REMAX reports that balance returns to recreational property markets

Balance returns to recreational property markets

across Canada this year, says RE/MAX

Mississauga, ON (June 10, 2008) --

After an extended period of extraordinary growth, more balanced

market conditions have emerged in recreational property markets across the country, according to a report

released today by RE/MAX.

The RE/MAX Recreational Property Report found that a substantial increase in the supply of recreational

properties listed for sale, combined with fewer buyers overall, characterized most recreational markets

this year. Of the 45 markets surveyed, 91 per cent (or 41 markets) were in the transition stage, moving

from strong sellers into balanced market conditions. The only exceptions were Salt Spring Island, two

markets in Saskatchewan—Last Mountain Lake and Qu'Appelle Lakes and Lakes Candle, Emma, and

Waskesiu -- and Newfoundland's East Coast —where inventory levels were relatively low. Affordability

was a primary factor in 35 per cent of markets surveyed, given serious upward pressure on recreational

values in recent years.

"Market conditions have shifted, but don't expect to see bargain basement prices or fire sales," says

Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada.

"The recreational market continues to experience solid demand -- a trend that is expected to continue

throughout 2008. The influx of new listings has yet to translate into downward pressure on recreational

property prices. Prime waterfront properties, while more plentiful than in year's past, will still command

top dollar."

Adverse winter weather conditions during the first four months of the year hindered recreational activity.

Sixty-seven per cent of markets reported softening in the number of sales year-to-date, while average

prices remained stable or experienced moderate increases over 2007 levels for the same period. Economic

concerns, fueled by negative GDP growth in the first quarter and soaring energy costs, have also played a

role in the transitioning market.

"We're coming off the longest period of economic expansion since World War II," says Elton Ash,

Regional Executive Vice President, RE/MAX of Western Canada. "Recreational property values have

appreciated beyond our wildest dreams across the country. More balanced market conditions are a

welcome change for purchasers."

- more -

RE/MAX Recreational Property Report…2

For the first time in many years, in fact, a good selection of entry-level waterfront is available in markets

across the country. Eighteen per cent of those surveyed offer properties under the $200,000 price point,

including; Central South Cariboo in British Columbia; Parry Sound, East Kawarthas and Kingston in

Ontario; Summerside, PEI; South Shore, Nova Scotia; Shediac, New Brunswick; and the East Coast of

Newfoundland.

Recreational property buyers also found themselves divided between two borders this year. The housing

market meltdown in the US combined with a Canadian dollar at par created serious investment

opportunities for secondary properties in Florida, Arizona, Texas, and California. Some of those very

same factors have spurred American recreational property owners in Canada to list their properties for

sale, with many looking to take advantage of ideal market conditions here.

"Many Canadians are capitalizing on market conditions in major American centres," says Polzler. "For

some purchasers, the move is strictly a short-term investment strategy with a pay-off at the end of the day,

while for others, retirement is the main objective."

The report also found that younger buyers were a factor in 40 per cent of recreational markets surveyed.

"Baby boomers are clearly not the only purchasers that appreciate the recreational lifestyle," says Ash.

"Generation X is quickly becoming a force in the marketplace, spurring demand for condominium

product on ski hills, oceanfront properties in good surf locales, and water frontage on trendy lakes with

celebrity residents."

Other highlights

:

Alberta's red-hot economy has helped boost recreational property markets in British Columbia,

Atlantic Canada, and some parts of Ontario.

Affordability is prompting buyers to consider back lots, riverfront, condominiums, hobby farms

and leased land.

Some purchasers looking to secure an exit strategy are buying recreational properties or

secondary homes in residential neighbourhoods in close proximity to the water's edge.

RE/MAX is Canada's leading real estate organization with over 18,000 sales associates in more than 656

independently-owned and operated offices. The RE/MAX franchise network is a global real estate

system operating in over 65 countries. More than 7,000 independently-owned offices engage over

110,000 member sales associates who lead the industry in professional designations, experience and

production while providing real estate services

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:mark@mississauga4sale.com?subject=Mississauga
Website : Mississauga4Sale.com

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RE/MAX report Rising housing values and lack of inventory challenge first-time buyers

Rising housing values and lack of inventory challenge first-time buyers, says RE/MAX

"Homeownership continues to be primary objective"

Mississauga, ON (April 22, 2008) -- While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across the country, according to a
report released today by RE/MAX.

Despite a higher degree of frustration in the marketplace than in previous years, the RE/MAX Affordability Report found that first-time buyers, in particular, remain steadfast in their determination to purchase a home. In fact, entry-level purchasers are adjusting their expectations by sacrificing size, location, and even long-term financial freedom, to overcome challenges such as rising prices and serious supply issues. Innovative financing has become key to homeownership in today's environment – with longer amortization periods gaining favour in 62 per cent of the major centres surveyed. Low or no down payments were popular with first-time buyers in 38 per cent of markets.


"Doom and gloom reports coming from south of the border have yet to hinder overall momentum," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. "First-time buyers are still leading the charge, taking advantage of every resource available to achieve homeownership. They're determined to get into the market sooner rather than later. If suburban locations, smaller condominiums and town homes, or a little sweat equity is what it takes to get into the market, these purchasers are game."

Inventory levels, however, remain one of the foremost concerns facing purchasers across the country. A shortage of available entry-level product was identified as a major obstacle impeding buyer intentions in three-quarters of markets surveyed in the report, including St. John's, Moncton, Fredericton, Halifax-Dartmouth, Ottawa, Greater Toronto Area, Hamilton-Burlington, Niagara Falls, Winnipeg, Regina, Saskatoon, Greater Vancouver, Victoria and Kelowna.

RE/MAX Affordability Report 2008

"First-time purchasers continue to play a pivotal role at both a local and national level," says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. "The impact they have on the housing market is significant, as they are the impetus for sales in the mid-to-upper price ranges. As long as this segment of the market remains healthy, the real estate outlook will continue to be favourable."

Although average price is the barometer for housing values in most major centres, first-time buyers looking to achieve homeownership consider starting prices a more meaningful gauge of affordability. Starting prices can be substantially lower than the market average. For example, average price now approaches $400,000 in the Greater Toronto Area, while the starting price for a detached home can be as low as $300,000 in areas east and west of the city.

The best value for the dollar continues to be found in the suburbs. For those unwilling to sacrifice on location, small condominium units in new developments and condominium conversions of rental buildings offer up the next best alternative. Condominium conversions in some of the country's major centres can be picked up as low as $150,000 to $175,000.

Read more about:

• Interest Rates
• Power of Sale Properties
• Price Trends
• or Search the MLS and more at my website

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

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Treehouse Monkeys REMAX TV Commercial

Another RE/MAX TV commercial, Enjoy!





For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

RE/MAX Real Estate Agents Children's Miracle Network raise over $4 million

This is a press release from REMAX Ontario Atlantic

RE/MAX Realtors raise over $4 million for Children's miracle Network

Mississauga, ON (February 5, 2008) -Housing sales and average price weren't the only records being shattered across Canada in 2007. RE/MAX realtors also set a new benchmark in charitable giving, raising over $4 million for Children's Miracle Network.

The donation surpasses the realtors' 2006 contribution by more than 14 per cent. Since 1992, RE/MAX sales associates nationwide have contributed close to $30 million to the cause.

"It's amazing what can be accomplished when people work toward a meaningful cause," says Christine Martysiewicz, Director of Internal and Public Relations, RE/MAX Ontario-Atlantic Canada. "The synergy, commitment and enthusiasm of the RE/MAX network are truly phenomenal. However, what's more amazing is that the charitable efforts undertaken by our realtors are 100 per cent voluntary. Supporting Children's Miracle Network is a chance to make a real difference in the lives of local children and families in their own communities. That type of involvement is something that's been woven into the fabric of the RE/MAX organization since its inception. The way we see it, we don't just serve and work in these communities, we truly are a part of them, and we care-it's that simple."

RE/MAX realtors generate donations through the RE/MAX Miracle Home Program®, whereby a portion of their commission earned on the purchase or sale of each home is given to Children's Miracle Network affiliated hospitals. Children's Miracle Network supports 14 children's hospitals and foundations across Canada. Donations are often maximized through additional fundraising events including golf tournaments, gala evenings with silent auctions, casual Fridays and much more. Funds raised in each community stay in that community to be invested in the local Children's Miracle Network hospital.

'What many don't realize is that the corporate and private sectors play a vital role in making miracles possible," says Marie Sheppy, Senior Coordinator, Corporate Affairs, RE/MAX of Western Canada. "With public coffers stretched to the limit, it's a fact that organizations like RE/MAX fund a significant portion of the required cost to treat sick and injured children in pediatric facilities across Canada. We work so hard because we know our donations mean more than dollars and cents-it's an opportunity for healthy, happy childhoods and hope for promising futures. There really is nothing more rewarding than watching kids just be kids."

In Canada, the funds raised on behalf of Children's Miracle Network help support outreach programs and fund advancements in critical research, as well as upgrades to medical facilities and equipment.

"The outstanding generosity of RE/MAX Associates has helped more than 2.5 million Canadian children in 2007 alone - that's 1 in 4 kids nationally," says John Hartman, Chief Operating Officer - Canada, Children's Miracle Network. "RE/MAX has made Children's Miracle Network hospitals a vital part of what they do and continue to put giving back at the top of their agenda. Since 1992, RE/MAX has been a strong supporter of Children's Miracle Network. Their dedication, passion and enthusiasm for the kids and families in their communities across Canada is outstanding. They continue to give and give more. We are very proud to be affiliated with RE/MAX. The progress being made thanks to contributions like RE/MAX's has been nothing short of astonishing. While care and outcomes have improved significantly, it also remains a reality that the need has never been greater."

In Canada, the children's hospitals/foundations receiving funding from Children's Miracle Network are: BC Children's Hospital Foundation in Vancouver, Alberta Children's Hospital Foundation in Calgary, Stollery Children's Hospital Foundation in Edmonton, Children's Health and Hospital Foundation of Saskatchewan in Saskatoon, The Children's Hospital Foundation of Manitoba in Winnipeg, SickKids Foundation in Toronto, Children's Health Foundation in London, McMaster Children's Hospital in Hamilton, Children's Hospital of Eastern Ontario Foundation in Ottawa, Operation Enfant Soleil (St. Justine's Children's Hospital, Montreal Children's Hospital, Centre hospitalier universitaire de Québec (CHUQ) , IWK Health Centre in Halifax, and Janeway Children's Hospital Foundation in St. John's. For more information, visit: www.childrensmiraclenetwork.ca.

RE/MAX is Canada's leading real estate organization with over 17,600 sales associates in more than 650 independently-owned and operated offices. The RE/MAX franchise network is a global real estate system
operating in over 65 countries. More than 7,000 independently-owned offices engage nearly 115,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral and asset management. For more information, visit: www.remax.ca.

Read more about RE/MAX at my site

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website.

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

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RE/MAX Reports Condominium appreciation outpaced single-detached housing

New Report from RE/MAX Condominium appreciation outpaces single-detached housing
values in key GTA districts in 2007, says RE/MAX

Mississauga, Ontario (January 23, 2008) Condominiums experienced unprecedented upward pressure on average price in 2007, surpassing gains reported in the single-detached category for the first time in key GTA districts, including the central core and west end.

According to RE/MAX Ontario-Atlantic Canada, the average price of a condominium rose 12.2 per cent in the central core in 2007 ($327,559 vs. $292,064) while values in the west end jumped 7.3 per cent from $215,036 to $230,749. Statistics for single-detached homes reveal an 11.5 per cent increase in average price in the central core ($910,906 vs. $816,938) and a 6.6 per cent increase in the west ($417,407 vs. $444,945) during the same period.

"Condominiums are clearly a viable—and now financially feasible—alternative to single-detached housing," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada.

"With so many purchasers forced to compromise on their choice of housing, the ever-growing return on investment in the condominium market is proving to be quite the consolation prize."

Despite higher prices across the board—approximately 20 per cent, or 12 of 63 Toronto Real Estate Board Districts, experienced a double-digit increase in average price in 2007—the condominium lifestyle allows purchasers to live in the GTA's most coveted communities at a fraction of the price of a single-detached home.

The best performing markets in 2007 include top-ranking Bayview Village (C15), leading with a 28.9 per cent increase in average price year-over-year ($241,611 vs. $340,113); Yorkville, Annex (C02) in second place with a 23.9 per cent increase ($494,861 vs. $650,379); and Rosedale, Summerhill (C09) in third place, with values 17.2 per cent ahead of 2006 figures ($462,067 vs. $558,435).

Forest Hill, Deer Park (C03) and Swansea, Roncesvalles, South Parkdale (W01) both tied at 14.8 per cent—$514,823 vs. $604,924 and $246,900 vs. $289,872 respectively claiming fourth place, while SE Mississauga, Applewood, Rathwood (W14) rounded out the top five at 14.6 per cent ($180,279 vs. $211,185).

"Condominiums now outsell single-detached homes two to one in the central core," explains Polzler.

"Condo sales have accounted for an increasing percentage of the marketplace in the central, west, and northern districts since 2005. The trend is expected to continue as affordability levels diminish, particularly in the central core. It's also important to recognize that the vast majority of these purchasers are end-users and speculation is a rare occurrence in the resale condominium market."

Although they carry some pretty hefty price tags, single-detached homes continued to post solid gains as well, with approximately 21 per cent or 13 of 63 Toronto Real Estate Board districts, reporting increases over 10 per cent in 2007. The best return on investment occurred yet again in proven blue chip neighbourhoods. Forest Hill (C03) led the way with a 17.4 per cent increase in average price in 2007, rising from $849,697 in 2006 to $1,028,960. Leaside (C11), Lansing, Willowdale (C07), and Bathurst Manor, Armour Heights (C06) placed second, third and fourth, with prices rising 14.2 ($791,083 to $922,607), 13.4 ($537,891 to $621,185), and 12.2 per cent ($523,736 to $596,551) respectively year-over-year. Thriving Port Credit (W12) placed a strong fifth with a percentage increase of 11.7 per cent in average price, bringing single-detached housing values in the area to $577,461 from $509,380 in 2006.

"When it comes to bricks and mortar, homeownership can be cost-prohibitive," says Polzler. "The surge in condominium sales and prices is a glimpse at the future. Not only is the condo lifestyle more widely accepted, it is also highly coveted by many. Location, price, amenities, views, low-maintenance living—it's the ideal package for a growing number of purchasers. As such, price growth and demand are expected to continue strong into 2008. "

RE/MAX is Canada's leading real estate organization with over 17,500 sales associates situated throughout its more than 640 independently owned and operated offices across the country. The RE/MAX franchise network, now in its 34th year of consecutive growth, is a global real estate system operating in over 65 countries. More than 7,000 independently owned offices engage 120,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management. For more information, visit: http://www.remax.ca/.

read more about Price Trends at my site

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website.

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

• Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?


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Funny REMAX Commercial, Traffic Commute Move Closer to Reduce Time on Road, REMAX video commercial

Another RE/MAX Video showing you may wish to move so you can have a shorter commute time!

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

RE/MAX video showing How much is enough? What's a good deal?

RE/MAX video showing questions you would have as a buyer or seller and which real estate company you shold choose. Questions such as: How much is enough? What's a good deal?
Another classic video showing why RE/MAX is the company to use when you sell or buy your next home!

This is another TV commercial from RE/MAX and asks many questions that buyers and sellers have on their mind, such as:

• How much is enough?


• What a good deal?


• Do you push or paus?


• How do I get what I want?


• What's our place worth?


• How high should we go?


• Are all agents the same?


• Where should I look?


• Which agent is right for me?


• Should we make an offer?


• Can I get that?


• Who is the Best?


• What's in a Sign?


• Sold RE/MAX remax.ca
  

The answers to these and other questions can be found at my website here

Read more about RE/MAX and how REMAX can help you

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website.

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

• Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?



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RE/MAX Commercial - Roll the Dice or Go with RE/MAX - Anything Less is Second Best!

This is a video of a 30 second RE/MAX Commercial showing that you require a RE/MAX Agent to sell your home.



As the commercial states, 'do you think it's easy to sell your home?'

Choose RE/MAX becuase we sell more, we know more, we advertise more.

In reality real estate is no game, you can roll the dice or go with RE/MAX - Anything Less is Second Best!

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

RE/MAX reports that Condominiums have achieved unprecedented favour among Canadian home-buyers

Condominiums achieve unprecedented favour among Canadian homebuyers, says RE/MAX

Double-digit sales gains reported in most major markets in 2007

MISSISSAUGA, ON, Nov. 14 /CNW/ - After more than three decades of slow but steady growth, the condominium concept has finally clicked with Canadian homeowners. The lifestyle has proven to be a solid investment in housing markets across the country, chalking up some of the most impressive gains in residential real estate in 2007, according to the RE/MAX Condominium Report released today. Their universal appeal is substantiated, with every market reporting increased momentum in condominium sales volume over 2006 levels. In fact, 80 per cent of markets surveyed reported double-digit gains in sales year-over- year, with 53 per cent reporting increases over 20 per cent. The greatest growth was experienced in Canada's small to mid-sized markets. Leading the country, in terms of percentage increase in sales so far this year, are Kitchener-Waterloo (+59%), Regina (+57%), St. John's (+54%), and Saskatoon (+33%).

Deteriorating affordability levels in major Canadian centres have led to the resurrection of the condominium lifestyle in recent years," says Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. "Condominiums are clearly the answer to the skyrocketing cost of land and shelter that has all but eradicated the dream of homeownership for many first-time buyers."

While price appreciation on freehold properties, in particular, was the primary factor in the upswing, the strong desire among baby boomers to lead an active, carefree lifestyle has also driven the concept to unprecedented popularity. The RE/MAX Condominium Report identified Greater Vancouver as the strongest market in the country - where close to 60 per cent of all residential sales now involve a condominium. Condominium presence is also on the rise in centres such as Toronto, Edmonton, Calgary, Regina, Ottawa, and Hamilton-Burlington, where condos now represent 20 to 30 per cent of all MLS sales.

"The white picket fence, sprawling green lawn and tidy urban bungalow has become an unattainable ideal for many first-time buyers - especially in the West," says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. "By necessity, condominiums have become the only practical means to homeownership for a growing segment of the population. Today's entry-level purchasers aspire to manageable mortgage payments, sunset city views, and the non-stop action and amenities of central core living, all packed into 600 to 800 sq. ft. The momentum of the market in recent decades has redefined the home buying process."

Condominium values were also up from coast-to-coast in 2007, with all major markets reporting an increase in average price. Thirty-three per cent of cities surveyed reported double-digit price appreciation. The most dramatic hikes were seen in Western Canada's red-hot housing markets, led by Saskatoon (+24%), Calgary (+22%), Edmonton (+19%), Kelowna (+16% for town homes, +12% for apartments), Vancouver (+14% for town homes, +11% for apartments), and Victoria (+9% for town homes, +12% for apartments).

At the top end of the market, condominium ownership has been equated with lifestyle. Throughout 2007, aging baby boomers fuelled demand for luxury condominium units. Upper-end activity was reported to be on the rise in all markets examined, with the greatest appreciation occurring in Edmonton (+154%), Greater Toronto (+98%), Victoria (+85%), Winnipeg (+58%), Vancouver (+49%) and Kitchener-Waterloo (+39%). The maintenance-free factor, the ability to travel and to enjoy the best the city has to offer - from restaurants to recreation - were cited in overall condominium appeal.

"In years past, there seemed to be a ceiling in terms of what buyers were willing to pay for this type of product," says Polzler. "Widespread acceptance has seen that philosophy tossed out the window. In the upper-end especially, buyers have demonstrated a willingness to set new benchmarks, and in some cases, are spending more than what a detached home might cost. Multiple offers, once unheard of, have become a reality in some centres."

New benchmarks for the most expensive apartment-style condominium units ever sold through MLS have been reported in several cities in 2007, including Vancouver ($18 million), Calgary ($3.7 million), Edmonton ($2.3 million), Winnipeg ($1.25 million), and Kitchener-Waterloo ($670,000). Given solid demand through all price ranges, it comes as no surprise that
investors have been very active in the majority of markets surveyed, hoping to snap up a piece of the pie while demand remains at peak levels. Yet, with a growing number looking for a quick return on investment, swelling inventory levels have become a serious concern in several markets, most notably in Calgary and Edmonton, and to a much lesser extent, Kelowna.

"The impact of speculation, especially in Canada's largest condominium markets, has yet to be determined, but concerns for the future are relevant," says Ash. "In downtown Vancouver, an estimated 50 per cent of sales activity is attributed to investors, whereas as much as 60-85 per cent of new condominiums sales in Toronto's downtown core reportedly involved investors in 2007. This is a major factor that could influence prices in years to come."

For now, a number of market fundamentals point to increased growth in sales, prices and demand well into 2008. These include vibrant economies, Canada's aging population, rising prices, and higher levels of immigration, to name a few.

Read more about Price Trends

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website.

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

• Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
• On-Line Real Estate Newsletter sign up
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Housing Affordability and Home Sales Across Canada - RE/MAX 2007 Report

First-time buyer tenacity boosts home sales despite further erosion of affordability, says RE/MAX

Heated Spring real estate market forecast from coast-to-coast.
Higher housing values, tight inventory levels, and all-out bidding wars have yet to deter first-time buyers in their quest to realize homeownership in major Canadian centres this year, according to a report released today by RE/MAX.

Despite a decade of year-over-year price increases, compounded by challenging market conditions this year, entry-level buyers continue to be a driving force in real estate. Their undaunted enthusiasm is expected to translate into sales at or ahead of last year’s record levels in the Spring.

The RE/MAX Affordability Report, which highlights first-time buying activity and trends in 13 housing markets across the country, found that substantial price increases have had little impact on buyer intentions. The greatest year-over-year price appreciation occurred in Edmonton, Calgary, Saskatoon, and Kelowna, where averages rose 52, 29, 26, and 23 per cent respectively. Average price in the country’s most expensive market – Greater Vancouver – has jumped 11 per cent, topping the half million-dollar mark. While prices in these markets may now seem costly, entry-level product such as condominiums can start at half the average price.

Buyers are finding the means necessary to enter the market, even in the western provinces, where double-digit price gains have been reported and sales to listings ratios hover above the 80 per cent mark. Purchasers simply refuse to be priced out of the market, even though household income has not kept pace with housing appreciation. Something’s got to give -- and the trends identified in this report show it’s the how, what, where and when of the equation.

Case in point is the surge in condominium sales from coast-to-coast. Affordability and accessibility have made the condominium lifestyle a popular choice. Condominiums now represent just under one in every two sales in markets like Vancouver and Victoria. In Edmonton, Calgary, and the Greater Toronto Area, close to one in every three sales involve a condominium apartment or town home. In smaller markets like Saskatoon, Regina, and Winnipeg, condominiums are gaining momentum. Condominium sales represent approximately 12 per cent of total residential sales in Halifax-Dartmouth and Ottawa.

Low interest rates and solid economic performance in most major Canadian centres have also played a substantial role in providing purchasers with the confidence to go out and buy their first home. Yet, in some centers, there are other motivating factors at play. Price increases, for example, are a reality in the marketplace. One year can set you back – from location to house size – and your dollar just doesn’t have the same purchasing power.

Yet, buyers have found inventive ways to address that as well. Innovative financing has allowed a growing number of first-time buyers to enter the marketplace. With most prepared to up the ante to realize “the dream of homeownership”, unique new mortgage products with longer amortization periods are helping to make mortgage payments easier to carry.

The offloading of family wealth and inheritance are also factors influencing the up swell in home-buying activity. Some first-time buyers are digging into RRSPs and borrowing money from parents, while others are looking to offset carrying costs through in-law suites, now factored into debt service ratios by a growing number of lending institutions.

You may use this link to download and read the entire report



For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Up and coming Areas and Housing Types to watch - REMAX

Up-and-coming areas also provide ‘blue chip’ returns in 2006, says RE/MAX

Mississauga, ON (February 22, 2007) – While strong demand for single-detached homes in traditional blue-chip neighbourhoods pushed housing values higher, up-and-coming communities also experienced a solid return on investment in 2006, says RE/MAX.

Swansea, Roncesvalles, Parkdale (W01) lead the charge with the average price of a single-detached home rising 18.02 per cent ($544,196 to $642,269) in 2006. Offering older, character homes in close proximity to the sought-after area of High Park/Old Mill, the area has benefited enormously from the renovation boom of recent years. Blue-chip, central-core neighbourhoods such as Hoggs Hollow,York Mills, Bridle Path (C12), Lawrence Park (C10), and Bayview Village (C15) also saw significant price appreciation at 13.64 per cent ($1,238,030 to $1,406,909), 12.38 per cent ($963,813 to $1,083,108) and 12.24 per cent ($519,018 to $582,528) respectively. Rounding out the top five was Scarborough Bluffs (E08) at 10.95 per cent ($315,969 to $350,580), an area bordering on the coveted Beach community.

“There’s no question that the areas that have undergone considerable revitalization in recent years have seen serious upward pressure on housing values,” says Micheal Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “Affordability has played a major role as first-time buyers look to tired, older neighbourhoods in close proximity to the central core. The decision to invest their money in both their home and community is a trend that is expected to continue in 2007.”

Of the 62 Toronto Real Estate Board districts examined by RE/MAX, just under 10 per cent (six) experienced double-digit increases in the single-detached category in 2006. This time last year, approximately one in five districts reported a double-digit increase in the average price of a single-detached home—an indication that overall appreciation has slowed in the Greater Toronto Area. A number of factors have contributed to the slowdown, including an influx of new listings. As a result, most districts—including many of 2005’s top performers—report gains ranging from four to six per cent, which is in line with the GTA average of five per cent overall (for all types of residential properties).

“All boats rise and fall with the tide,” says Polzler. “However, blue chip neighbourhoods in the central core continue to hold their own – with three of the top six performing markets located within the city centre. The value of single-detached homes rose 7.5 per cent in the central core in 2006, with average price hovering at $816,938 at year-end (up from $759,906 one year earlier).”

In terms of condominium apartment and townhomes, three districts reported double-digit gains in average price (on par with last year’s figure). Leading in terms of percentage increase was Hoggs Hollow, York Mills, Bridle Path (C12), where the average price of a condominium climbed 21.78 per cent from $407,594 in 2005 to $496,350. Affordability played a significant role in Humber Heights, Kingsview Village, and Richview (W09) where condominium values rose 12.79 per cent, from $168,491 to $190,042 in 2006. In C02, Yorkville, Annex, Summerhill and South Hill, average price escalated 11.31 per cent from $444,582 to $492,861. Ranking fourth and fifth were the Queensway and Sunnylea (W07), where average price rose from $248,283 to $270,558 in 2006 and Lawrence Park (C10) where values jumped from $300,229 to $326,564 – an increase of 8.97 and 8.77 per cent respectively.

“New condominium construction continues unabated in key locations,” says Polzler. “In Yorkville, for example, we’ve seen a major shift to upscale multi-unit residential. In fact, some high-rise buildings specifically target luxury buyers, with prices starting at $1 million per unit. We expect demand for condominiums to be strong for years to come as both affluent baby boomers and out-of-town investors enter the marketplace.”

Condominiums within the central core also saw the greatest increase, with average price rising 5.9 per cent to $292,064, an increase of more than $15,000 over the 2005 figure. In total, seven districts reported a decrease in the average price of a condominium apartment or townhome, ranging from just under one per cent to close to six per cent, in 2006.
RE/MAX is Canada's leading real estate organization with over 16,880 sales associates situated throughout its more than 630 independently owned and operated offices across the country. The RE/MAX franchise network, now in its 33rd year of consecutive growth, is a global real estate system operating in over 63 countries. More than 6,740 independently owned offices engage 119,400 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management. For more information, visit: www.remax.ca

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Over 25 Years Many Home values see annual double-digit Increases: Re/Max

Residential real estate values in major Canadian markets post extraordinary gains over 25-year period, says RE/MAX

Mississauga, ON (January 24, 2007) – Residential housing values in virtually all major Canadian centres have posted significant gains since 1981, with almost half reporting double-digit appreciation annually, according to RE/MAX. Leading the charge is Barrie, Ontario with an exceptional 372 per cent increase in average price ($51,665 to $244,000) over the 25-year period.

Despite the cyclical nature of the business, an analysis of 17 housing markets across the country found that price appreciation topped 240 per cent in seven areas, including Barrie (372 per cent), St. Catharines (329 per cent), Hamilton-Burlington (325 per cent), Ottawa (297 per cent), Greater Toronto Area (290 per cent), Greater Vancouver Area and Halifax-Dartmouth (242 per cent increase). Victoria reported a 229 per cent increase, London experienced an upswing of 228 per cent, Calgary was up 227 per cent, and Kelowna rounded out the top 10 at 211 per cent.

“Conventional wisdom used to be that real estate was a relatively safe, long-term investment that typically appreciates at a rate of five per cent annually,” says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. “These statistics clearly tell a different tale. In the top ten markets, real estate values rose at least eight per cent or more on an annual basis. Even the worst performing market in the country experienced an increase of close to six per cent annually since 1981.”

Nationally, average price appreciated 264 per cent (11 per cent annually) in the 25-year period, rising from $76,021 to an estimated $277,000 in 2006. Although a number of factors contributed to the substantial upswing in values, perhaps the greatest influence was a 25 per cent increase in Canada’s population (which rose from 24,820,393 to a projected 1,021,251 in 2005).

“The results are nothing short of remarkable, given the economic volatility of the marketplace in the past 25-year period,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “This is especially true in recent years when serious external factors such as 9/11, SARS, and an outbreak of forest fires barely registered on housing activity. Any one of these disasters would have had a significant impact on real estate markets in the 1980s.”

Thanks to economic diversity, today’s housing markets are more insulated than in the past. Alberta’s pro-business stance, for example, has served to attract major corporations to the province in recent years. Saskatchewan’s economic base has shifted from agriculture to natural resources virtually overnight. In Ottawa, an economy once solely dependent on the one major employer in the area, the evolution of high-tech has played a substantial role in the overall health of the residential real estate market.

“Immigration has also bolstered residential home sales, particularly in Canada’s largest cities,” says Polzler. “Approximately 250,000 new Canadians arrive annually and we know from experience that many will buy a home within five years of immigrating. Job opportunities have also prompted in-migration across the country as purchasers from more rural communities seek employment in major metropolitan areas.”

Baby Boomers have also been a powerful force behind housing demand, explains Ash, particularly in the upper end where sales have surged in recent years. “Boomers have demonstrated their buying intentions through the purchase of primary residences, recreational and retirement properties and even in financially assisting their children—the next generation of home-buyers—thereby stimulating the first-time segment as well.”

RE/MAX is Canada’s leading real estate organization with over 16,880 sales associates situated throughout its more than 630 independently owned and operated offices across the country. The RE/MAX franchise network, now in its 33rd year of consecutive growth, is a global real estate system operating in over 63 countries. More than 6,740 independently owned offices engage 119,400 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management. For more information, visit: www.remax.ca



The graph below shows the average residential home price in the GTA from 1981 to 2007, the past 25 years! Click the image below to see the graph in a much larger version



For more information please contact A. Mark Argentino

A. Mark Argentino Associate Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS 905-828-3434
FAX 905-828-2829
E-MAIL mark@mississauga4sale.com
Website: Mississauga4Sale.com