Friday, February 12, 2010
Comparison of Toronto versus GTA average January sales and prices
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
Thursday, February 11, 2010
in the GTA and clearly shows that both prices have been slowl
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
Wednesday, February 10, 2010
How does a real estate guru make money? They know the 3 little words!
In TV commercials, Tom Vu would lure people to come to his seminars by saying to them they will learn the 3 little words that will teach them to become millionaires, how could anyone resist such an offer and many people did go to his seminars. The three little words were, Don't Give Up! Quite true!
Even to this day there are many people that I run across that want to make fast money and easy money.
I love these two lines below, they are perfect and really sum up many people:
How does a real estate guru make money?
Answer: By taking it from chumps with illusions of making lots of easy money.
How does a poker player make money?
Answer: By taking it from chumps with illusions of making lots of easy money.
...so please, don't have the illusion of earning 'lots of easy money' it's just not there often enough and you will more often than not, lose all your money!
Try real estate for the long term, not short term, and you will profit.
Read more here:http://www.mississauga4sale.com/Lock-In-Short-Term-Long-Term-Mortgage.htm
Just like the stock market, when people make money in the stock market they buy low and sell high. When someone sells high, that means that someone has purchased high and will lose.
That sounds a lot like me and my dealings with the stock market, any stock I seem to buy ends up in the tank, two in particular that I have lost over $10,000 NO MORE, I am not buying any more stocks, only real estate and some RSP's in the markets in mutual funds, that's it! LOL
This is the site where the quote above came fromhttp://www.mymoneyblog.com/archives/2007/01/bikini-girls-waterfalls-90s-real
-estate-guru-tom-vu.html
All the best!
Mark
Monday, February 08, 2010
Mortgage renewal - lock in now or go short?
Hi,
I have been always checking your websites on pointers and I learned so much on it.
Now I would like to ask regarding mortgage. I am due for renewal of mortgage (oct) and cant decide what to do so Im seeking your wisdom,
I have 100,000 left from my mortgage. and now being offered by my current bank to take 2.65% for a year. If I keep the same payment, my banker said I can finish it off in 6 to 7 years.
What I used before is paying a biweekly 650.00 but each month I paid a lumpsump of at least 500.
Now on my renewal, is it best to do the same thing again? Or I can save more if upfront, I decrease my mortgage length instead by paying making my biweekly payment of 900?
Please advise.
Thanks
Rose
Saturday, February 06, 2010
5-year Fixed mortgage rate as low as 3.53%
Toronto, Mississauga and GTA.
Good news,
Special 5-year fixed rate has dropped to 3.53%. Fully qualified quick
closing deal only (within 30 days).
Also variable rate P-0.40% (1.85%) with term around 2.5 years still
available. But it might ends soon.
To take advantage send me an email and I'll put you in touch with my
mortgage broker.
All the best,
Mark
Friday, February 05, 2010
Toronto and Mississauga Real Estate Market January 2010 is a far cry from January 2009
Average prices are up considerably when you compare January 2010 to January of 2009, but the period from October 2008 to January 2009 was dismal.
In fact January of 2009 was the bottom of the slump in our market, the outlook for real estate was dismal. One year later and the outlook is incredibly different, you won't find many people who are not optimistic on real estate in Mississauga and Toronto for 2010
All the best,
Mark
Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010.
This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years
preceding 2009.
“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour.
“Increasingly confident consumers moved to take advantage of affordable home ownership.”
The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.
“Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,” said Jason
Mercer, TREB’s Senior Manager of Market Analysis. “The rate of sales and price growth will be lower
Thursday, February 04, 2010
Strong start to 2010 Residential Real Estate in Toronto and Mississauga
All the best!
Mark
GTA REALTORS® REPORT JANUARY RESALE HOUSING MARKET FIGURES
TORONTO, February 3, 2010 -- Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large
increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough.
Last month’s sales were slightly higher than the January average in the five years preceding 2009.
“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour.
“Increasingly confident consumers moved to take advantage of affordable home ownership.”
The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.
“Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of
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
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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How to find Tax Sale Properties in your Municipality
Wednesday, February 03, 2010
Why does maintenance fee show $0 for many power of sale properties?
Thanks for your daily information and sure helps...I have a question for you some of the listing says $0 maintenance fees what does that really mean? Is it that the POS includes the maintenance fees for one year?
Thank you for your real estate inquiry.
The maintenance fee shows $0 because the bank does not want to take any responsibility for any oversight or underestimate of the fee, so they put $0.We/You have to find out from us what the average is for that type of unit.
When you submit your offer, we will receive a status certificate that shows the exact fee for that particular unit.
Mark
Monday, February 01, 2010
$1500 extra taxes due to HST in real estate transactions in Toronto and Mississauga
The HST effectively combines the 8% Provincial Sales Tax (PST) and the 5%
Federal Goods and Services Tax (GST) for a combined 13% sales tax rate known
as the Harmonized Sales Tax (HST).
The HST will apply to a number of goods and services that are currently
exempt.
For housing in Ontario, the HST will add 8% more tax on any services related
to real estate transactions, such as real estate commissions, legal fees,
home inspections and moving costs.
It is estimated by OREA that the HST will add about $1500 in additional
taxes to the cost of the average residential real estate transaction.
It is expected that there will be a surge in sales this spring to avoid the
HST that becomes law on July 1st.
All the best!
Mark