Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino

Thursday, March 24, 2011

Can you solve this mystery about which sign is correct?

How cool is this, a friend of mine sent me the image below
The caption read:
"This was taken in Calgary."

check it out, look where he says it's from, it's exactly the same sign as
the one below and the one below states that it's from
"On the Yellowhead Highway #16 in northern British Columbia"

...with all the exact wording below the gasoline prices

So someone in the one of the images has done a cut and paste job!

I'll believe the one from Esso in Canada before I believe the image from
Exxon form the US

I could be wrong, but it would be just like an American to take a Canadian
sign, cut and paste it onto an American Icon (EXXON) and take the credit....
the internet and people are amazing in how they manipulate things

Does anyone know for sure which one is the correct sign?

The other Joke here is that we in Toronto and most of Canada are paying just over $1.20 per litre of gasoline, whereas most of the USA is paying about $3.50 per USGallon, when you do the conversion we are paying about $4.54 per USGallon or converting the other way Americans are paying about 92.6 Cents/Litre - we are getting overcharged for gasoline in Canada!

If the price in the USA were $4.54 per gallon, US citizens would revolt!

The other point that I am trying to make is that we can't forget that what
we are viewing and reading could be dis-information or even worse, complete
fraud!

Be careful out there

All the best
Mark

March 2011 TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal Interest, Property Taxes, Utilities on the Avg

Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities for the average priced home in the GTA subject to the following assumptions:
1.Average annual or year-to-date home price as reported by TREB
2.20 per cent down payment
3.Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4.Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5.Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6.Average household income reported by the Census of Canada.

Toronto Real Estate Board (TREB) Average Prices and Graph

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

Wednesday, March 23, 2011

March 2011 TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Sales

Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.

Tuesday, March 22, 2011

GTA Home Sales Mid month report from the Toronto Real Estate Board

This is the mid-month report from the Toronto Real Estate Board for home sales in the GTA

Compared to first two weeks of March 2010 sales and new listings are down, but average prices are up by nearly 5%

GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, March 16, 2011 -- Greater Toronto REALTORS(r) reported 4,138 sales during the first two weeks of March 2011 - a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped - down by 15 per cent compared to the same period last year.

"A positive economic outlook for the Greater Toronto Area, including steady growth in jobs and incomes, has kept households confident in their ability to purchase and pay for a home over the long term," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average price for transactions during the first 14 days of March was $460,196, representing a 4.6 per cent increase compared to the first two weeks of March 2010.

"Market conditions are tighter compared to this time last year, resulting in more competition between buyers and sustained upward pressure on the average selling price. The annual rate of price growth is expected to range between three and five per cent in 2011," said Jason Mercer, TREB's Senior Manager of Market Analysis.

I hope this finds you Happy and Healthy!

All the Best!

Mark

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

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Monday, March 21, 2011

TREB MLS® New Listings Monthly Time Series with Trend Line Actual March 2011

Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. 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 new listings must occur to change the direction of the trend.

Friday, March 18, 2011

TREB MLS® Sales Monthly Time Series with Trend Line Actual

Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. 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 sales must occur to change the direction of the trend.

Thursday, March 17, 2011

TREB MLS® Average Resale Home Price Monthly with Three Previous Years for Comparison

Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

Wednesday, March 16, 2011

TREB MLS® Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Sales

TREB MLS® Sales-to-New Listings Ratio Monthly with Three Previous Years for Comparison

Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. When the SNLR moves higher, annual average price growth generally increases –often at a rate well above inflation. When the SNLR moves lower, annual average price growth generally declines and can become negative.