Toronto Real Estate Board Resale activity April report for March 2011

This is the latest report from the Toronto Real Estate Board on resale activity for March 2011 Sales When comparing with the same month in 2010 the number of sales are lower by 11% and the prices are up 5% to $456,147 All the Best! Mark GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, April 5, 2011 -- Greater Toronto REALTORS(r) reported 9,262 transactions through the TorontoMLS(r) system in March 2011, representing the second best March result on record. The number

of transactions was 11 per cent lower than the record result reported in March 2010.

"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

"Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis. Median Price In March, the median price was $385,000, from the $370,000 recorded during March of 2010.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino P. Eng. Broker Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc. Providing Full-Time Professional Real Estate Services since 1987 BUS 905-828-3434 FAX 905-828-2829 CELL 416-520-1577 mark@mississauga4sale.com Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ? www.mississauga4sale.com/internet-evaluation.htm

* Power of Sales and Foreclosures www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

* If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up www.mississauga4sale.com/popupquestion.htm

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

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

LTTX (Land Transfer Tax) in Toronto and GTA Did You Know this?

LTT (Land Transfer Tax) Did You Know? This video from TREB will give you some insight into Land Transfer Tax when you purchase.

See my calculator for Land Transfer Tax here:
Land Transfer Tax Calculator







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., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

Latest outlook and comments by TD bank on Economic News - April 1, 2011

This article below is the latest outlook and comments by TD bank, Enjoy! Mark April 1, 2011

Data Release: U.S. job growth gaining momentum

* U.S. non-farm payrolls rose by 216K in March, slightly above market expectations for 190K. Private sector hiring expanded by 230K, also above consensus for 206K.

* Revisions were positive but relatively minor adding a net 7K to payrolls.

* Government payrolls continued to contract in March, declining by 14K, an improvement from the 34K drop in February, but marking the fifth straight month that government payrolls have subtracted from the total. The decline was entirely at the local government level, a trend that is likely to continue over the remainder of this year.

* Goods-producing employment rose by a respectable 31K and manufacturing by 17K. Private services-producing employment accelerated nicely, growing by 199K jobs in the month - its strongest post-recession pace to date.

* In what has now become a four month trend, the unemployment rate fell to 8.8% from 8.9% in February. Importantly, the decline was due to a relatively strong 291K job gain in household survey employment and came even as the labor force grew by 190K.

* The underemployment rate - including discouraged workers and part-time for economic reasons also declined for the fourth straight month to 15.7%, down from a peak of 17.0% in November.

Key Implications

* After a long winter, the U.S. labor market is showing real signs of a spring thaw. Private job creation in the first three months of 2011 marks the fastest pace the U.S. recovery has seen to date. This is the strongest signal yet that the U.S. recovery has entered a new phase of self-sustained private demand driven growth.

* Strength in the job market should alleviate some of the concerns raised by the slowdown observed in other economic indicators over the last several weeks and signs that economic growth in the first quarter of this year has decelerated from the 3.1% outturn of the previous quarter. With continued job growth, this should prove to be a temporary setback.

* While risks to the recovery remain, the majority of them are from sources external to the U.S. As long as the job market continues to participate in economic growth, the key domestic risk- namely the condition of the housing market - should follow suit with more meaningful mprovement. If these two pieces fall into place, the U.S. economy should prove resilient against the negative outside forces.

* With employment momentum picking up, the task for the Federal Reserve will turn increasingly to managing the exit strategy. While there's still a long way to go before normalcy in the job market, a continuation of numbers like today's will require a shift in attention towards the second item of the Fed's dual mandate - ensuring stable prices.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino P. Eng. Broker Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc. Providing Full-Time Professional Real Estate Services since 1987 BUS 905-828-3434 FAX 905-828-2829 CELL 416-520-1577 mark@mississauga4sale.com Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ? www.mississauga4sale.com/internet-evaluation.htm

* Power of Sales and Foreclosures www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

* If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up www.mississauga4sale.com/popupquestion.htm

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

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

Did you hear about the huge gas price increase in Ontario?!

Massive gas price increase overnight

by Sympatico.ca Staff

Brace yourself. Gas prices in Canada are set to shoot up dramatically tonight.

Gas is set to rise by an unprecedented 30 cents a litre, as world events drive prices up across the country.

Furnace oil and diesel are expected to follow suit, rising by 35 cents and 26 cents, respectively.

In light of the current global situation, Canadians are already feeling the pressure at the pump. And many have had enough.

"It's just ridiculous," says Matt Hennessey. "They can't honestly expect us to keep paying more whenever they decide to raise prices."

As bad as the situation sounds, experts worry things could quickly get much worse. Canadians could see everything from the cost of food to the cost of public transportation rise as a result.

"These prices may have been triggered by events beyond our control, but it's going to cause unrest in Canada," says Tom Schaefer, editor of The Petroleum Post. "I'm expecting protests, riots, and strongly worded letters to Parliament."

People in Canada, naturally, will look to the Tar Sands to help curb skyrocketing prices. Unfortunately, Canada lacks refinery capacity and is already at its peak for production.

"For now, people will just have to open up their wallets and pay these outrageous prices," says Schaefer. "I'm not happy about it either."

Click here to find out how much gas will cost in your city.

Good Luck!
Mark

Current mortgage rates for Toronto and the GTA

These are the posted and attainable rates for mortgages in the GTA, great time to buy! TERM POSTED Attainable RATES* 6 Month 4.45% 3.95% 1 Year 3.50% 2.70% 2 Year 3.75% 3.25% 3 Year 4.35% 3.30% 4 Year 4.99% 3.64% 5 Year 5.34% 3.74% 7 Year 6.14% 4.79% 10 Year 6.50% 4.99% Variable Rate 2.20% Prime Rate 3.00% * *Rates may vary provincially and are subject to change without notice OAC. Rates Last Updated: Thursday, March 31, 2011

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino P. Eng. Broker Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc. Providing Full-Time Professional Real Estate Services since 1987 BUS 905-828-3434 FAX 905-828-2829 CELL 416-520-1577 mark@mississauga4sale.com Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ? www.mississauga4sale.com/internet-evaluation.htm

* Power of Sales and Foreclosures www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

* If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up www.mississauga4sale.com/popupquestion.htm

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

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

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

Hello, I've written quite a bit about mortgage rates and believing that most people should choose short term variable on their mortage and the reasons why. I've just created another page outlining the differences between your mortgage term, mortgage amortization and how this results in your interest rate. Read more about mortgage term, mortgage amortization and your interest rate. I wish you all the best! Mark For more information please contact A. Mark Argentino A. Mark Argentino, Broker, P.Eng., Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc., Brokerage 2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1 BUS. 905-828-3434 FAX. 905-828-2829 E-MAIL: mark@mississauga4sale.com Website: Mississauga4Sale.com

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

This is another video from TREB (Toronto Real Estate Board) and it talks about HST and how it applies to the real estate transaction in the GTA and Toronto areas, enjoy! Mark For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

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

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

Thank you

M.

My answer was

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

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

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

Read more about mortgages at this page of my site:

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

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino P. Eng. Broker Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc. Providing Full-Time Professional Real Estate Services since 1987 BUS 905-828-3434 FAX 905-828-2829 CELL 416-520-1577 mark@mississauga4sale.com Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ? www.mississauga4sale.com/internet-evaluation.htm

* Power of Sales and Foreclosures www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

* If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up www.mississauga4sale.com/popupquestion.htm

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

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

GTA Toronto real estate market forcast for 2011 and 2012

This is the latest video from TREB that talks about the real estate market forcast for 2011 and 2012 in the GTA, Toronto and area, enjoy! Mark For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com

TREB MLS® Average Price Monthly Time Series with Trend Line Actual March 2011

Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the trend.


For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com