting January 15t,a City licence is required for second unit in Mississauga to be legal. A unit will only be licensed if it complies with Official Plan zoning regulations, as well as Ontario fire and building code requirements.
The City held public meetings in 2012 to gather the public's thoughts and ideas about how second units should be permit them in Mississauga.
Comments were also received by email and through an online survey. A statutory public meeting required by the Planning Act was held in early 2013.
The City's Second Unit Implementation Strategy is part of Housing Choices: Mississauga's Affordable Housing Stragey. The City's goals for legalizing second units included ensuring safety, preserving neighbourhood character and maintaining public services.
See the article below too.
Read more at mississauga.ca
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
Housing Choices -- Second Unit Information
Recent changes to provincial legislation require all municipalities in
Ontario to permit second units.
Second units are self-contained units in single-family homes. They are often
called basement apartments or in-law suites.
Second units can expand housing opportunities within established communities
and provide much needed safe, healthy, housing choices. They can offer
accommodation for people with affordability issues such as youth, older
adults and new immigrants. They can also provide additional income for young
couples looking to buy their first home or older adults wanting to stay in
their neighbourhood
Secondary Units Licensing Program Bylaw Effective January 1, 2014
City Council approved a bylaw on September 18 to license second units in Mississauga. The bylaw will be effective on January 1, 2014~ Ontario laws now require municipalities to allow second units in homes. These units are also known as basement apartments, in-law suites and secondary units .
Starting January 15t,a City licence is required for second unit in Mississauga to be legal. A unit will only be licensed if it complies with Official Plan zoning regulations, as well as Ontario fire and building code requirements.
The City held public meetings in 2012 to gather the public's thoughts and ideas about how second units should be permit them in Mississauga.
Comments were also received by email and through an online survey. A statutory public meeting required by the Planning Act was held in early 2013.
The City's Second Unit Implementation Strategy is part of Housing Choices: Mississauga's Affordable Housing Stragey. The City's goals for legalizing second units included ensuring safety, preserving neighbourhood character and maintaining public services.
See the article below too.
Read more at mississauga.ca
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
Housing Choices -- Second Unit Information
Recent changes to provincial legislation require all municipalities in
Ontario to permit second units.
Second units are self-contained units in single-family homes. They are often
called basement apartments or in-law suites.
Second units can expand housing opportunities within established communities
and provide much needed safe, healthy, housing choices. They can offer
accommodation for people with affordability issues such as youth, older
adults and new immigrants. They can also provide additional income for young
couples looking to buy their first home or older adults wanting to stay in
their neighbourhood
Wednesday, December 04, 2013
Bank of Canada Rate Announcement Decmeber 4 2013 no change in rate
Bank of Canada has decided to not change the bank rate
Once again, the Bank of Canada is leaving it's key lending rate at 1% which means that we consumers have a base of 3% for our Bank Prime lending rate. This has remained unchanged for over 3 years now, unprecendented in the history of the Bank of Canada to leave the rate unchanged for such a long period of time.
See historic interest rate graph at this link
The Bank of Canada said, "
The global economy is expanding at a modest rate, as the Bank expected. Although growth in several emerging markets has continued to ease, growth in the United States during the third quarter of 2013 was stronger than forecast. Even if some of this pickup was due to temporary factors, the data are consistent with the Bank’s view of gathering momentum in the U.S. economy.
In Canada, underlying growth is broadly in line with the Bank’s projections in its October and July Monetary Policy Reports. Real GDP growth in the third quarter, at 2.7 per cent, was stronger than the Bank was projecting, but its composition does not yet indicate a rebalancing towards exports and investment. The housing sector has been stronger than expected but is consistent with updated demographic data and a pulling forward of home purchases in light of favourable financing conditions. The Bank continues to expect a soft landing in the housing market. Non-commodity exports continue to disappoint and the price of oil produced in Canada has eased further. Business investment spending is up from previous low levels, but is still recovering more slowly than anticipated. On balance, the Bank sees no reason to adjust its expectation of a gradual return to full production capacity around the end of 2015"
Read more from the Bank of Canada
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
Once again, the Bank of Canada is leaving it's key lending rate at 1% which means that we consumers have a base of 3% for our Bank Prime lending rate. This has remained unchanged for over 3 years now, unprecendented in the history of the Bank of Canada to leave the rate unchanged for such a long period of time.
See historic interest rate graph at this link
The Bank of Canada said, "
The global economy is expanding at a modest rate, as the Bank expected. Although growth in several emerging markets has continued to ease, growth in the United States during the third quarter of 2013 was stronger than forecast. Even if some of this pickup was due to temporary factors, the data are consistent with the Bank’s view of gathering momentum in the U.S. economy.
In Canada, underlying growth is broadly in line with the Bank’s projections in its October and July Monetary Policy Reports. Real GDP growth in the third quarter, at 2.7 per cent, was stronger than the Bank was projecting, but its composition does not yet indicate a rebalancing towards exports and investment. The housing sector has been stronger than expected but is consistent with updated demographic data and a pulling forward of home purchases in light of favourable financing conditions. The Bank continues to expect a soft landing in the housing market. Non-commodity exports continue to disappoint and the price of oil produced in Canada has eased further. Business investment spending is up from previous low levels, but is still recovering more slowly than anticipated. On balance, the Bank sees no reason to adjust its expectation of a gradual return to full production capacity around the end of 2015"
Read more from the Bank of Canada
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
Saturday, November 30, 2013
Bank of Canada Interest Rate - latest announcement
As of November 30, 2013 the Bank Prime remains at 1%
Typical lending rates for the public is Bank Prime Rate which is 3%
see current best interest rates
This is an excerpt from the latest announcement from the Bank of Canada
Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on the upside. China’s economy is showing renewed momentum, while growth in a number of other emerging market economies has slowed as their financial conditions have tightened. Overall, the global economy is projected to grow by 2.8 per cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in 2015.
In Canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the Bank had been expecting. While household spending remains solid, slower growth of household credit and higher mortgage interest rates point to a gradual unwinding of household imbalances. The Bank expects that a better balance between domestic and foreign demand will be achieved over time and that growth will become more self-sustaining. Real GDP growth is projected to increase from 1.6 per cent in 2013 to 2.3 per cent in 2014 and 2.6 per cent in 2015. The Bank expects that the economy will return gradually to full production capacity, around the end of 2015.
read more: http://www.bankofcanada.ca/monetary-policy-introduction/key-interest-rate/schedule/
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
Typical lending rates for the public is Bank Prime Rate which is 3%
see current best interest rates
This is an excerpt from the latest announcement from the Bank of Canada
Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on the upside. China’s economy is showing renewed momentum, while growth in a number of other emerging market economies has slowed as their financial conditions have tightened. Overall, the global economy is projected to grow by 2.8 per cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in 2015.
In Canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the Bank had been expecting. While household spending remains solid, slower growth of household credit and higher mortgage interest rates point to a gradual unwinding of household imbalances. The Bank expects that a better balance between domestic and foreign demand will be achieved over time and that growth will become more self-sustaining. Real GDP growth is projected to increase from 1.6 per cent in 2013 to 2.3 per cent in 2014 and 2.6 per cent in 2015. The Bank expects that the economy will return gradually to full production capacity, around the end of 2015.
read more: http://www.bankofcanada.ca/monetary-policy-introduction/key-interest-rate/schedule/
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
Monday, October 07, 2013
Real estate Investment Strategies & Thoughts in Mississauga and surrounding areas
There are many different methods to invest in real estate in the Mississauga and surrounding areas.
Let's look at investing in real estate rental properties.
I am ruling out the option of a flip. With this out of the picture you would be looking at a rental property.
The options below are as follows:
1. You can buy a property for short term investment where the resale is very good so you will get maximum return when you resell in 4 years. Best bet is probably a town home in Churchill Meadows or Erin Mills of Mississauga or near Square One. These are great rentals as well!
2. You can purchase a maintenance free condo. For this I would recommend one Mississauga, Mimico or Toronto. For new-5yr old condos in Square one and Mimico - the rent would depend on the unit and area, but for an idea, sq one 1 beds go around 1350-1400 per month and 2 bedrooms $1600+.
3. You can buy a home in a high rental area, such as Mississauga or Brampton, where it is split into two units (ie: upper and basement) rented separately and get maximum rent and make a monthly profit.
Email me and I'll send you a list of Properties of Interest for you to view in this style
(As you will not make a profit on the above 2 options - you will just break even)
With a down payment of $90,000 you are looking to purchase in the $400k or below range.
The area is dependent on which of the investment goals you choose to purchase in as for
(1) you need a high resale area like certain Mississauga pockets,
(2) would be good by square one or downtown (although the downtown condo market is pretty saturated right now and prices are decreasing - great to buy but risky cause it is unknown if they will inflate again), and
(3) would be best in Brampton. I personally am not a fan of "student" rentals as the turnover is frequent and the wear and tear is sometimes high.
Please let me know if you have other questions or need more information.
Thank you,
Mark
Let's look at investing in real estate rental properties.
I am ruling out the option of a flip. With this out of the picture you would be looking at a rental property.
The options below are as follows:
1. You can buy a property for short term investment where the resale is very good so you will get maximum return when you resell in 4 years. Best bet is probably a town home in Churchill Meadows or Erin Mills of Mississauga or near Square One. These are great rentals as well!
2. You can purchase a maintenance free condo. For this I would recommend one Mississauga, Mimico or Toronto. For new-5yr old condos in Square one and Mimico - the rent would depend on the unit and area, but for an idea, sq one 1 beds go around 1350-1400 per month and 2 bedrooms $1600+.
3. You can buy a home in a high rental area, such as Mississauga or Brampton, where it is split into two units (ie: upper and basement) rented separately and get maximum rent and make a monthly profit.
Email me and I'll send you a list of Properties of Interest for you to view in this style
(As you will not make a profit on the above 2 options - you will just break even)
With a down payment of $90,000 you are looking to purchase in the $400k or below range.
The area is dependent on which of the investment goals you choose to purchase in as for
(1) you need a high resale area like certain Mississauga pockets,
(2) would be good by square one or downtown (although the downtown condo market is pretty saturated right now and prices are decreasing - great to buy but risky cause it is unknown if they will inflate again), and
(3) would be best in Brampton. I personally am not a fan of "student" rentals as the turnover is frequent and the wear and tear is sometimes high.
Please let me know if you have other questions or need more information.
Thank you,
Mark
Thursday, June 20, 2013
42 Story Condominium Tower to be built at Erin Mills and Eglinton by Daniels Erin Mills across from Credit Valley Hospital!
The image below shows, in part, a request for an Official Plan Amendment and Rezoning to permit at 42 story condominium apartment building
This is another phase of DANIELS ERIN MILLS CONDOS
42 Story Condominium Tower to be built at Erin Mills and Eglinton by Daniels Erin Mills across from Credit Valley Hospital!
Daniels posted a giant sign at the corner of Erin Mills and Eglinton earlier this year, 2013, announcing Downtown Erin Mills condos! "Coming Soon"
Daniels has purchased the south west corner of Erin Mills and Eglinton just across from the Credit Valley Hospital a total of 6 acres.
In the end, the site will have a total of 3 high rise towers, see the site plan below.
The West Tower will be the first of the 3 towers to be built.
The tallest of the 3 buildings will be 42 stories tall.
For comparison purposed, the Park Mansion at 45 Kingsbridge Garden Circle is one of the tallest buildings in Mississauga north of the 403 at highway 10 and it's 38 stories tall, the condo building that they are planning on building at Erin Mills and Eglinton is 42 stories tall!
They are also building two sister buildings at Erin Mills and Eglinton two 25 story buildings!
The Absolute buildings the last two towers (Absolute World 4 & 5) called the Twisted Sisters are the tallest buildings in Mississauga at 50 and 58 stories tall!
Mississauga is a first class city with very tall buildings
All the best!
Mark
Wednesday, June 19, 2013
Toronto Real Estate Board Mid month report for the housing sales in June 2013
Below is the report and the figures for the mid month results from the Toronto Real Estate board for the
housing sales in June 2013
You can see that sales are up by about 5% and average selling price up
nearly 4% compared to June of 2012
All the best!
Mark
GTA REALTORS(r) RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO, June 18, 2013 - Greater Toronto Area REALTORS(r) reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013.
This result was up by 4.7 per cent compared to the first two weeks of June
2012.
Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto.
Home sales in the City were basically flat in comparison to last year.
"The expectation was for an improvement in home sales in the second half of 2013. Early June results are in line with this outlook. Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing," said Toronto Real Estate Board President Ann Hannah.
"It is also important to note that new listings were down over the same period. With sales up and new listings down, market conditions became tighter. This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments," added Ms. Hannah.
The average selling price for the first fourteen days of June was $536,141 - up by 3.8 per cent compared to June 2012.
"While price growth has been driven by low-rise home types this year, condominium apartment price growth has improved since March. Despite higher inventory levels, there have been enough buyers relative to available listings to support condo price appreciation," 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
housing sales in June 2013
You can see that sales are up by about 5% and average selling price up
nearly 4% compared to June of 2012
All the best!
Mark
GTA REALTORS(r) RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO, June 18, 2013 - Greater Toronto Area REALTORS(r) reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013.
This result was up by 4.7 per cent compared to the first two weeks of June
2012.
Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto.
Home sales in the City were basically flat in comparison to last year.
"The expectation was for an improvement in home sales in the second half of 2013. Early June results are in line with this outlook. Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing," said Toronto Real Estate Board President Ann Hannah.
"It is also important to note that new listings were down over the same period. With sales up and new listings down, market conditions became tighter. This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments," added Ms. Hannah.
The average selling price for the first fourteen days of June was $536,141 - up by 3.8 per cent compared to June 2012.
"While price growth has been driven by low-rise home types this year, condominium apartment price growth has improved since March. Despite higher inventory levels, there have been enough buyers relative to available listings to support condo price appreciation," 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
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Wednesday, June 05, 2013
June 5, 2013 -TREB residential real estate report
See all the graphs and latest from TREB about prices and sales in May of
2013
http://www.mississauga4sale.com/TREBprice.htm
The report below is the latest report from TREB
TORONTO, June 5, 2013 - Price Growth Across All Major Home Types in May
TORONTO, June 5, 2013 - Greater Toronto Area (GTA) REALTORS(r) reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year over- year increase in the City of Toronto.
"The sales picture in the GTA has improved markedly over the past two months. While the number of transactions in April and May remained below last year's levels, the rate of decline has been much smaller. A growing number of households who put their decision to purchase on hold as a result of stricter lending guidelines are starting to become active again in the ownership market," said Toronto Real Estate Board President Ann Hannah.
The average selling price for May 2013 sales was $542,174 - up by 5.4 per cent in comparison to $514,567 in May 2012. The annual rate of price growth was driven by the tight low-rise segment of the market and particularly by single-detached and semidetached home transactions in the City of Toronto.
Average condominium apartment prices were also up slightly in comparison to last year.
The MLS(r) Home Price Index (HPI) Composite Benchmark was up by 2.8 per cent yearover- year.
"The annual rate of price growth in May was not surprising given the competition that still exists between buyers, particularly for low-rise home types such as single-detached and semi-detached houses. We remain on track for a three-and-a-half per cent increase in the average selling price for 2013 as a whole," said Jason Mercer, TREB's Senior Manager of Market Analysis.
Greater Toronto REALTORS(r) are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada's largest real estate board.
All the Best!
Mark
2013
http://www.mississauga4sale.com/TREBprice.htm
The report below is the latest report from TREB
TORONTO, June 5, 2013 - Price Growth Across All Major Home Types in May
TORONTO, June 5, 2013 - Greater Toronto Area (GTA) REALTORS(r) reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year over- year increase in the City of Toronto.
"The sales picture in the GTA has improved markedly over the past two months. While the number of transactions in April and May remained below last year's levels, the rate of decline has been much smaller. A growing number of households who put their decision to purchase on hold as a result of stricter lending guidelines are starting to become active again in the ownership market," said Toronto Real Estate Board President Ann Hannah.
The average selling price for May 2013 sales was $542,174 - up by 5.4 per cent in comparison to $514,567 in May 2012. The annual rate of price growth was driven by the tight low-rise segment of the market and particularly by single-detached and semidetached home transactions in the City of Toronto.
Average condominium apartment prices were also up slightly in comparison to last year.
The MLS(r) Home Price Index (HPI) Composite Benchmark was up by 2.8 per cent yearover- year.
"The annual rate of price growth in May was not surprising given the competition that still exists between buyers, particularly for low-rise home types such as single-detached and semi-detached houses. We remain on track for a three-and-a-half per cent increase in the average selling price for 2013 as a whole," said Jason Mercer, TREB's Senior Manager of Market Analysis.
Greater Toronto REALTORS(r) are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada's largest real estate board.
All the Best!
Mark
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