This is a very good article and puts things into perspective - it's very true and inspirational!
This was a re-tweet that I just read and copied here for you to read and
enjoy!
To your success!
Mark
So here is the article.....
"A professor stood before his philosophy class and had some items in front
of him. When the class began, he wordlessly picked up a very large and empty
mayonnaise jar and proceeded to fill it with golf balls. He then asked the
students if the jar was full. They agreed that it was.
The professor then picked up a box of pebbles and poured them into the jar.
He shook the jar lightly. The pebbles rolled into the open areas between the
golf balls. He then asked the students again if the jar was full. They
agreed it was.
The professor next picked up a box of sand and poured it into the jar. Of
course, the sand filled up everything else. He asked once more if the jar
was full.. The students responded with a unanimous 'yes.'
The professor then produced two Beers from under the table and poured the
entire contents into the jar effectively filling the empty space between the
sand.The students laughed..
'Now,' said the professor as the laughter subsided, 'I want you to recognize
that this jar represents your life. The golf balls are the important
things--your family, your children, your health, your friends and your
favorite passions--and if everything else was lost and only they remained,
your life would still be full. The pebbles are the other things that matter
like your job, your house and your car.. The sand is everything else--the
small stuff.
'If you put the sand into the jar first,' he continued, 'there is no room
for the pebbles or the golf balls. The same goes for life.
If you spend all your time and energy on the small stuff you will never have
room for the things that are important to you.
Pay attention to the things that are critical to your happiness.
Spend time with your children. Spend time with your parents. Visit with
grandparents. Take your spouse out to dinner. Play another 18. There will
always be time to clean the house and mow the lawn.
Take care of the golf balls first--the things that really matter. Set your
priorities. The rest is just sand.
One of the students raised her hand and inquired what the Beer represented.
The professor smiled and said, 'I'm glad you asked.'
'If you fill your life with only beer, you wont find room for anything
else.'
__________________
My son Evan read this and responded to me and said "
The fortunate part is that you can definitely empty out
the jar and fill it again in a different way."
.... and I never thought of this, but it's so true, you can start over at anytime in your life with new goals and aspirations, love it!
Have a great day!
Mark
Tuesday, January 21, 2014
Monday, January 20, 2014
Mid January 2014 sales figures report from the Toronto Real Estate Board
to sales figures
In summary:
* transactions for first two weeks of 2014 are down approximately 8% compared to first two weeks of 2013
* new listings were down about 20%
* average selling price was up by about 12% compared to same period 1 year ago
See full report and statistics below.
Mark
GTA REALTORS(r) RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO, January 17, 2014 -
Greater Toronto Area REALTORS(r) reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013.
New listings entered into the system were down by a greater 20 per cent year-over-year.
"The expectation is that home sales through the TorontoMLS System will be up in 2014. This is because the cost of purchasing an average priced home, including mortgage payments, property taxes and utilities, will remain affordable for a household earning the average income in the GTA," said Toronto Real Estate Board President Dianne Usher.
"Aside from the fact that January sales from year-to-year tend to be volatile, the dip in sales during the first two weeks in January was likely due in large part to a lack of new listings. Quite simply, some would be home buyers could not find a home that met their needs," continued Ms. Usher.
The average selling price for the first 14 days of January 2014 was $515,990 - up by 12 per cent compared to the average price reported for the same timeframe in 2013.
"The average selling price in the GTA will continue to trend upward in 2014.
Listings will remain below the pre-recession peak and sales are expected to increase over 2013. This means that we will continue to see substantial competition between buyers for some home types and in some areas of the GTA," 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
* 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
Monday, January 06, 2014
TREB Real Estate Report for 2013 Final Figures
Below is the latest release of figures for December 2013 and finalizes the
figures for averages for 2013
Our market was off to a slow start last year due to an uneasy economic outlook and the fiscal cliff drama in the USA.
We recovered from the slow start and 2013 ended up being a good year for sales and prices in the GTA.
See more at this page about average prices and read the press release below.
Thanks!
Mark
GTA REALTORS(r) Report Monthly Resale Housing Market Figures
TORONTO, January 6, 2014 - Greater Toronto Area REALTORS(r) reported 4,078 residential transactions through the TorontoMLS system in December 2013 - up by almost 14 per cent compared to 3,582 sales reported in December 2012. New listings entered into the TorontoMLS system were down by almost four per cent over the same period.
Total sales for calendar year 2013, at 87,111, were up by approximately two per cent compared to 85,496 transactions in calendar year 2012.
"After a slow start to the year, sales growth accelerated to a brisk pace in the second half of 2013. Despite the inclement weather in December, we finished the year with a respectable gain in transactions compared to 2012.
Looking forward, I believe that home ownership in the GTA will remain affordable as borrowing costs stay low. The result could be a further increase in sales in 2014," said Toronto Real Estate Board President Dianne Usher.
"The average selling price will be up again in 2014 and by more than the rate of inflation. The seller's market conditions that drove price growth in the second half of 2013 will remain in place in many parts of the GTA. Some neighbourhoods, especially those characterized by low-rise home types like singles, semis and townhomes, will continue to have less than two months of inventory," said Jason Mercer, TREB's Senior Manager of Market Analysis.
The average selling price for December 2013 sales was $520,398 - up by 8.9 per cent compared to the average of $477,756 in December 2012.
The average selling price for 2013 as a whole was $523,036, which represented an increase of 5.2 per cent compared to the calendar year 2012 average of $497,130.
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
Our market was off to a slow start last year due to an uneasy economic outlook and the fiscal cliff drama in the USA.
We recovered from the slow start and 2013 ended up being a good year for sales and prices in the GTA.
See more at this page about average prices and read the press release below.
Thanks!
Mark
GTA REALTORS(r) Report Monthly Resale Housing Market Figures
TORONTO, January 6, 2014 - Greater Toronto Area REALTORS(r) reported 4,078 residential transactions through the TorontoMLS system in December 2013 - up by almost 14 per cent compared to 3,582 sales reported in December 2012. New listings entered into the TorontoMLS system were down by almost four per cent over the same period.
Total sales for calendar year 2013, at 87,111, were up by approximately two per cent compared to 85,496 transactions in calendar year 2012.
"After a slow start to the year, sales growth accelerated to a brisk pace in the second half of 2013. Despite the inclement weather in December, we finished the year with a respectable gain in transactions compared to 2012.
Looking forward, I believe that home ownership in the GTA will remain affordable as borrowing costs stay low. The result could be a further increase in sales in 2014," said Toronto Real Estate Board President Dianne Usher.
"The average selling price will be up again in 2014 and by more than the rate of inflation. The seller's market conditions that drove price growth in the second half of 2013 will remain in place in many parts of the GTA. Some neighbourhoods, especially those characterized by low-rise home types like singles, semis and townhomes, will continue to have less than two months of inventory," said Jason Mercer, TREB's Senior Manager of Market Analysis.
The average selling price for December 2013 sales was $520,398 - up by 8.9 per cent compared to the average of $477,756 in December 2012.
The average selling price for 2013 as a whole was $523,036, which represented an increase of 5.2 per cent compared to the calendar year 2012 average of $497,130.
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
House Price Trends in Mississauga and Toronto GTA
Hello from beautiful Mississauga!
House prices will very likely increase in the next 12 months. All things being equal and similar to previous years in real estate, the market should increase between March and June by about 3% to 7%
You can see the seasonal increases at this link:
http://www.mississauga4sale.com/TREBavg1995date.htm
We expect this spring market to increase by about the same as previous year increases.
We do not see mortgage interest rates increasing for at least a year, maybe another 18 months, the mortgage market is soft and the economy would not be able to absorb a sudden increase in rates.
I don't think you should ever delay your house purchase decision, unless you have a very good reason to do so. The sooner you get into the real estate market, the more money you will be putting towards your mortgage principal and paying down your mortgage, you will be increasing your equity and the less money you will waste spending on rent.
Benefits to home ownership:
http://www.mississauga4sale.com/psychology-ownership.htm
I hope this helps.
Please let me know if you have any other questions or require further information.
Thank you,
Mark
House prices will very likely increase in the next 12 months. All things being equal and similar to previous years in real estate, the market should increase between March and June by about 3% to 7%
You can see the seasonal increases at this link:
http://www.mississauga4sale.com/TREBavg1995date.htm
We expect this spring market to increase by about the same as previous year increases.
We do not see mortgage interest rates increasing for at least a year, maybe another 18 months, the mortgage market is soft and the economy would not be able to absorb a sudden increase in rates.
I don't think you should ever delay your house purchase decision, unless you have a very good reason to do so. The sooner you get into the real estate market, the more money you will be putting towards your mortgage principal and paying down your mortgage, you will be increasing your equity and the less money you will waste spending on rent.
Benefits to home ownership:
http://www.mississauga4sale.com/psychology-ownership.htm
I hope this helps.
Please let me know if you have any other questions or require further information.
Thank you,
Mark
Saturday, January 04, 2014
Toronto Mississauga and GTA Real Estate Market in 2014
This is what we are anticipating and what I'm seeing for the real estate
market in 2014
The December results are not out yet, but many are speculating it was a 'normal' December, the slowest month of the year, but typical. January 2014 (now) is not beginning with a boom, but it could also be the ice cold temperatures - we are all hoping for some improvement in the weather and the real estate market in the coming weeks and look for February to be one of the strongest months of the year to sell!
Our fall market did not perform as well as everyone expected. TREB and many financial people are predicting that prices will rise again in 2014, anywhere from 3 to 6% - only time will tell on this.
See a graph of how the market performs throughout the year, up in spring, down in summer, up in fall, down in winter, but always on the upslope:
http://www.mississauga4sale.com/TREBavg1995date.htm
See this graph on how steep the increase has been of late:
http://www.mississauga4sale.com/TREBprice.htm#graph
or just the graph:
http://www.mississauga4sale.com/avgprices.JPG
We anticipate that late January into February will be a very good time to sell as there will be low supply and higher demand, this should work well for sellers.
We will be working feverishly to market and promote your property as best as we can to take advantage of the marketplace and get it sold at the best price and terms possible.
Please let me know if you have any other questions or if there is anything else I can help you with.
Thank you,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
Prices <http://www.mississauga4sale.com/TREBprice.htm> | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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%20Real%20Estate%20Info
rmation%20Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* 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
<http://www.mississauga4sale.com/popupquestion.htm>
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
The December results are not out yet, but many are speculating it was a 'normal' December, the slowest month of the year, but typical. January 2014 (now) is not beginning with a boom, but it could also be the ice cold temperatures - we are all hoping for some improvement in the weather and the real estate market in the coming weeks and look for February to be one of the strongest months of the year to sell!
Our fall market did not perform as well as everyone expected. TREB and many financial people are predicting that prices will rise again in 2014, anywhere from 3 to 6% - only time will tell on this.
See a graph of how the market performs throughout the year, up in spring, down in summer, up in fall, down in winter, but always on the upslope:
http://www.mississauga4sale.com/TREBavg1995date.htm
See this graph on how steep the increase has been of late:
http://www.mississauga4sale.com/TREBprice.htm#graph
or just the graph:
http://www.mississauga4sale.com/avgprices.JPG
We anticipate that late January into February will be a very good time to sell as there will be low supply and higher demand, this should work well for sellers.
We will be working feverishly to market and promote your property as best as we can to take advantage of the marketplace and get it sold at the best price and terms possible.
Please let me know if you have any other questions or if there is anything else I can help you with.
Thank you,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
<http://www.mississauga4sale.com/selling-process.htm> Thinking of Selling?
| Best Mortgage Rates
<http://www.mississauga4sale.com/mortgage-rates-mark.htm> | Current Home
Prices <http://www.mississauga4sale.com/TREBprice.htm> | Search MLS
<http://www.mississauga4sale.com/mls-ca-real-estate-mississauga.htm> |
Newsletter
<http://www.mississauga4sale.com/newsletter/latest_newsletter.htm>
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
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request> : mark@mississauga4sale.com
<mailto:mark@mississauga4sale.com?subject=Mississauga%20Real%20Estate%20Info
rmation%20Request>
Website <http://www.mississauga4sale.com/index.htm> :
<http://www.mississauga4sale.com/index.htm> Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary
<http://www.mississauga4sale.com/internet-evaluation.htm> & Quick
Over-The-Net Home Evaluation ?
* 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
<http://www.mississauga4sale.com/popupquestion.htm>
* See seasonal housing patterns
<http://www.mississauga4sale.com/TREBavg1995date.htm>
Tuesday, December 17, 2013
ADU Accessory Dwelling Units in Mississauga
As they have said on council, there will surely be some issues with regards to the implementation of Accessory second units,
to read the full report on the ADU's in Misissauga, click this link (pdf)
The City of Mississauga licencing by-law that will legalize second units will come into effect soon. .If approved, the bylaw will set licensing fees and other requirements, such as inspections and proof of insurance, for owners who want to rent second units.
You can read more at mississauga.ca/housingchoices for updates and more information.
Thanks!
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
Monday, December 16, 2013
Basement Apartments in Mississauga ADU's will be legally licensed starting January 1, 2014
Basement Apartments will be legal in Mississauga shortly.
Secondary Units Licensing Program Bylaw Effective January 1, 2014
City Council approved a bylaw on September 18 to license second units in Mississauga. The bylaw will be effective on January 1, 2014~ Ontario laws now require municipalities to allow second units in homes. These units are also known as basement apartments, in-law suites and secondary units .
Starting January 15t,a City licence is required for second unit in Mississauga to be legal. A unit will only be licensed if it complies with Official Plan zoning regulations, as well as Ontario fire and building code requirements.
The City held public meetings in 2012 to gather the public's thoughts and ideas about how second units should be permit them in Mississauga.
Comments were also received by email and through an online survey. A statutory public meeting required by the Planning Act was held in early 2013.
The City's Second Unit Implementation Strategy is part of Housing Choices: Mississauga's Affordable Housing Stragey. The City's goals for legalizing second units included ensuring safety, preserving neighbourhood character and maintaining public services.
See the article below too.
Read more at mississauga.ca
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
Housing Choices -- Second Unit Information
Recent changes to provincial legislation require all municipalities in
Ontario to permit second units.
Second units are self-contained units in single-family homes. They are often
called basement apartments or in-law suites.
Second units can expand housing opportunities within established communities
and provide much needed safe, healthy, housing choices. They can offer
accommodation for people with affordability issues such as youth, older
adults and new immigrants. They can also provide additional income for young
couples looking to buy their first home or older adults wanting to stay in
their neighbourhood
Secondary Units Licensing Program Bylaw Effective January 1, 2014
City Council approved a bylaw on September 18 to license second units in Mississauga. The bylaw will be effective on January 1, 2014~ Ontario laws now require municipalities to allow second units in homes. These units are also known as basement apartments, in-law suites and secondary units .
Starting January 15t,a City licence is required for second unit in Mississauga to be legal. A unit will only be licensed if it complies with Official Plan zoning regulations, as well as Ontario fire and building code requirements.
The City held public meetings in 2012 to gather the public's thoughts and ideas about how second units should be permit them in Mississauga.
Comments were also received by email and through an online survey. A statutory public meeting required by the Planning Act was held in early 2013.
The City's Second Unit Implementation Strategy is part of Housing Choices: Mississauga's Affordable Housing Stragey. The City's goals for legalizing second units included ensuring safety, preserving neighbourhood character and maintaining public services.
See the article below too.
Read more at mississauga.ca
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
Housing Choices -- Second Unit Information
Recent changes to provincial legislation require all municipalities in
Ontario to permit second units.
Second units are self-contained units in single-family homes. They are often
called basement apartments or in-law suites.
Second units can expand housing opportunities within established communities
and provide much needed safe, healthy, housing choices. They can offer
accommodation for people with affordability issues such as youth, older
adults and new immigrants. They can also provide additional income for young
couples looking to buy their first home or older adults wanting to stay in
their neighbourhood
Wednesday, December 04, 2013
Bank of Canada Rate Announcement Decmeber 4 2013 no change in rate
Bank of Canada has decided to not change the bank rate
Once again, the Bank of Canada is leaving it's key lending rate at 1% which means that we consumers have a base of 3% for our Bank Prime lending rate. This has remained unchanged for over 3 years now, unprecendented in the history of the Bank of Canada to leave the rate unchanged for such a long period of time.
See historic interest rate graph at this link
The Bank of Canada said, "
The global economy is expanding at a modest rate, as the Bank expected. Although growth in several emerging markets has continued to ease, growth in the United States during the third quarter of 2013 was stronger than forecast. Even if some of this pickup was due to temporary factors, the data are consistent with the Bank’s view of gathering momentum in the U.S. economy.
In Canada, underlying growth is broadly in line with the Bank’s projections in its October and July Monetary Policy Reports. Real GDP growth in the third quarter, at 2.7 per cent, was stronger than the Bank was projecting, but its composition does not yet indicate a rebalancing towards exports and investment. The housing sector has been stronger than expected but is consistent with updated demographic data and a pulling forward of home purchases in light of favourable financing conditions. The Bank continues to expect a soft landing in the housing market. Non-commodity exports continue to disappoint and the price of oil produced in Canada has eased further. Business investment spending is up from previous low levels, but is still recovering more slowly than anticipated. On balance, the Bank sees no reason to adjust its expectation of a gradual return to full production capacity around the end of 2015"
Read more from the Bank of Canada
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
Once again, the Bank of Canada is leaving it's key lending rate at 1% which means that we consumers have a base of 3% for our Bank Prime lending rate. This has remained unchanged for over 3 years now, unprecendented in the history of the Bank of Canada to leave the rate unchanged for such a long period of time.
See historic interest rate graph at this link
The Bank of Canada said, "
The global economy is expanding at a modest rate, as the Bank expected. Although growth in several emerging markets has continued to ease, growth in the United States during the third quarter of 2013 was stronger than forecast. Even if some of this pickup was due to temporary factors, the data are consistent with the Bank’s view of gathering momentum in the U.S. economy.
In Canada, underlying growth is broadly in line with the Bank’s projections in its October and July Monetary Policy Reports. Real GDP growth in the third quarter, at 2.7 per cent, was stronger than the Bank was projecting, but its composition does not yet indicate a rebalancing towards exports and investment. The housing sector has been stronger than expected but is consistent with updated demographic data and a pulling forward of home purchases in light of favourable financing conditions. The Bank continues to expect a soft landing in the housing market. Non-commodity exports continue to disappoint and the price of oil produced in Canada has eased further. Business investment spending is up from previous low levels, but is still recovering more slowly than anticipated. On balance, the Bank sees no reason to adjust its expectation of a gradual return to full production capacity around the end of 2015"
Read more from the Bank of Canada
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
Saturday, November 30, 2013
Bank of Canada Interest Rate - latest announcement
As of November 30, 2013 the Bank Prime remains at 1%
Typical lending rates for the public is Bank Prime Rate which is 3%
see current best interest rates
This is an excerpt from the latest announcement from the Bank of Canada
Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on the upside. China’s economy is showing renewed momentum, while growth in a number of other emerging market economies has slowed as their financial conditions have tightened. Overall, the global economy is projected to grow by 2.8 per cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in 2015.
In Canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the Bank had been expecting. While household spending remains solid, slower growth of household credit and higher mortgage interest rates point to a gradual unwinding of household imbalances. The Bank expects that a better balance between domestic and foreign demand will be achieved over time and that growth will become more self-sustaining. Real GDP growth is projected to increase from 1.6 per cent in 2013 to 2.3 per cent in 2014 and 2.6 per cent in 2015. The Bank expects that the economy will return gradually to full production capacity, around the end of 2015.
read more: http://www.bankofcanada.ca/monetary-policy-introduction/key-interest-rate/schedule/
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
Typical lending rates for the public is Bank Prime Rate which is 3%
see current best interest rates
This is an excerpt from the latest announcement from the Bank of Canada
Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. economy is softer than expected but as fiscal headwinds dissipate and household deleveraging ends, growth should accelerate through 2014 and 2015. The nascent recovery in Europe, while modest, has surprised on the upside. China’s economy is showing renewed momentum, while growth in a number of other emerging market economies has slowed as their financial conditions have tightened. Overall, the global economy is projected to grow by 2.8 per cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in 2015.
In Canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the Bank had been expecting. While household spending remains solid, slower growth of household credit and higher mortgage interest rates point to a gradual unwinding of household imbalances. The Bank expects that a better balance between domestic and foreign demand will be achieved over time and that growth will become more self-sustaining. Real GDP growth is projected to increase from 1.6 per cent in 2013 to 2.3 per cent in 2014 and 2.6 per cent in 2015. The Bank expects that the economy will return gradually to full production capacity, around the end of 2015.
read more: http://www.bankofcanada.ca/monetary-policy-introduction/key-interest-rate/schedule/
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
Monday, October 07, 2013
Real estate Investment Strategies & Thoughts in Mississauga and surrounding areas
There are many different methods to invest in real estate in the Mississauga and surrounding areas.
Let's look at investing in real estate rental properties.
I am ruling out the option of a flip. With this out of the picture you would be looking at a rental property.
The options below are as follows:
1. You can buy a property for short term investment where the resale is very good so you will get maximum return when you resell in 4 years. Best bet is probably a town home in Churchill Meadows or Erin Mills of Mississauga or near Square One. These are great rentals as well!
2. You can purchase a maintenance free condo. For this I would recommend one Mississauga, Mimico or Toronto. For new-5yr old condos in Square one and Mimico - the rent would depend on the unit and area, but for an idea, sq one 1 beds go around 1350-1400 per month and 2 bedrooms $1600+.
3. You can buy a home in a high rental area, such as Mississauga or Brampton, where it is split into two units (ie: upper and basement) rented separately and get maximum rent and make a monthly profit.
Email me and I'll send you a list of Properties of Interest for you to view in this style
(As you will not make a profit on the above 2 options - you will just break even)
With a down payment of $90,000 you are looking to purchase in the $400k or below range.
The area is dependent on which of the investment goals you choose to purchase in as for
(1) you need a high resale area like certain Mississauga pockets,
(2) would be good by square one or downtown (although the downtown condo market is pretty saturated right now and prices are decreasing - great to buy but risky cause it is unknown if they will inflate again), and
(3) would be best in Brampton. I personally am not a fan of "student" rentals as the turnover is frequent and the wear and tear is sometimes high.
Please let me know if you have other questions or need more information.
Thank you,
Mark
Let's look at investing in real estate rental properties.
I am ruling out the option of a flip. With this out of the picture you would be looking at a rental property.
The options below are as follows:
1. You can buy a property for short term investment where the resale is very good so you will get maximum return when you resell in 4 years. Best bet is probably a town home in Churchill Meadows or Erin Mills of Mississauga or near Square One. These are great rentals as well!
2. You can purchase a maintenance free condo. For this I would recommend one Mississauga, Mimico or Toronto. For new-5yr old condos in Square one and Mimico - the rent would depend on the unit and area, but for an idea, sq one 1 beds go around 1350-1400 per month and 2 bedrooms $1600+.
3. You can buy a home in a high rental area, such as Mississauga or Brampton, where it is split into two units (ie: upper and basement) rented separately and get maximum rent and make a monthly profit.
Email me and I'll send you a list of Properties of Interest for you to view in this style
(As you will not make a profit on the above 2 options - you will just break even)
With a down payment of $90,000 you are looking to purchase in the $400k or below range.
The area is dependent on which of the investment goals you choose to purchase in as for
(1) you need a high resale area like certain Mississauga pockets,
(2) would be good by square one or downtown (although the downtown condo market is pretty saturated right now and prices are decreasing - great to buy but risky cause it is unknown if they will inflate again), and
(3) would be best in Brampton. I personally am not a fan of "student" rentals as the turnover is frequent and the wear and tear is sometimes high.
Please let me know if you have other questions or need more information.
Thank you,
Mark
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