Monday, January 06, 2014

House Price Trends in Mississauga and Toronto GTA

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

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