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February 20th, 2012 · No Comments
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Mississauga and GTA real estate market was strong in January
February 9th, 2012 · No Comments
See the statistics and figures for our real estate market at this link:]
http://www.mississauga4sale.com/TREBprice.htm
Our office is located at 2691 Credit Valley Road in Mississauga, ON
→ No CommentsTags: General · GTA Real Estate News · Real Estate Market · TREB Real Estate Market
Sales up and Prices up TREB on the mid June residential real estate market in the GTA
June 20th, 2011 · No Comments
This is the latest report from TREB on the mid June residential real estate market in the GTA and Mississauga Real Estate markets
Mark
Greater Toronto REALTORS® Report June Mid-Month Resale Housing Market Figures
TORONTO, June 16, 2011 – The number of sales and the average selling price reported by Greater Toronto REALTORS® were both up during the first 14 days of June 2011. Sales through the first two weeks of June amounted to 4,787 – up 16 per cent over the same period in 2010. The average selling price for these transactions, at $477,853, was up nine per cent.
“The spring has always been the busiest time in the resale market, but the results for May and the first two weeks of June represented a marked improvement over last year. Low mortgage rates have kept affordability in check and buyers have felt confident in paying for a home over the long term,” said Toronto Real Estate Board (TREB) President Bill Johnston.
The number of new listings on the TorontoMLS® between June 1
st and June 14th
was down by eight per cent compared to 2010.”Listings have been in short supply this year, while a lot of people have been looking to buy. The result has been enhanced competition between buyers and more upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “Strong price growth will prompt more home owners to list as we move toward 2012.”
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Latest news from TD Canada Trust on what is happening with economics in the US and Canada
June 14th, 2011 · No Comments
Mississauga Real Estate
This is the latest news from TD Canada Trust on what is happening with economics in the US and Canada
United States
• One of this week’s main economic events was a speech in which Fed Chairman Bernanke laid out his view on the economic recovery. The Chairman made it clear that the Fed’s appetite for additional QE was limited.
• This makes sense; the current slowdown in growth should prove temporary, and the risk reward payoffs from additional QE are less favorable than they once were.
• Weak Q1 credit data released this week highlights the ongoing deleveraging process underway among households. But nascent signs of improved lending conditions continue to emerge from across the business sector.
Canada
• Global supply disruptions have taken a toll on the Canadian trade sector, with exports down 1.9% in April. Most of the trade weakness was driven by a 38% drop in aircraft, engines and parts – a component that tends to be very volatile.
• Despite the growing risks globally, Canada’s domestic economy continued to eek out a decent performance. The employment market continued to chug a long at a healthy pace with an average of 40,000 job gains over April and May. The unemployment rate fell to a 3 year low of 7.4%. Housing starts remained at a healthy rate 183, 000 through May– a pace CMHC deems to be consistent with Canadian demographics.
• Overall, Canadian economic growth is tracking a lackluster 1.3% annualized for the second quarter of this year. Growth should pick up to an average of 2.7% over the second half of this year, before grinding to an average quarterly pace in the range of 2.0-2.5% through 2012.
CANADA – ECONOMIC GROWTH MODERATING
The last two weeks have been a wild ride for global financial markets, as fear over slowing global economic growth has created a risk-off sentiment. The Canadian S&P/TSX received a bit of a reprieve Thursday as oil prices rose on concerns over OPEC supply constraints, but the index still closed the week at a low for the year. Despite the growing risks globally, Canada’s domestic economy continued to eek out a decent performance.
Globally, supply chain disruptions related to the Japanese earthquake have had a significant impact on international trade. These disruptions have taken a toll on the Canadian trade sector, with exports down 1.9% in April. Most of the trade weakness was driven by a 38% drop in aircraft, engines and parts – a component that tends to be very volatile. Excluding this massive swing, exports were down a more modest 0.7%. Furthermore, exports of autos – the industry likely most effected by supply chain disruptions – were up 1.0%. No doubt some of the softness in the export-orientated manufacturing sector in April reflected a Canadian dollar that reached a record high in the month – so April’s set back was not all a global growth story.
April’s disappointing trade report puts real GDP on track for a measly 1.3% advance in the second quarter,. However, underlying domestic strength was masked by the impact of the short-term disruptions in trade. Businesses, in general, appear to remain relatively upbeat about economic conditions. In particular, the employment market continued to chug a long at a healthy pace with an average of 40,000 job gains over April and May. This pace of job creation is consistent with underlying economic growth in the rage of 2.5-3.0%.
The unemployment rate broke through the 7.6-7.8% range it had been stuck in for the last six months, and fell to a 3 year low of 7.4%. Furthermore, the import data showed that businesses continued to ramp up spending on machinery and equipment, which is tracking a 20% annualized gain for the second quarter. Homebuilding also remained firm, with housing starts through April and May in a healthy range of 180,000 – a pace CMHC deems to be consistent with Canadian demographics.
Preliminary data suggest that the negative impact of the supply disruptions on the U.S. auto sector escalated into May, and reports suggest temporary road blocks to auto production and sales could last until July of this year. These effects are set to fade in the second half of this year, and the U.S. should emerge from its soft patch. Nonetheless, the Canadian economy is set to face increasing headwinds in the coming quarters. A lofty Canadian dollar in combination with Canada’s poor productivity performance will remain a challenge for the export sector. Domestically, households appear over-indebted and fatigued, and cannot continue to drive economic growth. Ditto for federal and provincial governments, which are facing deficits and are shifting to restraint.
Overall, beyond the third quarter of this year, the economic drivers will increasingly shift from household and governments to exports and businesses. This transition to export-driven growth will help support modest economic growth. As such, economic growth in Canada should pick-up to an average quarterly pace of 2.7% for the second half of this year, before grinding to just 2.0-2.5% in 2012.
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detached, semi detached, condo townhomes, condo apartments, link homes, freehold townhomes in the single family residential homes in the GTA
June 14th, 2011 · No Comments
this shows you the breakdown of detached, semi detached, condo townhomes, condo apartments, link homes, freehold townhomes in the single family residential homes in the GTA
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Posted and best mortgage interest rates available in the Toronto and GTA marketplace
June 13th, 2011 · No Comments
Below are the current posted and best rates available in the marketplace
| Terms | Posted Rates | Best Rates |
| 6 MONTHS | 4.45% | 4.40% |
| 1 YEAR | 3.60% | 2.64% |
| 2 YEARS | 3.95% | 3.30% |
| 3 YEARS | 4.25% | 3.52% |
| 4 YEARS | 4.89% | 3.54% |
| 5 YEARS | 5.39% | 3.79% |
| 7 YEARS | 6.29% | 4.79% |
| 10 YEARS | 6.65% | 4.99% |
| Rates are subject to change without notice. *OAC E&OE | ||
Other Rates:
| CURRENT PRIME RATE IS | 3.00% |
| PRODUCT | RATE |
| Variable Rate Mortgage: Prime – 0.75 | 2.25% |
→ No CommentsTags: Interest Rates · Mortgage Interest Rates
number of active listings on TREB for current month
June 12th, 2011 · No Comments
this graph shows the number of active listings on TREB for current month
mississauga homes for sale and single family homes for sale in Toronto and GTA
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Once again Bank of Canada holds interest rate steady
March 3rd, 2011 · No Comments
The Bank of Canada has decided once again to hold the interest rate steady at 1% meaning the prime lending rate to most consumers is steady at 3%
I still recommend 5 year variable rate on any mortgage
Read more about why I feel this way at this link:
http://www.mississauga4sale.com/rates.htm#1and5
All the best!
Mark
→ No CommentsTags: Buyers · General · Mortgage Interest Rates
Bank of Canada holds interest rate steady
January 20th, 2011 · No Comments
Once again the Bank of Canada decided yesterday january 19, 2011 to hold the prime rate at it’s current level of 1% meaning that prime lending rates at major banks remain unchanged at 3%
The Bank of Canada stated that they feel the economy will do better with a rate hold for the time being.
All the best!
Mark
→ No CommentsTags: General
Bank of Canada Holds Prime Rate Interest Rate Steady
December 9th, 2010 · No Comments
The Bank of Canada left the Prime Rate Interest Rate Steady at their last announcement on December 7, 2010.
This means that the Bank of Canada Prime remains at 1% and bank prime remains at 3% so interest rates charged on mortgages generally remains the same.
The Bank of Canada also stated that they feel that our Canadian economy is too fragile right now to change interest rates and feel that they will not be increasing the prime rate again until at least the middle of next year.
Go short on your mortgage, at least for now, read more about this at:
http://www.mississauga4sale.com/Lock-In-Short-Term-Long-Term-Mortgage.htm
All the best!
Mark