tag:blogger.com,1999:blog-176490542024-03-20T06:04:24.620-04:00Mississauga Real Estate, Homes, TREB & MLS Blog by Mark ArgentinoYou have found the premier Mississauga Real Estate Blog. It's filled with Up-to-date and useful information about Housing Trends, Home Prices, Market Statistics, MLS Home Search, Buying and Selling Tips for Erin Mills, Meadowvale, Streetsville, Lisgar, Pheasant Run, Sawmill Valley, Credit Mills and Churchill Meadows areas of Mississauga, Ontario. Plus, you will find a few other posts about my clients real estate experiences and non real estate related topics that I hope you find of interestMark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.comBlogger1498125tag:blogger.com,1999:blog-17649054.post-76304027292588252392023-02-24T09:35:00.004-05:002023-02-24T09:37:19.606-05:00Bank of Canada current interest rate<BR><BR>In January 2023 the Bank of Canada raised it's benchmark interest rate again, this time to 4.50%
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Bank of Canada raises borrowing costs for seventh time in a row amid stubbornly high inflation. The Central bank has been raising rates aggressively to rein in sky-high inflation.
<BR><BR>
Since March of 2022, the central bank has raised its key interest rate six consecutive times, bringing it from 0.25 per cent to 4.50 per cent.
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The Bank of Canada hiked its trendsetting interest rate by 1/2 percentage point on Wednesday.
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The current rate is 4.50%
<BR><BR>The Bank Prime rate for most lenders now stands at 6.70% <BR><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img style="FLOAT: right; MARGIN: 0px 0px 10px 10px; CURSOR: hand" alt="Toronto Real Estate Board (TREB) Average Prices and Graph" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" border="0" /></a>
<BR><BR>
For more information please contact A. Mark Argentino
<BR><BR>
A. Mark Argentino, Broker, P.Eng.,<BR>
Specializing in Residential & Investment Real Estate<BR>
RE/MAX Realty Specialists Inc., Brokerage<BR>
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<BR>
BUS. 905-828-3434<BR>
FAX. 905-828-2829<BR>
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<BR>Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
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<iframe src="https://www.torontomls.net/api/Idx.asp?api_key=33c62ef679c094193781630c0359a51a" frameborder="0" width="100%" height="1200" scrolling="no"></iframe>
<br /><br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br /><br />
For more information please contact A. Mark Argentino
<br /><br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-46360169547448075612022-06-01T17:56:00.000-04:002022-06-01T17:56:11.415-04:00Bank of Canada increases prime rate 0.5% on June 1, 2022 Prime now 1.5%<div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;">The Bank of Canada raised its key interest rate by half a percentage point to 1.5% on Wednesday June 1, 2022</div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;"><br /></div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;">Bank Prime lending rates are now 3.7%</div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;"><br /></div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;">It's the 3rd half-point hike this calendar year in an attempt to slow our soaring inflation. </div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;"><br /></div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;"><a href="https://www.mississauga4sale.com/rates.htm" style="color: #bb3300;">See historical rates here</a></div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;"><br /></div><div style="background-color: white; font-family: "Trebuchet MS", Verdana, Arial, sans-serif; font-size: 12.61px;">This is a great article about the <a href="https://www.canadianrealestatemagazine.ca/expert-advice/toronto-real-estate-forecast-2022-335087.aspx" rel="nofollow" style="color: #bb3300;" target="_blank">future of real estate in the GTA</a> and how interest rates may be one of the factors that affect the real estate marketplace</div><br /><br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br /><br />
For more information please contact A. Mark Argentino
<br /><br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-88076661208408375972022-04-13T11:54:00.001-04:002022-04-13T11:54:24.156-04:00Bank of Canada raises its key interest rate by 0.5% to 1%<div>Bank of Canada raises its key interest rate by half a percentage point to 1% on WEDNESDAY, APRIL 13, 2022</div><div><br /></div><div>Bank Prime lending rates are now 3.2%</div><div><br /></div><div>It's the first half-point hike in more than two decades amid soaring inflation. </div><div><br /></div><div><a href="https://www.mississauga4sale.com/rates.htm">See historical rates here</a></div><div><br /></div><div>This is a great article about the <a href="https://www.canadianrealestatemagazine.ca/expert-advice/toronto-real-estate-forecast-2022-335087.aspx" rel="nofollow" target="_blank">future of real estate in the GTA</a> and how interest rates may be one of the factors that affect the real estate marketplace, or read below:</div><div><br /></div><div>Toronto Real Estate forecast 2022, April 11, 2022 </div><div>Wednesday, April 13⋅7:00 – 8:00am</div><div><br /></div><div>Toronto real estate forecast 2022</div><div>by Corben Grant on 11 Apr 2022</div><div><br /></div><div>After a hectic two years, in both real estate and the world at large, we have made it 2022 and it seems we are now entering yet another new phase. Though the world is slowly returning to normal, those paying attention to the real estate market are left wondering – what exactly does “normal” look like? How will things play out following the unprecedented market conditions of the last two years?</div><div><br /></div><div>In Toronto, one of Canada's largest real estate markets, thousands of investors are now trying to anticipate what the future will hold and others are wondering if now is the time to buy in.</div><div><br /></div><div>Telling the future is understandably a difficult and ultimately futile practice. However, there are many informed analysts who can at least give a pretty good guess. By looking at past market conditions, upcoming economic and legislative changes, and a bit of guesswork, it’s possible to make a more informed forecast.</div><div><br /></div><div>In this article, we will explore what the 2022 Toronto real estate market could look like.</div><div><br /></div><div>Current statistics</div><div>Before we get into the future of the market, we should probably understand how it stands now. All data in the following section is sourced from the Toronto Regional Real Estate Board's (TRREB) most recent market statistics from March 2022.</div><div><br /></div><div>In March of 2022, the Toronto real estate market continued at an active pace though in some key areas it showed some signs of balancing. Overall, it was marked as the third-best March on record and the second-best first quarter on record.</div><div><br /></div><div>Housing prices down from February 2022</div><div>The average overall price across the GTA and for all housing types was $1,299,894. This marks one of the first decreases in price seen in quite a while, down from $1,334,544 in February. This also goes against the seasonal trend that would tend to see prices begin to rise into the spring market. Despite the month-over-month dip, price growth still remained in the double digits on a year-over-year basis, up from $1,097,351 in March of 2021.</div><div><br /></div><div><br /></div><div><br /></div><div>Detached homes sold at an average price of $1,920,018 and $1,632,832 in Toronto and the GTA respectively, both down from the previous month for a combined average of $1,697,396. Prices weren't down across the board, however, as the condo market notably saw marginal price gains from last month.</div><div><br /></div><div>Both listings and sales were lower than the high records of March 2021, though they were up from the previous month. Supply on the market remained at around just one month.</div><div><br /></div><div>An anomaly or a sign of things to come?</div><div>This last month then presented a moderately more balanced market for Toronto, though we are far from out of the woods yet. What remains to be seen is if this is a temporary off month or the start of a longer trend in the market.</div><div><br /></div><div>TRREB Chief Market Analyst Jason Mercer is quoted in the release as saying that though competition among buyers remains strong in most segments, the city did “experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year.”</div><div><br /></div><div>What 2022 will hold for the Toronto housing market</div><div>There are years where housing markets are fairly easy to predict with some accuracy as was the case for some of the pre-pandemic years in Toronto. However, the last two years have proven that unexpected events are very real and major disruptions can happen out of nowhere.</div><div><br /></div><div>2022 is looking to be another year of unpredictable changes in the market. With the world recovering gradually from a global pandemic, the reinvigoration of the Canadian economy, rising interest rates, and new legislation coming into effect to cool the real estate market, there will be no shortage of potential shake-ups this year.</div><div><br /></div><div>Each of these new factors will naturally have its own effects, but the combined effect of all the changes together becomes increasingly difficult to call. In the next section, we will look at some of the new changes expected for this year and how they can affect the housing market.</div><div><br /></div><div>Rising interest rates</div><div>One of the biggest changes that are essentially guaranteed to play a role in the market this year is the interest rate increase from the bank of Canada.</div><div><br /></div><div>Many reaped the benefits of record low rates in 2020-2021</div><div>During the depths of the pandemic, the Bank of Canada kept its prime interest rate at a record low level in order to aid the economy in getting through difficult times. While it may have helped the economy, the low-interest rates also played a part in driving up prices in Canada's real estate market, as well as growing inflation. With such low interest rates, buyers were able to afford higher mortgages so prices began to grow.</div><div><br /></div><div>Multiple interest rate hikes predicted for this year</div><div>Now, the central bank has begun to raise interest rates, with a first hike occurring in March and at least a few more predicted for the rest of the year. The impact of gradually increasing rates on the Canadian housing market won't be instantaneous, but we should see effects sooner than later. As interest rates rise, more potential buyers will fail to qualify for loans, lowering the demand on the market. Those who do qualify will need to look for lower-priced homes. The hope is that this will cool the market somewhat.</div><div><br /></div><div>New legislation in the Toronto real estate market</div><div>Housing concerns have been on the top of the agenda across nearly all party lines in Canadian politics for the last number of years and new legislation on both the provincial and federal levels are set to be put in place this year to curb the rampant housing market.</div><div><br /></div><div>Non-Resident Speculation Tax</div><div>Recently, the province announced an increase to the Non-Resident Speculation Tax and a widening of its applicable area. The result is that any foreigners looking to buy homes in Toronto will be forced to pay a tax of 20%. This should reduce some demand on the market and allow Canadian residents a chance to buy homes with less competition.</div><div><br /></div><div><br /></div><div><br /></div><div>Foreign Homebuyers Ban</div><div>On the federal level, the liberal government is set to take an even stricter stance, with a proposal to ban almost all foreign purchases for up to two years. This would all but erase completion from foreign buyers and reduce a lot of competition for homes. The matter of foreign buyers is contentious as there is still plenty of domestic demand for homes that will keep prices elevated, however, reduced competition is nonetheless welcome.</div><div><br /></div><div>New housing supply initiatives</div><div>The Ontario government is also moving forward with plans to increase housing supply in coming years by streamlining development processes, with hopes to build 1.5 million new homes in the next 10 years. This should serve to combat the low housing supply that has plagued the market in recent years.</div><div><br /></div><div>Toronto Vacant Homes Tax</div><div>Finally, Toronto itself has a newly instated Vacant Homes Tax coming into effect that hopes to bring more houses to the market. Such a tax has been effective in Vancouver to reduce the overall number of vacant homes, relieving some pressure on both the resale and rental markets.</div><div><br /></div><div>In combination, these new laws should reduce demand and competition, while increasing the housing supply. While it is unlikely to cause a significant drop in house prices, it will allow for the market to cool and balance and help to ease the incredibly strong seller's market seen in recent years.</div><div><br /></div><div>Economic recovery</div><div>Another aspect that can come into play for the housing market is an overall move towards a stronger Canadian economy in the recovery from the pandemic recession. As supply chain conditions begin to improve, this can have positive effects on the price of new-home development. Reigning inflation will also help ease financial burdens on Canadians and growing rates of employment and income will allow more Canadians to enter the market.</div><div><br /></div><div>Unexpected events</div><div>One thing that recent times have made abundantly clear is that you never know what is around the corner. Even our best predictions will fail nine times out of 10 times to foresee the most unexpected events.</div><div><br /></div><div>The two biggest causes of uncertainty right now come from the continued presence of COVID</div><div>15 minutes before</div><div>Mark Argentino</div><div><br /></div><br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br /><br />
For more information please contact A. Mark Argentino
<br /><br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-33784168962727859892022-03-07T10:06:00.008-05:002022-03-07T10:20:07.160-05:00Simple Online Gasoline Calculator - Price per Litre to Price per Gallon ConverterOne of my interests is gasoline prices and how they fluctuate over time.<div>I've had many inquiries about gasoline conversion and decided to produce a page that is an online gasoline calculator, <a href="http://www.mississauga4sale.com/Gasoline-Conversion-Calculator-litres-gallons-us.htm">see it here</a> </div><div><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://www.mississauga4sale.com/Gasoline-Conversion-Calculator-litres-gallons-us.htm"><span style="font-size: large;">Online Gasoline Converter</span></a><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjxXFqBN8zpBXQLF-pnA8sadrxvo3WlWuqd_R2KcGzoYZ4ZtAx_ZuphP4lLIFu9w_KWmxB0H-OxmSeo6Rhd6K91l658HXxnZkmCmYMwCpDVeQOvRNL8kUCqa-ntqRvGxaTuDEbC6iYIo-zPLaU8YHBNDfnCZeRxMS3nvLr9VTAT7-r-kzP_6uw=s961" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="543" data-original-width="961" height="181" src="https://blogger.googleusercontent.com/img/a/AVvXsEjxXFqBN8zpBXQLF-pnA8sadrxvo3WlWuqd_R2KcGzoYZ4ZtAx_ZuphP4lLIFu9w_KWmxB0H-OxmSeo6Rhd6K91l658HXxnZkmCmYMwCpDVeQOvRNL8kUCqa-ntqRvGxaTuDEbC6iYIo-zPLaU8YHBNDfnCZeRxMS3nvLr9VTAT7-r-kzP_6uw=s320" width="320" /></a></div></div><div><h1 style="font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 22.4px;"><center><p style="text-align: left;">Simple Online Gasoline Calculator - Price per Litre to Price per Gallon Converter</p></center></h1><ul style="font-family: "Helvetica Neue", Helvetica, Arial, sans-serif;"><li><h2 style="font-size: 20.8px;">You can use this page to convert the cost of gasoline from the current US Dollar (USD) per US Gallon to CAD Dollars per Litre and</h2></li><li><h2 style="font-size: 20.8px;">Canadian Gallon & Canadian Dollar (CAD) price in Cents per Litre to the price in CAD per US Gallon & and more</h2></li></ul><form style="font-family: "Helvetica Neue", Helvetica, Arial, sans-serif;"><p>Convert cost of Gasoline price per gallon to price per liter and dollars per gallon to dollars per liter and in US$ dollars per US Gallon to other equivalents in Canadian Dollars CAD$ per litre or Canadian (Imperial) Gallons and visa versa</p></form><br /><br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br /><br />
For more information please contact A. Mark Argentino
<br /><br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-10555903962077655072022-03-07T09:50:00.003-05:002022-03-07T10:03:40.393-05:00The Bank of Canada increased the prime rate by 1/4% in March 2022 and now is 0.50%The Bank of Canada increased the prime rate by 1/4% in March 2022 and now is 0.50%<div><br /><div>The Bank Prime rate for most lenders now stands at 2.70% </div><div><br /></div><div>This is the first change in the prime rate since April of 2020<br /><br /><br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br /><br />
For more information please contact A. Mark Argentino
<br /><br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:Info@mississauga4sale.com">Info@mississauga4sale.com</a>
<br />Website: <a href="http://www.Mississauga4Sale.com" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span></div></div><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-77263302298685787582020-04-16T10:55:00.000-04:002020-04-16T10:55:16.628-04:00<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>The Bank of Canada reduced the prime rate to 1/4% on March 27, 2020 - this is all in response to COVID-19 crisis in a effort to help with reducing interest payments paid by Canadians during this crisis.</b></span><br />
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>The Bank of Canada has reduced the bank rate twice in the past 30 days, both times by 0.5%.</b></span><br />
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>The current overnight rate is 0.25%</b></span><br />
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>As of April 16, 2020 the Bank Prime Rate (rate charged to average customer) was </b></span><b style="font-family: arial, verdana, helvetica, sans-serif;">2.45%</b><br />
<b style="font-family: arial, verdana, helvetica, sans-serif;"><br /></b>
<b style="font-family: arial, verdana, helvetica, sans-serif;">The Bank of Canada Prime Rate is currently 0.25% and the current Prime Lending Rate is 2.45% The Bank prime rate is typically about 2% higher than the overnight rate, but for the past few years the banks are not passing along this entire amount and this is why the current bank lending rate to their prime to customers is 2.45% </b><br />
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<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>The major banks in Canada typically charge their best customers 2% to 2.2% above the Bank of Canada Prime Rate. Today, it's 2.20% above prime, which means that the Bank Prime or Prime Rate that we see is now 2.45% </b></span><br />
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<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>Bank Prime Rate means "best" and this is the rate that banks charge their absolute best customers for loans, which is usually only other lending institutions.</b></span><br />
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<span style="font-family: "arial" , "verdana" , "helvetica" , sans-serif;"><b>Changes in the Bank of Canada prime rate influence changes in other interest rates, including variable interest rate mortgages. This "bank rate" rate fluctuates based on economic conditions.</b></span></div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span style="margin-left: auto; margin-right: auto;"><a href="https://www.mississauga4sale.com/rates.htm" target="_blank"><img border="0" data-original-height="458" data-original-width="650" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZkV4RXXv4_PK549c4DK2S2ILSxPDyM-8W05sj9H_mRsiBiXvdFIOeXxRDzeyCcLklG9b57EQWNnP2NDrLq-vqFkO4OY1Oar8GrBr-dv3TvY04bf14Pry_Y-6FEip-dof_Zg4XFw/s320/rates_1year_5year.jpg" width="320" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="https://www.mississauga4sale.com/rates.htm" target="_blank">Mortgage Interest Rates over time</a></td></tr>
</tbody></table>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span style="margin-left: auto; margin-right: auto;"><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img border="0" data-original-height="662" data-original-width="1006" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFOhhb8hc2V5qSa1bYTa6euqW7RZJPortSdPPRhk1x89zTmoAih-mKYdHpOzO6CrtzRwLliPeMmA8lgHvoLfsszJTwsvWSnkLRHInHyUGg3YxcP6a56v_XKmRnaz5zp4nAOLKMBA/s320/AVGPRI%257E2-789509.JPG" width="320" /></a></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Toronto Real Estate Board (TREB) Average Prices and Graph<br /><a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank">Click Graph to see Average Prices over time</a></td></tr>
</tbody></table>
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<br />
<br />
<br />
For more information please contact A. Mark Argentino
<br />
<br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />
Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
RSS feed at: http://www.mississauga4sale.com/blog/rss.xml
Atom feed: http://www.mississauga4sale.blogspot.com/atom.xml
RSS Feed: http://www.mississauga4sale.blogspot.com/rss.xml
Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-82209527819161164342018-11-05T13:15:00.001-05:002018-11-05T13:15:26.723-05:00Bank of Canada Prime rate now stands at 1.75% The Bank Prime rate charged by most lenders now stands at 3.95% <span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 11px;"> </span><a href="http://blog.mississauga4sale.com/search/label/Bank%20of%20Canada" style="background-color: white; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px;" target="_blank">read more about Interest rates</a> <br />
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The Bank of Canada Prime Lending Rate is the same as last month at 1.75%<br />
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Rates continue to rise. This may be the time to lock in to a 2 or 3 year rate if there are some great rate specials offered to you. <br />
<br />
<br />
<a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br />
<br />
For more information please contact A. Mark Argentino
<br />
<br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />
Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
RSS feed at: http://www.mississauga4sale.com/blog/rss.xml
Atom feed: http://www.mississauga4sale.blogspot.com/atom.xml
RSS Feed: http://www.mississauga4sale.blogspot.com/rss.xml
Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-76289592776986676552018-11-05T13:08:00.001-05:002018-11-05T13:08:15.148-05:00Real Estate Prices UP and Sales Volume UP - Mississauga and GTA Real Estate Newsletter November 2018 - Issue 11:05Real Estate Prices UP and Sales Volume UP - Mississauga and GTA Real Estate Newsletter November 2018 - Issue 11:05<br />
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Once again, last month was another very strong month for sales and prices in the GTA.<br />
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November 2018 News<br />
Greetings from Fabulous Mississauga!<br />
<ul style="font-family: Arial, Helvetica, sans-serif; margin-left: 15px; padding: 0px;">
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;">The average selling price last month was $807,340 (it was $796,786the previous month) and it was up about 3.5% compared to previous same month last year - <a href="http://www.mississauga4sale.com/TREBprice.htm#graph" style="color: red; font-family: Tahoma, Verdana, sans-serif;" target="_blank">see graph of prices here</a></span></li>
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;">Greater Toronto Area REALTORS® reported 7,492 (it was 6,455 last month) residential sales through TREB’s MLS® System last month. This result represented a 6% increase compared to sales reported in the same month in 2017.</span></li>
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;">The MLS® Home Price Index (HPI) Composite Benchmark price was up 2.6% on a year-over-year basis. </span></li>
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;"><br /></span></li>
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;">The Bank Prime rate for most lenders now stands at3.95% <a href="http://blog.mississauga4sale.com/search/label/Bank%20of%20Canada" style="color: red; font-family: Tahoma, Verdana, sans-serif;" target="_blank">read more about Interest rates</a></span></li>
<li style="margin-left: 15px; padding: 0px;"><span style="font-size: large;">The Bank of Canada Prime Lending Rate is the same as last month at1.75% <a href="http://blog.mississauga4sale.com/search/label/Bank%20of%20Canada" style="color: red; font-family: Tahoma, Verdana, sans-serif;" target="_blank">read more</a></span></li>
</ul>
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<br />
<a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br />
<br />
For more information please contact A. Mark Argentino
<br />
<br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />
Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
RSS feed at: http://www.mississauga4sale.com/blog/rss.xml
Atom feed: http://www.mississauga4sale.blogspot.com/atom.xml
RSS Feed: http://www.mississauga4sale.blogspot.com/rss.xml
Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-6178068693895635272018-11-04T13:23:00.000-05:002018-11-05T13:24:16.759-05:00Current and past history of gasoline prices in Mississauga and the GTAIf you want to read about current and past history of gasoline prices in Mississauga and the GTA please <a href="http://mississauga-gasoline-prices.mississauga4sale.com/" target="_blank">use this link</a><br />
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<a href="http://mississauga-gasoline-prices.mississauga4sale.com/">http://mississauga-gasoline-prices.mississauga4sale.com</a><br />
<br />
<br />
<a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
<br />
<br />
For more information please contact A. Mark Argentino
<br />
<br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />
Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
RSS feed at: http://www.mississauga4sale.com/blog/rss.xml
Atom feed: http://www.mississauga4sale.blogspot.com/atom.xml
RSS Feed: http://www.mississauga4sale.blogspot.com/rss.xml
Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0Mississauga, ON, Canada43.5890452 -79.644119843.2209422 -80.2895668 43.9571482 -78.9986728tag:blogger.com,1999:blog-17649054.post-35743435385364851832018-10-05T09:23:00.000-04:002018-10-05T09:23:46.616-04:00How does "affordability" (sales price + interest rate) influence market direction<div class="WordSection1">
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<span style="color: #1f497d;">Greetings from fabulous Mississauga!<o:p></o:p></span></div>
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<span style="color: #1f497d;">I received a couple of insightful questions from an avid reader and thought I would share the questions and my thoughts on them<o:p></o:p></span></div>
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<span style="color: #1f497d;">The questions were:<o:p></o:p></span></div>
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<span lang="EN-US">Mark,<o:p></o:p></span></div>
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<span lang="EN-US">I really enjoy receiving your emails with the latest POS properties and all the real estate information that you include. <o:p></o:p></span></div>
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<span lang="EN-US">I have a couple of questions:<br /><br /><o:p></o:p></span></div>
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<span lang="EN-US"> 1. The average house price fluctuation we see on a yearly basis, is that price when the property is sold or is it the closing date? This would shift the cycle by a couple months depending.<br /><br /><o:p></o:p></span></div>
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2. <span lang="EN-US">I can’t help wonder the influence of interest rates on price. I have a suspicion that “affordability” (sales price + interest rate) has a lot to do with the market direction? Have you ever graphed the house prices vs. interest rate?<o:p></o:p></span></div>
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<span lang="EN-US">Keep the great information flowing!!<o:p></o:p></span></div>
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<span lang="EN-US">Thanks again<o:p></o:p></span></div>
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<b><span style="font-family: "brush script mt"; font-size: 14.0pt;">BB<o:p></o:p></span></b></div>
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<span style="color: #1f497d;">My answer was:<o:p></o:p></span></div>
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<span style="color: #1f497d;">Hello B</span><span style="color: #1f497d;">B</span><span style="color: #1f497d;"><o:p></o:p></span></div>
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<span style="color: #1f497d;">Thank you for your email.<o:p></o:p></span></div>
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<span style="color: #1f497d;">Regarding your first point, the sold price is as of the date the property was sold, not the closing date. <o:p></o:p></span></div>
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<span style="color: #1f497d;">Your second point about the relationship between interest rates and prices is interesting. I suspect here is a relationship, but not sure how closely one follows the other. When rates increase it seems there is often a slight pause or lull in sales and then it continues again. On the other hand, sometimes when rates go up there is a sudden surge in sales as the people who are pre-approved and locked into the lower rate end up purchasing. When rates are trending downwards and there is a drop in the mortgage rate or an expected drop in rates, purchasers often go into a holding pattern waiting for rates to bottom out. It really depends upon the “mood” of the market and which direction rates are going. I’ll see what I can find with the numbers and let you know if I find a good relationship and high confidence value.<o:p></o:p></span></div>
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<span style="color: #1f497d;">You also mention affordability and market direction. Yes, I believe there is a relationship between these two factors too. Again, there seems to be a tipping point where when rates and prices get too high, affordability becomes an issue and the market slows down. The converse is also true. I’ve found that the trend and the mood of the real estate marketplace and the press has more impact on the market direction than the actual numbers. There are many instances of fear influencing the market far more than a change in interest rate or price. When the government introduced the foreign buyers tax which ultimately affects less than 4% of all sales, our market collapsed. Conversely, the fear of missing out on the rapid and sustained rise in prices caused many people to get into the market sooner than they otherwise would have (or should have) during many periods over the past 30 years.<o:p></o:p></span></div>
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<span style="color: #1f497d;">Depending on where we are on the “Market Cycle” greatly affects the marketplace. To read more, see this page: <a href="http://www.mississauga4sale.com/Market-Emotions-Cycle.htm">http://www.mississauga4sale.com/Market-Emotions-Cycle.htm</a> I see that I need to update that page!<o:p></o:p></span></div>
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<span style="color: #1f497d;">There are many more aspects to the real estate market that one can analyze. <o:p></o:p></span></div>
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<span style="color: #1f497d;">All very interesting factors to consider! </span><span style="color: #1f497d; font-family: "wingdings";">J</span><span style="color: #1f497d;"> <o:p></o:p></span></div>
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<span style="color: #1f497d;">Thank you,<o:p></o:p></span></div>
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<span style="color: #1f497d;">Mark<o:p></o:p></span></div>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
RSS feed at: http://www.mississauga4sale.com/blog/rss.xml
Atom feed: http://www.mississauga4sale.blogspot.com/atom.xml
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-15278143916974926622018-09-03T07:34:00.003-04:002018-09-03T07:34:42.406-04:00Bank of Canada Raised the prime lending rate to 1.5% on July 12, 2018<div class="WordSection1">
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">As of July 12, 2018 the Bank of Canada Raised the prime lending rate to 1.5%<o:p></o:p></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">The major banks and lenders in Canada soon followed and increased their prime rate charged to their customers by 25 basis points to 3.70 per cent from 3.45 per cent, effective July 12, 2018<o:p></o:p></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"><a href="https://www.mississauga4sale.com/bestrate.htm" target="_blank">Find the best rates here</a></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US" style="font-family: "calibri" , "sans-serif"; font-size: 11.0pt;"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US" style="font-family: "calibri" , "sans-serif"; font-size: 11.0pt;"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US" style="font-family: "calibri" , "sans-serif"; font-size: 11.0pt;"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-87977723800204540862018-04-19T09:54:00.000-04:002018-04-19T09:54:24.489-04:00Bank of Canada Interest Rate Announcement April 18 2018 - Maintain overnight rate target at 1.25 per cent<div class="WordSection1">
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Greetings from Fabulous Mississauga! </div>
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The Bank of Canada announced yesterday, April 18, 2018 they would maintain overnight rate target at 1.25 per cent<o:p></o:p></div>
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This means that the bank rate will remain at this level for at least the next 3 months.<o:p></o:p></div>
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The Bank of Canada governors made it very clear that Canadians must be prepared for a series of future interest rate increases.<o:p></o:p></div>
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See the full press release below.<o:p></o:p></div>
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All the best!<o:p></o:p></div>
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Mark<o:p></o:p></div>
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<span style="color: #505050; font-family: "helvetica" , "sans-serif"; font-weight: normal;">Bank of Canada maintains overnight rate target at 1 ¼ per cent<o:p></o:p></span></h1>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent. The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Inflation in Canada is close to 2 per cent as temporary factors that have been weighing on inflation have largely dissipated, as expected. Consistent with an economy operating with little slack, core measures of inflation have continued to edge up and are all now close to 2 per cent. The transitory impact of higher gasoline prices and recent minimum wage increases will likely cause inflation in 2018 to be modestly higher than the Bank expected in its January <em><span style="font-family: "helvetica" , "sans-serif";">Monetary Policy Report</span></em> (MPR)<em><span style="font-family: "helvetica" , "sans-serif";">, </span></em>returning to the 2 per cent target for the rest of the projection horizon.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">The global economy is on a modestly stronger track than forecast in January, with upward revisions to growth and potential output in a number of major advanced economies. The outlook for the U.S. economy has been further boosted by new government spending plans. However, escalating geopolitical and trade conflicts risk undermining the global expansion.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">In Canada, GDP growth in the first quarter was weaker than the Bank had expected, but should rebound in the second quarter, resulting in 2 per cent average growth in the first half of 2018. The economy is projected to operate slightly above its potential over the next three years, with real GDP growth of about 2 per cent in both 2018 and 2019, and 1.8 per cent in 2020. This stronger profile for GDP incorporates new provincial and federal fiscal measures announced since January. It also reflects upward revisions to estimates of potential output growth, which suggest the Canadian economy has made some progress in building capacity.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Slower economic growth in the first quarter primarily reflects weakness in two areas. Housing markets responded to new mortgage guidelines and other policy measures by pulling forward transactions to late 2017. Exports also faltered, partly owing to transportation bottlenecks. Some of the weakness in housing and exports is expected to be unwound as 2018 progresses.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">The Bank anticipates that Canadian exports will strengthen as foreign demand increases, but not sufficiently to recover the ground lost during recent quarters. Export growth is being increasingly limited by capacity constraints in some sectors. Continued gains in business investment should build additional capacity in those sectors and in the economy more generally. However, both exports and investment are being held back by ongoing competitiveness challenges and uncertainty about trade policies.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Growth in consumption remains robust, supported by strong labour income growth. Wages have continued to pick up as expected, even after factoring out recent minimum wage increases in Ontario and Alberta. The Bank will continue to assess labour market data for signs of remaining slack.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Some progress has been made on the key issues being watched closely by Governing Council, particularly the dynamics of inflation and wage growth. This progress reinforces Governing Council’s view that higher interest rates will be warranted over time, although some monetary policy accommodation will still be needed to keep inflation on target. The Bank will also continue to monitor the economy’s sensitivity to interest rate movements and the evolution of economic capacity. In this context, Governing Council will remain cautious with respect to future policy adjustments, guided by incoming data.<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-47580424532847803362018-03-13T22:43:00.000-04:002019-05-07T11:46:02.409-04:00Search Properties in Mississauga and Surrounding Areas of the GTASearch in Mississauga<br />
(if this space is blank its due to the page being secure, https://, it must be http://, please change this in your browser line above to display the search box, sorry for the inconvenience, this is a TREB issue)<br />
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<iframe frameborder="0" height="1200" scrolling="no" src="https://www.torontomls.net/api/Idx.asp?api_key=33c62ef679c094193781630c0359a51a" width="100%"></iframe>
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<a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="https://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
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For more information please contact A. Mark Argentino
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A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
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BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
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Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
<span class="fullpost"></span><div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-56755313410420068802017-08-25T09:19:00.001-04:002017-08-25T09:21:49.517-04:00Sales Bubble? Average GTA Prices and Sales volumes can seem confusing - I'll try and remove some of the confusion<div class="WordSection1">
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<span style="color: #1f497d; font-family: "calibri" , sans-serif; font-size: 11pt;">I just received a question from a reader and thought I would share the question and my answer to you.</span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11pt;">The question was:</span></div>
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<span style="font-family: "helvetica" , "sans-serif";">Hello Mark,<o:p></o:p></span></div>
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<span style="font-family: "helvetica" , "sans-serif";">I was able to observe some variances the monthly price statics in your website and other data sources as noted below. Since you're a professional Engineer I am confident that you have much stronger quantitative skills than most realtors and was wondering if you could help me to reconcile some real estate pricing data? <o:p></o:p></span></div>
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<span style="font-family: "helvetica" , "sans-serif";">I am specifically referring to the the Oakville Milton and York Region pricing data. <o:p></o:p></span></div>
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<span style="font-family: "helvetica" , "sans-serif";"><a href="http://www.huffingtonpost.ca/2017/08/23/toronto-housing-bubble-has-expired-and-gone-to-meet-its-maker_a_23158813/" target="_blank">http://www.huffingtonpost.ca/2017/08/23/toronto-housing-bubble-has-expired-and-gone-to-meet-its-maker_a_23158813/</a><o:p></o:p></span></div>
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<span style="font-family: "helvetica" , "sans-serif";">Regards,<o:p></o:p></span></div>
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<span style="font-family: "helvetica" , "sans-serif";">G.</span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">Hello G<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">Thank you for your email.<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">The Huffington Post article you are referring to below flips back and forth talking about volume of sales and sales prices. Then at the end of the article they quote that prices are still up comparing July 2016 to July 2017 by 5.1% I can see how this can seem confusing.<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">The chart they show are actual selling prices in the two areas, York and Oakville Milton. The article states that the graphs are 'Residential Sales" and I'm assuming they are showing "only" detached home prices, not the overall average residential (which would include condos townhomes etc. I say this because I don't believe the average of ALL residential in Oakville and Milton in the spring was ever about $2.3Million. Seems high for the 'average' Regardless, I would say that the graphs are likely very accurate. <o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">You could write the author and ask where the data came from and what the actual data is showing.<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">You can see my graph of the data here:<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;"><a href="http://www.mississauga4sale.com/TREBprice.htm#graph">http://www.mississauga4sale.com/TREBprice.htm#graph</a><o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">It is similar to the data shown in the article.<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">My graph also shows a drop in the overall TREB average single family residential price from approximately $916k in March 2017 to $746k in July 2017 – a giant overall drop in average price. This coincides with the seasonal summer slowdown period, so it's not quite as dramatic as you many think. On the other hand, it's only the second time since January of 1995 that summer prices have dropped below the previous fall average prices – this signals a significant change in the marketplace.<o:p></o:p></span><br />
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">It's not all doom and gloom, but it shows how quickly the market can turn. We've seen this before in 1988/1989 and again in 2008/2009 - this could be a short blip in the market or a trend, only time will tell!</span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">I hope this helps a little.<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">Please let me know if you have other questions<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">Thank you,<o:p></o:p></span></div>
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<span style="color: #1f497d; font-family: "calibri" , "sans-serif"; font-size: 11.0pt;">Mark<o:p></o:p></span></div>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com1tag:blogger.com,1999:blog-17649054.post-62825053276428147872017-07-12T11:14:00.000-04:002017-07-12T11:14:18.391-04:00Bank of Canada increases by 1/4% to 3/4 per cent July 12 2017<div class="WordSection1">
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Greetings from fabulous Mississauga!<o:p></o:p></div>
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As expected the Bank of Canada increased the prime rate by .25% (1/4%) this morning.<o:p></o:p></div>
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It will be interesting to see if the banks increase their lending rate and to what amount. <o:p></o:p></div>
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Read part of the press release below and entire press release link at bottom<o:p></o:p></div>
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All the best!<o:p></o:p></div>
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Mark<o:p></o:p></div>
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<span style="color: #505050; font-family: "helvetica neue" , "serif"; font-size: 30.0pt; font-weight: normal;">Bank of Canada increases overnight rate target to 3/4 per cent<o:p></o:p></span></h1>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">FOR IMMEDIATE RELEASE<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;"><a href="http://www.bankofcanada.ca/location/ottawa_ontario/"><span style="color: #428bca; text-decoration: none;">Ottawa, Ontario</span></a><o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">12 July 2017<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "roboto"; font-size: 10.5pt;">The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Recent data have bolstered the Bank’s confidence in its outlook for above-potential growth and the absorption of excess capacity in the economy. The Bank acknowledges recent softness in inflation but judges this to be temporary. Recognizing the lag between monetary policy actions and future inflation, Governing Council considers it appropriate to raise its overnight rate target at this time.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "roboto"; font-size: 10.5pt;">The global economy continues to strengthen and growth is broadening across countries and regions. The US economy was tepid in the first quarter of 2017 but is now growing at a solid pace, underpinned by a robust labour market and stronger investment. Above-potential growth is becoming more widespread in the euro area. However, elevated geopolitical uncertainty still clouds the global outlook, particularly for trade and investment. Meanwhile, world oil prices have softened as markets work toward a new supply/demand balance.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "roboto"; font-size: 10.5pt;">Canada’s economy has been robust, fuelled by household spending. As a result, a significant amount of economic slack has been absorbed. The very strong growth of the first quarter is expected to moderate over the balance of the year, but remain above potential. Growth is broadening across industries and regions and therefore becoming more sustainable. As the adjustment to lower oil prices is largely complete, both the goods and services sectors are expanding. Household spending will likely remain solid in the months ahead, supported by rising employment and wages, but its pace is expected to slow over the projection horizon. At the same time, exports should make an increasing contribution to GDP growth. Business investment should also add to growth, a view supported by the most recent <em><span style="font-family: "roboto";">Business Outlook Survey.</span></em> <o:p></o:p></span></div>
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Read the full release here:<o:p></o:p></div>
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<a href="http://www.bankofcanada.ca/2017/07/fad-press-release-2017-07-12/">http://www.bankofcanada.ca/2017/07/fad-press-release-2017-07-12/</a><o:p></o:p></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-74449339732516116722017-06-05T20:38:00.000-04:002017-06-05T20:58:51.541-04:00Mississauga and GTA Real Estate Marketplace Conditions as reported on June 5th 2017<div class="WordSection1">
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Hello from Fabulous Mississauga!<o:p></o:p></div>
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The latest numbers have just been reported from TREB for last months (May 2017) real estate marketplace.<o:p></o:p></div>
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As expected, the number of MLS listings are up by over 42% and the number of sales were down by 26%<o:p></o:p></div>
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Average prices year over year were up BUT the average price dropped from $919,614 in April to $863,910 in May. This is highly unusual for average prices to drop in the period April to May. Generally the average price increases during this period and has increased over the past 8 years except in 2012 where it dropped marginally. This year the drop from April to May was about 6%<o:p></o:p></div>
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See the graph of average prices by clicking the image below.<o:p></o:p></div>
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<a href="http://www.mississauga4sale.com/TREBprice.htm" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="961" data-original-width="1600" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2ArEJSXKMaruFfvckQKZ4rUQPJVCdsYCNVovoKaq8O1aOHoBXGNEpVjiFciy4etXmBWaljftl4O2RYODbG2Dq0AkGCHpMbLame1etnk8MAnt9psh8XQS-9VwHQPZ-V1HFqfkFzQ/s320/image003-739134.jpg" width="320" /></a></div>
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The full report is below<o:p></o:p></div>
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I wish you all the best!<o:p></o:p></div>
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Mark<o:p></o:p></div>
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Active Listings Increase in May<o:p></o:p></div>
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TORONTO, June 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB’s MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016. <o:p></o:p></div>
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Sales of detached homes were down by 26.3 per cent. Sales of condominium apartments were down by 6.4 per cent.<o:p></o:p></div>
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Active listings – the number of properties available for sale at the end of May – were up by 42.9 per cent compared to the lowest level in 15 years recorded in May 2016, but remained below the average and peak during that period. The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses. Active listings for condominium apartments were down compared to May 2016.<o:p></o:p></div>
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“Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017. However, even with the robust increase in active listings, inventory levels remain low. At the end of May, we had less than two months of inventory. This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua.<o:p></o:p></div>
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Selling prices continued to increase strongly in May compared to the same month in 2016. The MLS® HPI Composite Benchmark price was up by 29 per cent year-over-year. The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910. Year-over-year price increases were greater for condominium apartments compared to low-rise home types. <o:p></o:p></div>
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This likely reflects the fact that the low-rise market segments benefitted most from the increase in listings.<o:p></o:p></div>
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“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen. In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out. On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we’ve experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB’s Director of Market Analysis.<o:p></o:p></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns </span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com1tag:blogger.com,1999:blog-17649054.post-47722101032599304342017-06-05T09:32:00.002-04:002017-06-05T20:59:04.280-04:00Bank of Canada Interest Rate stays the same at 0.5%<div class="WordSection1">
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Greetings from Fabulous Mississauga!<o:p></o:p></div>
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The Bank of Canada announced they would leave their key interest rate unchanged again at 0.5%. <o:p></o:p></div>
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This means that the prime rate charged by most lenders in Canada will remain unchanged at 2.7%<o:p></o:p></div>
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The full press release is below.<o:p></o:p></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">Inflation is broadly in line with the Bank’s projection in its April<span class="apple-converted-space"> </span></span><em><span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">Monetary Policy Report</span></em><span class="apple-converted-space"><span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;"> </span></span><span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">(MPR). Food prices continue to decline, mainly because of intense retail competition, pushing inflation temporarily lower. The Bank’s three measures of core inflation remain below two per cent and wage growth is still subdued, consistent with ongoing excess capacity in the economy.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">The global economy continues to gain traction and recent developments reinforce the Bank’s view that growth will gradually strengthen and broaden over the projection horizon. As anticipated, growth in the United States during the first quarter was weak, reflecting mostly temporary factors. Recent data point to a rebound in the second quarter. The uncertainties outlined in the April MPR continue to cloud the global and Canadian outlooks.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">The Canadian economy’s adjustment to lower oil prices is largely complete and recent economic data have been encouraging, including indicators of business investment. Consumer spending and the housing sector continue to be robust on the back of an improving labour market, and these are becoming more broadly based across regions. Macroprudential and other policy measures, while contributing to more sustainable debt profiles, have yet to have a substantial cooling effect on housing markets. Meanwhile, export growth remains subdued, as anticipated in the April MPR, in the face of ongoing competitiveness challenges. The Bank’s monitoring of the economic data suggests that very strong growth in the first quarter will be followed by some moderation in the second quarter.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "roboto"; font-size: 10.5pt;">All things considered, Governing Council judges that the current degree of monetary stimulus is appropriate at present, and maintains the target for the overnight rate at 1/2 per cent.<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-35511764357103673012017-05-03T10:18:00.001-04:002017-05-03T10:18:43.343-04:00Toronto and GTA Residential Real Estate Marketplace update for May 2017 Strong Growth in New Listings in April<div class="WordSection1">
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This is the May report from TREB for the month of April<o:p></o:p></div>
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See graph of <a href="http://www.mississauga4sale.com/TREBprice.htm#graph" target="_blank">sales prices</a> by clicking the graph below<o:p></o:p></div>
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<a href="http://www.mississauga4sale.com/TREBprice.htm#graph" target="_blank"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK_owJHFC_4WSkZK-5B4SvKshAxdumGYJnsxp6nZQQvusyRyPtti1MzI0iwfoSgBtPbdtyfMYKz4DOoaZ_yVY_EuVlnj6iPGdxp3ZkvJThsHflviAWQTlHsu_K4VC2dLUSppVR9w/s320/AVGPRI%257E2-789509.JPG" width="320" /></a></div>
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Strong Growth in New Listings in April<o:p></o:p></div>
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TORONTO, ONTARIO, May 3, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB's MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New listings for condominium apartments were at the same level as last year.<o:p></o:p></div>
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Total sales for the TREB market area as a whole amounted to 11,630 – down 3.2 per cent year-over-year. One issue underlying this decline was the fact that Easter fell in April in 2017 versus March in 2016, which resulted in fewer working days this year compared to last and, historically, most sales are entered into TREB's MLS® System on working days.<o:p></o:p></div>
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"The fact that we experienced extremely strong growth in new listings in April means that buyers benefitted from considerably more choice in the marketplace. It is too early to tell whether the increase in new listings was simply due to households reacting to the strong double-digit price growth reported over the past year or if some of the increase was also a reaction to the Ontario government's recently announced Fair Housing Plan," said Mr. Cerqua.<o:p></o:p></div>
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The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 31.7 per cent year over- year in April 2017. Similarly, the average selling price for all home types combined was up by 24.5 per cent to $920,791.<o:p></o:p></div>
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"It was encouraging to see a very strong year-over-year increase in new listings. If new listings growth continues to outpace sales growth moving forward, we will start to see more balanced market conditions. It will likely take a number of months to unwind the substantial pent-up demand that has built over the past two years. Expect annual rates of price growth to remain well-above the rate of inflation as we move through the spring and summer months," said Jason Mercer, TREB's Director of Market Analysis.<o:p></o:p></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-6465510231201814292017-04-13T06:30:00.000-04:002017-04-13T06:30:23.636-04:00Real Estate Prices continue their upward march in March of 2017<div class="headline" style="background-color: #004b8c; color: white; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">
<b><span style="font-size: x-large;">Greetings from Fabulous Mississauga!</span></b></div>
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<li style="margin: 0px 0px 0px 15px; padding: 0px;"><b>The average selling price last month was $916,567 (it was $688,011 in March of 2016 - over 30% increase year over year),<strong> and </strong>it was $876,186 the previous month.</b>- <a href="http://www.mississauga4sale.com/TREBprice.htm#graph" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">see graph of prices here</a><br /></li>
<li style="margin: 0px 0px 0px 15px; padding: 0px;">Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016.</li>
<li style="margin: 0px 0px 0px 15px; padding: 0px;">The Bank of Canada Prime Lending Rate now stands at 2.70% steady (since July 2015) <a href="http://blog.mississauga4sale.com/search/label/Bank%20of%20Canada" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">read more</a></li>
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The statistics for last month are out, the figures for previous month are out and average GTA sale price and volumes continue to be at or near all time highs, <a href="http://www.mississauga4sale.com/TREBprice.htm" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">see this page for latest market stats and results from the previous month</a></div>
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<a href="http://www.mississauga4sale.com/TREBprice.htm" target="_blank"><img alt="Toronto Real Estate Board (TREB) Average Prices and Graph" border="0" src="http://www.mississauga4sale.com/old-blog/uploaded_images/avgprices-thumb-729082.JPG" style="cursor: hand; float: right; margin: 0px 0px 10px 10px;" /></a>
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For more information please contact A. Mark Argentino
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<br />
A. Mark Argentino, Broker, P.Eng.,<br />
Specializing in Residential & Investment Real Estate<br />
RE/MAX Realty Specialists Inc., Brokerage<br />
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
<br />
BUS. 905-828-3434<br />
FAX. 905-828-2829<br />
E-MAIL: <a href="mailto:mark@mississauga4sale.com">mark@mississauga4sale.com</a>
<br />
Website: <a href="http://www.mississauga4sale.com/" target="_blank">Mississauga4Sale.com</a>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-76156759110359837312017-04-12T13:02:00.002-04:002017-04-12T13:02:58.607-04:00Bank of Canada announces no change in the interest rates today<div class="WordSection1">
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Greeting from Fabulous Mississauga!<br />
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The Bank of Canada announced that they are not making a change to the interest rates today<o:p></o:p></div>
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They will be maintaining the overnight rate at the current level. This is what the prime rate is based on. <o:p></o:p></div>
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This means that the prime rate remains 2.70% This is the rate that lenders charge to their best customers.</div>
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This is what the Bank of Canada said today in their announcement.<o:p></o:p></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Global economic growth is strengthening and becoming more broadly-based than the Bank had expected in its January<span class="apple-converted-space"> </span></span><em><span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">Monetary Policy Report</span></em><span class="apple-converted-space"><span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;"> </span></span><span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">(MPR), although there is still considerable uncertainty about the outlook. In the United States, some temporary factors weighed on economic activity in the first quarter but the drivers of growth remain solid. The US is close to full employment, unlike many other advanced economies, including Canada, where material slack remains. Global financial conditions remain accommodative. The Bank expects global GDP growth to increase from 3 1/4 per cent this year to about 3 1/2 per cent in 2018 and 2019.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">In Canada, recent data indicate that economic growth has been faster than was expected in the January MPR. Growth was temporarily boosted by a resumption of spending in the oil and gas sector and the effects of the Canada Child Benefit on consumer spending. Residential investment has also been stronger than expected. Employment data have been robust, although gains in hours worked are still soft. Meanwhile, export growth has been uneven in the face of ongoing competitiveness challenges. Further, despite a recent uptick in sentiment, business investment remains well below what could be expected at this stage in the recovery. Accordingly, while the recent rebound in GDP is encouraging, it is too early to conclude that the economy is on a sustainable growth path.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">During the rest of this year and into 2018 and 2019, growth in Canada is expected to moderate but remain above potential. At the same time, its composition is expected to broaden as the pace of household spending, especially residential investment, slows while the contributions from exports and business investment increase. The Bank now projects real GDP growth of 2 1/2 per cent in 2017 and just below 2 per cent in 2018 and 2019. Meanwhile, the Bank has revised down its projection of potential growth, reflecting persistently weak investment. With this combination of a higher profile for economic activity and a lower profile for potential, the output gap is projected to close in the first half of 2018, a bit sooner than the Bank anticipated in January. <o:p></o:p></span></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">CPI inflation is now at the 2 per cent target, largely because of the transitory effects of higher oil prices and carbon pricing measures in two provinces, as well as other temporary factors. The Bank’s three measures of core inflation, on the other hand, have been drifting down in recent quarters and wage growth remains subdued, consistent with material excess capacity in the economy. CPI inflation is expected to dip in the months ahead, as the temporary factors unwind, and then return to 2 per cent later in the projection horizon as the output gap closes.<o:p></o:p></span></div>
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<span style="color: #333333; font-family: "helvetica" , "sans-serif"; font-size: 10.5pt;">The Bank’s Governing Council acknowledges the strength of recent data, some of which is temporary, and is mindful of the significant uncertainties weighing on the outlook. In this context, Governing Council judges that the current stance of monetary policy is still appropriate and maintains the target for the overnight rate at 1/2 per cent.<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span lang="EN-US" style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span lang="EN-US" style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span lang="EN-US" style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span lang="EN-US" style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span lang="EN-US" style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span lang="EN-US" style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span lang="EN-US" style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><span lang="EN-US"> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><span lang="EN-US"><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></span></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto;"><span lang="EN-US" style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><span lang="EN-US"><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></span></li>
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-72336372608339796832017-03-07T17:38:00.001-05:002017-03-07T17:38:09.866-05:00Real Estate Prices UP by nearly 28% in the GTA Real Estate Marketplace<div class="WordSection1">
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<b>Greetings from Fabulous Mississauga!</b></h2>
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<a href="http://www.mississauga4sale.com/TREBprice.htm#graph" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;" target="_blank"><img alt="click this image to see a graph of real estate prices" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiodDaXtGjcD3cUQ8oAx1w8BUoYy1V09BQBfsqAjEP3qOWd3Pu_aVJJZWAal53DgKgjIaFV-MrR_94BsLC8WClfHYu5iBxUedxaWxubHa3hPfCiTPlbeMYLXnluXW8nmRRkswqzGA/s1600/house-prices-up-2.png" title="click image to see graph of prices" /></a></div>
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<li style="margin: 0px; padding: 0px;"><b>The average selling price last month was $<strong>875,983</strong> (it was $770,745 the previous month) compared to January of last year.</b> and this represents aver a <b>27.7% increase</b> compared to the same month last year- <a href="http://www.mississauga4sale.com/TREBprice.htm#graph" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">see graph of prices here</a></li>
<li style="margin: 0px; padding: 0px;"><b>The overall average selling price for calendar year 2016 was $729,922 – up 17.3 per cent compared to 2015</b></li>
<li style="margin: 0px; padding: 0px;">Greater Toronto Area REALTORS® reported 8,014 residential transactions through TREB's MLS® System last month. This result was up by 5.7 per cent compared to the same month last year</li>
<li style="margin: 0px; padding: 0px;">The Bank of Canada Prime Lending Rate now stands at 2.70% steady (since July 2015) <a href="http://blog.mississauga4sale.com/search/label/Bank%20of%20Canada" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">read more</a></li>
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The statistics for last month are out, the figures for previous month are out and average GTA sale price and volumes continue to be at or near all time highs, <a href="http://www.mississauga4sale.com/TREBprice.htm" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;" target="_blank">see this page for latest market stats and results from the previous month</a><br />
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Mortgage Interest Rates - time to lock in? <a href="http://blog.mississauga4sale.com/search/label/mortgage-interest-rates" style="background-color: transparent; color: red; font-family: Tahoma, Verdana, sans-serif; font-size: 13px; margin: 0px; padding: 0px;">read more</a><br />
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<b>Once again, last month was another very strong month for sales and prices in the GTA.</b><br />
TREB reports that the volume of sales was down but prices are up year over year. </div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 8.5pt;">All the best!<o:p></o:p></span></div>
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<span style="color: black; font-family: "arial" , "sans-serif"; font-size: 8.5pt;">Mark<o:p></o:p></span></div>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-51556053081660677412017-01-01T14:39:00.001-05:002017-01-01T14:43:35.224-05:00The Bank of Canada last announcement in 2016 was that it will maintain its target rate at 1/2 per cent<div>
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Greetings from Fabulous Mississauga!</h3>
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The Bank of Canada announced on December 9th that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.<o:p></o:p></div>
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This means that mortgage rates and bank prime rates should be steady for next month or so. Of course lenders can offer rate specials that you may be able to take advantage of.</div>
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Prime lending rate to consumers will likely stay at 2.70%</div>
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Some mortgage rates increased after the December announcement </div>
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The bank supported it's latest hold on rates by issuing the following statement, in part:</div>
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"<span style="color: rgb(51 , 51 , 51); font-family: "roboto" , "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px;">Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its October </span><em style="box-sizing: border-box; color: #333333; font-family: Roboto, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; font-variant-ligatures: none;">Monetary Policy Report</em><span style="color: rgb(51 , 51 , 51); font-family: "roboto" , "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px;"> (MPR). </span></div>
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<span style="color: rgb(51 , 51 , 51); font-family: "roboto" , "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px;">However, uncertainty, which has been undermining business confidence and dampening investment in Canada's major trading partners, remains undiminished. </span></div>
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<span style="color: rgb(51 , 51 , 51); font-family: "roboto" , "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px;">Following the election in the United States, there has been a rapid back-up in global bond yields, partly reflecting market anticipation of fiscal expansion in a US economy that is near full capacity. Canadian yields have risen significantly in this context.</span></div>
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Inflation in Canada is on track to return to 2 per cent in 2017 as the complex adjustment underway in Canada's economy proceeds. The fundamentals remain in place for a pickup in growth over the projection horizon, albeit in a climate of heightened uncertainty.<o:p></o:p></div>
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The United States increased their prime rates a few days after this announcement. This is the first time in many years that the US interest rate is higher than here in Canada. </div>
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<a href="http://www.bankofcanada.ca/2016/07/fad-press-release-2016-07-13/" style="color: rgb(136 , 136 , 136); text-decoration: none;" target="_blank">Read more at this page</a><o:p></o:p></div>
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<span style="font-family: "arial" , sans-serif; font-size: 10pt;">I hope this finds you Happy and Healthy!</span><span style="font-family: "times new roman" , serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 10pt;">All the Best!</span><span style="font-family: "times new roman" , serif; font-size: 12pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 10pt;">Mark</span><span style="font-family: "times new roman" , serif; font-size: 12pt;"><o:p></o:p></span></div>
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<b><i><span style="color: maroon; font-family: "brush script mt"; font-size: 18pt;">A. Mark Argentino</span></i></b><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;"><br />P. Eng. Broker<br />Specializing in Residential & Investment Real Estate</span><span style="font-family: "times new roman" , serif; font-size: 10pt;"><br /></span><b><span style="color: blue; font-family: "arial" , sans-serif; font-size: 10pt;">RE</span></b><b><span style="color: red; font-family: "arial" , sans-serif; font-size: 10pt;">/</span></b><b><span style="color: blue; font-family: "arial" , sans-serif; font-size: 10pt;">MAX</span></b><span style="font-family: "arial" , sans-serif; font-size: 10pt;"> </span><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span style="font-family: "times new roman" , serif; font-size: 10pt;"><br /></span><span style="color: purple; font-family: "tahoma" , sans-serif; font-size: 10pt;">BUS</span><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;"> 905-828-3434</span><span style="font-family: "times new roman" , serif; font-size: 10pt;"><br /></span><span style="color: purple; font-family: "tahoma" , sans-serif; font-size: 10pt;">FAX</span><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span style="color: blue; font-family: "tahoma" , sans-serif; font-size: 10pt;"><br /></span><b><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span style="font-family: "tahoma" , sans-serif; font-size: 10pt;">.com</span><span style="font-family: "arial" , sans-serif; font-size: 10pt;"></span><span style="font-family: "times new roman" , serif; font-size: 12pt;"><o:p></o:p></span></div>
<ul style="background-color: rgb(255 , 255 , 255); color: rgb(34 , 34 , 34); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15.84px; margin: 0.5em 0px; padding: 0px 2.5em;" type="disc">
<li class="MsoNormal" style="margin: 0px 0px 12pt; padding: 0px;"><span style="font-family: "arial" , sans-serif; font-size: 10pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span><br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm" style="color: rgb(136 , 136 , 136); text-decoration: none;"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin: 0px 0px 12pt; padding: 0px;"><span style="font-family: "arial" , sans-serif; font-size: 10pt;">Power of Sales and Foreclosures</span><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm" style="color: rgb(136 , 136 , 136); text-decoration: none;"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin: 0px 0px 12pt; padding: 0px;"><span style="font-family: "arial" , sans-serif; font-size: 10pt;">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 </span><br /><a href="http://www.mississauga4sale.com/popupquestion.htm" style="color: rgb(136 , 136 , 136); text-decoration: none;"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin: 0px 0px 12pt; padding: 0px;"><span style="font-family: "arial" , sans-serif; font-size: 10pt;">See seasonal housing patterns</span><span style="color: blue; text-decoration: none;"><a href="http://www.mississauga4sale.com/TREBprice.htm" style="color: rgb(136 , 136 , 136); text-decoration: none;">http://www.mississauga4sale.com/TREBprice.htm</a></span></li>
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Sent from my Samsung Galaxy S7 smartphone.</div>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com0tag:blogger.com,1999:blog-17649054.post-72331589931132141642016-07-13T10:54:00.002-04:002016-07-13T10:54:20.559-04:00Bank of Canada announces it will maintain its target rate at 1/2 per cent<div class="WordSection1">
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Greetings from Fabulous Mississauga!<o:p></o:p></div>
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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.<o:p></o:p></div>
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This means that mortgage rates and bank prime rates should be steady for next month or so. Of course lenders can offer rate specials that you may be able to take advantage of.</div>
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Prime lending rate to consumers will likely stay at 2.70%</div>
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Inflation in Canada is on track to return to 2 per cent in 2017 as the complex adjustment underway in Canada’s economy proceeds. The fundamentals remain in place for a pickup in growth over the projection horizon, albeit in a climate of heightened uncertainty.<o:p></o:p></div>
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<a href="http://www.bankofcanada.ca/2016/07/fad-press-release-2016-07-13/" target="_blank">Read more at this page</a><o:p></o:p></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">I hope this finds you Happy and Healthy!</span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">All the Best!</span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Mark</span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"> <o:p></o:p></span></div>
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<b><i><span style="color: maroon; font-family: "brush script mt"; font-size: 18.0pt;">A. Mark Argentino</span></i></b><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br />P. Eng. Broker <br />Specializing in Residential & Investment Real Estate</span><span style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><b><span style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">RE</span></b><b><span style="color: red; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">/</span></b><b><span style="color: blue; font-family: "arial" , "sans-serif"; font-size: 10.0pt;">MAX</span></b><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Realty Specialists Inc.<br />Providing Full-Time Professional Real Estate Services since 1987</span><span style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">BUS</span><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-3434</span><span style="font-family: "times new roman" , "serif"; font-size: 10.0pt;"><br /></span><span style="color: purple; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">FAX</span><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"> 905-828-2829 <span style="color: purple;">CELL</span> 416-520-1577<br /><span style="color: blue;">mark@mississauga4sale.com<o:p></o:p></span></span></div>
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<span style="color: blue; font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;"><br /></span><b><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">Mississauga<span style="color: red;">4</span>Sale</span></b><span style="font-family: "tahoma" , "sans-serif"; font-size: 10.0pt;">.com</span><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;"> </span><span style="font-family: "times new roman" , "serif"; font-size: 12.0pt;"><o:p></o:p></span></div>
<ul type="disc">
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?</span> <br /><a href="http://www.mississauga4sale.com/internet-evaluation.htm"><span style="color: blue;">http://www.mississauga4sale.com/internet-evaluation.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">Power of Sales and Foreclosures</span><a href="http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm"><span style="color: blue;">http://www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">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 </span><br /><a href="http://www.mississauga4sale.com/popupquestion.htm"><span style="color: blue;">http://www.mississauga4sale.com/popupquestion.htm</span></a><o:p></o:p></li>
<li class="MsoNormal" style="margin-bottom: 12.0pt; mso-list: l0 level1 lfo1; mso-margin-top-alt: auto;"><span style="font-family: "arial" , "sans-serif"; font-size: 10.0pt;">See seasonal housing patterns</span><a href="http://www.mississauga4sale.com/TREBprice.htm"><span style="color: blue;">http://www.mississauga4sale.com/TREBprice.htm</span></a><o:p></o:p></li>
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<div class="blogger-post-footer">Mississauga Real Estate MLS Listings Homes for Sale Post Footer:
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com2tag:blogger.com,1999:blog-17649054.post-83762170982364568352016-05-12T09:43:00.000-04:002016-05-12T09:43:01.408-04:00How to get top dollar for your home - article from MoneySenseThis is an article that appeared in MoneySense about How to get top dollar for your home and some information the current state of our real estate market in 2011. Too bad we didn't have the foresight back then to see how much the average price would increase, otherwise we would have purchased many properties!<br />
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<a href="http://www.moneysense.ca/spend/real-estate/get-top-dollar-for-your-home/" rel="nofollow" target="_blank">Read the full article here</a><br />
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I wish you the best,<br />
Mark<br />
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Or visit my home page at: http://www.mississauga4sale.com</div>Mark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.com1