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

Monday, July 13, 2009

REMAX reports residential real estate is now in recovery mode

This is what REMAX Ontario Atlantic reported about the real estate market in Ontario and Canada, all good news!
Mark

Mississauga, ON. (July 13, 2009) - Pent-up demand for residential housing has bolstered sales in Canada's major markets-a clear signal that the housing sector has shifted into recovery mode, says RE/MAX.

More balanced market conditions have emerged, effectively ending the stronghold that buyers had on the market over the past six to eight months. Canada's largest markets, Toronto and Vancouver, led the charge-with June sales among the highest in history for both local real estate boards. Close to 11,000 properties changed hands in Toronto, up 27 per cent over one year ago, setting a new record for sales in the month of June. The figure was just slightly off the all-time peak of 11,146 units. Residential sales in Greater Vancouver increased 75.6 per cent over one year ago, to 4,259 units, just short of the record breaking 4,333 sales, which occurred in June 2005. Overall, major markets began to recover in March, posting escalating sales in April, May and June. The impetus is expected to continue throughout the remainder of 2009, with most centres now forecasting year-end sales on par or ahead of 2008 levels.

"The strength of the market, amid the most significant global recession in recent history once again underscores its relevance to the nation's economic engine," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. Canadians believe in homeownership -- a fact best illustrated by the purchasers who ventured forward in recent months and snapped up some of the best real estate deals this market has seen in years. Those who chose to sit it out on the sidelines are now facing a market in transition, characterized by the threat of rising interest rates, low inventory levels, and upward pressure on housing values."

I hope this finds you Happy and Healthy!

All the Best!

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
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Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
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Would you like me to send you a 2009 Calendar?

Saturday, July 11, 2009

RBC reports that Ontario's economy and real estate market improving

RBC reports that Ontario's economy is no longer in a negative period and
average prices have started to rise again

Ontario - Not so bleak anymore

Although persisting economic uncertainty is still hampering many Ontario's
communities, recent developments have provided encouraging signs that the
province's housing market, overall, has seen the worst of the cyclical
correction.

Spring resale figures have shown a surprising gush of activity in the
province, retracing much of the sharp declines during the fall and early
winter. Average prices for existing homes have started to rise again in
recent months, climbing back to where they were mid 2008. Much of this
resurgence in the overall Ontario market is owed to greater affordability
following a year-long period of repair.

By the first quarter of this year, some of RBC's affordability measures
(e.g., for detached bungalows and condominiums) had even dropped below
long-term averages. Nonetheless, for some of the hard hit areas of the
province, such as Windsor, St. Catharines and London the healing process
might be long and difficult.

I hope this finds you Happy and Healthy!

All the Best!

Mark

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

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Friday, July 10, 2009

RBC reports on Toronto market has showng improvement

I hope this finds you Happy and Healthy!

All the Best!

Mark

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

Toronto - Market rally brings relief

With further sizable declines in the first quarter - ranging from 3.9 to 7.0
percentage

points - RBC's affordability measures for the Toronto area have now been
restored

to historical averages for all housing types. This has opened the door more
widely

to new buyers and set the stage for a resale market rally this spring.
Following a

worrisome drop to a 10-year low during the fall and early winter, resale
activity has

since bounced back vigorously and even slightly exceeded the year-earlier
pace in

May for the first time since the end of 2007. Further, there has also been
evidence

recently that prices are moving up again. While it is still too early to
wave the "all

clear" sign - economic uncertainty has yet to dissipate in the region - it
appears

that Toronto's housing market is averting the painful crash scenarios that
some

had feared.

Thursday, July 09, 2009

Search all major areas of Mississauga with easy to use forms

Hello,

I've added many pages to my site recently that will assist you when you are buying a home in a particular area of Mississauga Ontario

All you have to do is browse to the area you are interested below and fill in the form and I will automatically send you new listings in your area as they come on the market.

This valuable service is free and there is no obligation on your part.

Just another value added benefit when you buy or sell with Mark Argentino...

Enjoy!
Mark

These are the major districts in Mississauga that I currently have forms:

Tuesday, July 07, 2009

Average price is over $400,000 in the GTA for first time ever!

For the first time in the history of the Toronto Real Estate Board, the average single family dwelling selling price for the month of July 2009 was over $400,000 and the actual figure was $403,972

Read more:

http://www.mississauga4sale.com/TREBprice.htm

Toronto and Mississauga Real Estate Prices and sales volumes are up!

This is the report from TREB (Toronto Real Estate Board) detailing the results from June in Toronto and Mississauga Real Estate. Prices and volumes are up!

TORONTO, July 6, 2009 - - In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.(1)

"The record result in June is testament to the fundamentally sound housing market in the GTA," said the Toronto Real Estate Board’s newly appointed President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market."

The average price for June transactions was $403,972 – up by two per cent compared to the same month last year. "The re-emergence of seller’s market conditions has exerted upward pressure on home prices," explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing."

I hope this finds you Happy and Healthy!

All the Best!

Mark

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
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
See seasonal housing patterns
Would you like me to send you a 2009 Calendar?

Thursday, July 02, 2009

Mortgage interest rate update in the GTA and Mississauga

The table below shows the current posted and best achievable rates in
Mississauga Real Estate and Toronto real estate marketplace

All the best!
Mark

TERM POSTED BEST Achievable RATES*
6 Month 4.60% 3.75%
1 Year 3.75% 2.75%
2 Year 4.05% 2.95%
3 Year 4.65% 3.55%
4 Year 5.14% 4.09%
5 Year 5.85% 4.22%
7 Year 6.80% 5.45%
10 Year 6.90% 5.50%
Variable Rate 2.65%
Prime Rate 2.25%

* Rates may vary and are subject to change without notice OAC.
Rates Last Updated: Thursday, July 02, 2009

I hope this finds you Happy and Healthy!

All the Best!

Mark

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

Wednesday, July 01, 2009

Happy Birthday Canada!

Today is Canada's Birthday celebrating 142 years since Confederation.

I have a client from Buffalo who is an American and they sent me a Happy Birthday note along with an image, showing that how close we are as countries.

Toronto Real Estate Board (TREB) Average Prices and Graph

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

Power of Sales and Bank Foreclosure Question

I had a question from a reader and thought I would share my answer:

Question: My understanding is that the bank must list the property for what is owed,
including any seconds and thirds. Is this true?

Answer: The mortgagee processing the POS is under no obligation and owes no duty to
subsequent mortgagees. This is why you will occasionally see a 2nd or 3rd
mortgagee bring the first mortgage into good standing and stall or stop the
POS to protect their interests.

I hope this finds you Happy and Healthy!

All the Best!

Mark

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

Saturday, June 27, 2009

The Power of Persistence as learned from Rocky Balboa

I thought that this was pretty good advice so I will share it with you. Although Rocky is a little corny, there were some great scenes and lines from the movie that have to motivate you. Geez, I remember jogging all around the McMaster campus after Rocky was released with grey sweats and a white towel stuffed into the collar, just like Rocky! LOL

Enjoy

Mark

This was passed along to me this morning

After years of extensive study into the key determining success factors of self made millionaires, Brian Tracy concluded that amongst the most important were the twin characteristics of persistence and determination.He quotes, “Persistence is to the character of man as carbon is to steel. The quality of persistence is the absolutely indispensable quality that goes hand in hand with all great success in life. The courage to persist in the face of adversity and disappointment is the one quality that more than anything, will guarantee your success.”

As we all know, the one thing that is inevitable in our lives is the recurring crisis. If you are living a busy life, it is highly likely you will have a crisis of some kind every few months. In between these unavoidable crises will be a continuous succession of problems and difficulties. And the more things that you attempt, the bigger your goals, the more determined you are to become successful in your life the more problems and crises you will experience.

The good news however is that you can control is how you respond to those difficulties and setbacks, and your greatest personal asset can be your willingness to stay at it longer than anyone else.

Now although it is easy to grasp this intellectually, and rationally, it is another thing altogether to live this mantra or creed on an emotional level, when we are in the midst of crisis, or when we feel at our most vulnerable. This is where it can be useful to have an analogy to draw on - something which inspires and motivates us in times of difficulty.

Perhaps one of the best and most stirring analogies I have seen In this context comes from the 2006 movie, Rocky Balboa starring Sylvester Stallone. In one particular scene he is dispensing the above advice to his son, only in his own inimitable style of course! He says,

“Then the time came for you to be your own man and take on the world, and you did. But somewhere along the line, you changed. You stopped being you. You let people stick a finger in your face and tell you you’re no good. And when things got hard, you started looking for someone to blame.”

“Let me tell you something you already know; the world ain’t all sunshine and rainbows. It’s a very mean and nasty place, and I don’t care how tough you are, it will beat you to your knees and keep you there if you let it. You, me, or nobody is gonna hit as hard as life.”

“But it ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward - how much you can take and keep moving forward. That’s how winning is done! You gotta be willing to take the hits and not point fingers, saying you ain’t where you wanna be because of him or her or anybody! Cowards do that, and that’s not you!”

Click on the link to watch this scene from the film…

click here

I hope this finds you Happy and Healthy!

All the Best!

Mark

Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
Power of Sales and Foreclosures
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
See seasonal housing patterns
Would you like me to send you a 2009 Calendar?

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

Monday, July 13, 2009

REMAX reports residential real estate is now in recovery mode

Saturday, July 11, 2009

RBC reports that Ontario's economy and real estate market improving

Friday, July 10, 2009

RBC reports on Toronto market has showng improvement

Thursday, July 09, 2009

Search all major areas of Mississauga with easy to use forms

Tuesday, July 07, 2009

Average price is over $400,000 in the GTA for first time ever!

Toronto and Mississauga Real Estate Prices and sales volumes are up!

Thursday, July 02, 2009

Mortgage interest rate update in the GTA and Mississauga

Wednesday, July 01, 2009

Happy Birthday Canada!

Power of Sales and Bank Foreclosure Question

Saturday, June 27, 2009

The Power of Persistence as learned from Rocky Balboa

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