Current real estate market in the GTA, mortgage interest rates

Read my latest newsletter talking about the current real estate market in
the GTA, mortgage interest rates and more at this link:


http://www.mississauga4sale.com/newsletter/latest_newsletter.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

September real estate housing market in the GTA

This is the latest press release from TREB regarding the September real estate market in the GTA


GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, October 5, 2010 -- Greater Toronto REALTORS(r) reported 6,310 sales through the Multiple Listing Service(r) (MLS(r)) in September 2010.

This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 - up four per cent compared to the first three quarters of 2009.

"The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA," said Toronto Real Estate Board President Bill Johnston.

The average price for September transactions was $427,329- up five per cent compared to the average of $406,877 reported in September 2009. The average selling price through the first nine months of the year was $429,657.

"Resale homes in the GTA remain affordable," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability," continued Mercer.

"The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines. This is why the average home selling price has continued to grow."

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

REMAX Market Share in Mississauga for August 2010

The graphic below shows that REMAX holds the highest market share in the
Mississauga area for listings sold in the month of August

Clearly if you are thinking of selling your home in Mississauga, REMAX is
the company you should choose!

May I also point out that I have the premier top ranking site on
http://www.google.com/ for all of Mississauga. Try
searching the phrase Homes for Sale in Mississauga or any similar search
term and my site comes up number one. This means that you will receive huge
internet traffic on your listing. Read more about

http://www.mississauga4sale.com/Achieving-Number-One-On-Google.htm

how
this benefits you.

Have a great day!

Mark

RE: Graph - Average Price of Homes 1987 to Present

I received an email with good questions about the average price graphs and will post the question and my answer below.

Mark

_____

From: Ronald S.]
Sent: Wednesday, September 22, 2010 11:37 AM
To: mark@mississauga4sale.com
Subject: Graph - Average Price of Homes 1987 to Present

Hello Mark,

The information preceding the graph indicates that it relates to single family homes. Does that include condominiums? If so, is there a graph that excludes them? I understand that condominiums dropped more sharply than detached homes in the early 1990s, and it would be interesting to see that separately.

Regards,

Ron S.

Hello Ron,

Yes, single family includes condominiums, all housing types that are single family. See the housing types and breakdown for last month in the table below, as an example.

Let me see if I can find the data for the same period for only condominiums.

From what I have seen in the past, there will be no breakdown for only condos. Each area and district is broken down for each housing type, but it would be a monstrous task to go through each monthly issue for each year to gather the data for each area and then put them all together. I'll see what I can find out and get back to you if I find something.

Thank you for your comments and questions,
Mark

TREB west districts days on the market

this graph shows the TREB west districts days on the market and indicates
that compared to the last year it is taking slightly longer to sell a home
in the west districts of the GTA

Graph showing the TREB average prices over the past 10 years

This is a graph showing the TREB average prices over the past 10 years and
clearly indicates that prices have increased steadily for the past year
since 2000

Whether this trend continues or not is yet to be seen!
I hope this finds you Happy and Healthy!

All the Best!

Mark

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

TD Canada Trust Economic News comments

This is the latest news from TD Canada Trust

Provincial Retail Monitor

September 22, 2010

HIGHLIGHTS

* Canadian retail sales retreated by 0.1 per cent in July relative to a
month prior. This is in stark contrast with analyst expectations calling for
a M/M gain of 0.6 per cent.

July's performance comes on the heels of a slightly downwardly revised
growth of 0.0 per cent in June (from an initial estimate of 0.1 per cent).

* The weakness was not broad-based at the regional level, with 3 provinces,
namely British Columbia, Ontario and Nova Scotia, reporting declining sales.
The implementation

of the Harmonized Sales Tax (HST) in the former two provinces on July 1st
2010 as well as the 2 percentage point increase in the prevailing HST regime
in the latter province in

July served as major impediments to growth in retail sales.

* Nova Scotia recorded the largest decline at 5.3 per cent. This performance
follows the largest M/M gain recorded in June at 3.3 per cent. British
Columbia and Ontario

experienced M/M declines in sales of 0.4 and 0.3 per cent, respectively in
July.

* On the flipside, Canadian sales excluding British Columbia, Ontario and
Nova Scotia increased by 0.5 per cent. The most significant gain in sales
was observed in Manitoba

at 1.6 per cent, representing this province's third consecutive increase in
the indicator. Quebec experienced a gain in sales of 0.5 per cent after a
string of three consecutive

monthly decreases.

* Relative to July 2009, above-national gains in retail sales were recorded
in the provinces of British Columbia, Alberta and Manitoba. Sales gains in
British Columbia and Alberta come, however, on the heels of earlier
weakness. Sales remain 2.9 per cent and 8.6 per cent, respectively below the
level reached in September 2008 (i.e. the month during which retail sales
peaked at the national level).

* The regional concentration of retail sales declines suggests that HST
played an outsized role in this indicator's performance in July. Data for
provinces not impacted by the implementation or increase in the HST point a
better picture for retail sales at the onset of Q3.

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

Great letter of introduction and Information from a TD mortgage rep

I thought that this information was very detailed and showed that this
mortgage representative with Td Canada Trust was very thorough in their
approach to the business.

You may or may not agree.

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

Dear valued and prospective Customer,

I make every effort to provide my clients with qualified and up-to-date
financial advice. I believe that educating my clients throughout their
buying, selling, or re-financing experience helps them to not only make the
right decisions but to feel comfortable and secure in their financial
position. I also work directly with real estate professionals, builders, and
other centers of influence helping them serve their clients, and grow and
improve their businesses. I work with a number of professionals in various
areas of expertise that extend well beyond my direct specialization. Through
this, I am able to support my clients and business partners in connecting
them with the right and qualified people in different fields.

Buying a Home (First Home Buyers or Repeat Home Buyers) When yours client
thinking of buying a home, it's definitely worthwhile talking to a
professional Mortgage Specialist. TD Canada Trust is a leader in providing
competitive mortgage products along with exceptional service. This
combination of service and advice, together with my experience in the
financial services industry, allows your client to enjoy a comfortable
mortgage experience handled by a professional Mortgage Specialist.

As a Manager of Residential Mortgage in TD Bank, I can help your client to
understand how much mortgage he/she can control and to explore both
traditional and leading edge mortgage options that suit his/her individual
needs. We work with first time buyers and repeat buyers alike. If your
client finally found his/her dream home and are looking to obtain the
mortgage that's right for him/her, please talk to me before he/she move any
further.

Renewing his Mortgages he/she is looking to buy a house and willing to get a
mortgage, or he/she already have a house and looking to get home equity line
of credit, transfer his/her existing mortgage or refinance an existing
mortgage to consolidate his/her current debt, I can assist them in finding a
better mortgage solution to suit his/her needs and long-term financing
goals.

I believe when he/she try to renewing his mortgage, it's more than likely
that his/her current lending institution will offer them a rate that is NOT
the best for them. At this point he/she is in a strong bargaining position,
and by joining TD Bank he/she can obtain a rate and product that suits them
and his/her financial situation.

Refinancing Your Mortgage Refinancing, whether it be a relatively straight
forward refinance of his/her existing mortgage balance, or utilizing his/her
home equity for any other purpose desired, is a tactical decision and
usually the best one for them. I can work with them to see if I can help
lower his/her monthly payments, consolidate his/her current debt, and
arrange money for renovations. To find out more ways to get the most out of
his/her home's value or help pay his/her existing debts or just want a lower
monthly payment of his/her current mortgage, talk to me & I will be more
than happy to assist them.

Obtaining a mortgage is one of the toughest decisions to make; my help and
advice will resolve his/her mortgage solutions. Whether he/she choose the TD
Canada Trust Home Equity Line of Credit or one of our innovative TD Mortgage
products, I can find the best financing option for them.

Please feel free to contact me to help your client make financial decisions
that he/she will not regret.

With best regards,

I thought that this was very good, you may wish to choose TD, if so, send
me an email and I'll put you in touch with a good rep.

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

TREB average prices month by month since January of 2009 to August of 2010

This chart shows the TREB average prices month by month since January of
2009 to August of 2010 and clearly shows that prices have increased
substantially over the past 20 months or so and that there is a cycle of
price increases throughout the year
I hope this finds you Happy and Healthy!

All the Best!

Mark

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

TREB West districts sales to active listings

this graph shows the TREB West districts sales to active listings and
indicates that about 38% of all active listings are currently selling, this
is down compared to the previous 12 months, indicating that our current GTA
west marketplace is softer compared to a year ago
I hope this finds you Happy and Healthy!

All the Best!

Mark

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