Real Estate Curve

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Archive for the ‘Buyer’ Category

Aug-26-2011

August 26 Market Update

Here is a great link to the steady market predictions by CREA upto 2012

http://www.canadianrealestatemagazine.ca/news/item/748-prices-and-sales-will-remain-stable-through-2012-crea

Posted under Buyer, First Time Buyers, Seller
Jun-12-2011

Mississauga June 2011 Market Update

Houses are flying off the market like hot bread.
Buyers are getting angry with multiple offers.
Sellers are happy for a sellers market, they will sell high, but majority of the time, they still got to buy, remember (You sell high you buy high)

June 2011

Posted under Buyer, First Time Buyers, News, Seller
Jun-12-2011

Mortgage Rates for JUNE 2011 in the Greater Toronto Area

Terms Bank Rates Our Rates
6 Month 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% 3.69%
7 YEARS 6.29% 4.79%
10 YEARS 6.65% 4.99%

Rates are subject to change without notice. *OAC E&OE

Prime Rate is 3.00%

Variable rate mortgages from as low as Prime – .80%

Rates based from Dominion Lending Centres Prestige

Posted under Buyer, First Time Buyers
May-24-2011

Mortgage Rates for the GTA May 2011

Terms Bank Rates Our Rates
6 Month 4.45% 4.40%
1 YEAR 3.70% 2.64%
2 YEARS 4.05% 3.30%
3 YEARS 4.55% 3.52%
4 YEARS 5.19% 3.69%
5 YEARS 5.59% 3.89%
7 YEARS 6.49% 4.79%
10 YEARS 6.85% 4.99%

Rates are subject to change without notice. *OAC E&OE

Prime Rate is 3.00%

Variable rate mortgages from as low as Prime – .75%

Rates based from Dominion Lending Centres Prestige

Posted under Buyer, Financing
May-3-2011

Mortgage Rates May 2011 GTA

Here is a list of rate you can expect from most mortgage brokers in the greater Toronto area

Terms Bank Rates Our Rates
6 Month 4.45% 4.40%
1 YEAR 3.70% 2.64%
2 YEARS 4.05% 3.40%
3 YEARS 4.55% 3.62%
4 YEARS 5.19% 3.79%
5 YEARS 5.69% 4.09%
7 YEARS 6.49% 4.79%
10 YEARS 6.85% 4.99%

Rates are subject to change without notice. *OAC E&OE

Prime Rate is 3.00%

Variable rate mortgages from as low as Prime – .75%

Posted under Buyer, First Time Buyers, News
Apr-22-2011

Mortgage rate for the greator Toronto area as of April 19 2011

Terms Bank Rates Our Rates
6 Month 4.45% 4.40%
1 YEAR 3.70% 2.64%
2 YEARS 4.05% 3.40%
3 YEARS 4.55% 3.62%
4 YEARS 5.19% 3.79%
5 YEARS 5.69% 4.19%
7 YEARS 6.49% 4.79%
10 YEARS 6.85% 4.99%

Rates are subject to change without notice. *OAC E&OE
Prime Rate is 3.00%

Variable rate mortgages from as low as Prime – .75%

Posted under Buyer, First Time Buyers, News
Apr-22-2011

7 Ways to pay off your mortgage faster

here is a link to the 7 most effective ways to pay off your mortgage

Posted under Buyer, First Time Buyers, Seller
Mar-31-2011

Mortgage rates March 2011 GTA

Current mortgage rate you can get from a mortgage broker

Variable 5 year closed 2.2%—2.5%
1 year — 2.44%
2 year — 2.99%
3 year — 2.90%
4 year — 3.79%
5 year — 3.64%

Mortgage rate to change without notice.

Posted under Buyer, First Time Buyers, Seller
Mar-10-2010

Greater Toronto Area Real Estate Sales Statistics Summarized – February 2010

These Stats Are Compared to February 2009:

Active Listings –> 32% LESS

Monthly Sold –> 77% MORE

Year To Date Sold –> 81% MORE

Year To Date Average Selling Price –> 19% MORE

Sold Price To List Price –> 4% MORE

Average Days On Market –> 51% LESS

Posted under Buyer, News, Seller
Mar-10-2010

February 2010 Mississauga FREEHOLD Residential Sales Statictics:

$200,001-$300,000
Sold to List Price: 98.37%
Average Days On Market: 42

$300,001-$400,000
Sold to List Price: 100.33%
Average Days On Market: 13

$400,001-$700,000
Sold to List Price: 99%
Average Days On Market: 15

Posted under Buyer, News, Seller
Mar-10-2010

February 2010 Mississauga APARTMENT Residential Sales Statictics:

$200,001-$300,000
Sold to List Price: 98.61%
Average Days On Market: 23

$300,001-$400,000
Sold to List Price: 99.17%
Average Days On Market: 22

$400,001-$700,000
Sold to List Price: 98%
Average Days On Market: 41

Posted under Buyer, News, Seller
Jan-6-2010

Greator Toronto Real Estate Market Statistics

Last month(December 2009) there has been roughly -47% Active listings compared to 2008.

The amount of real estate sales in (December 2009) was at a high of +115%, highest in the last 4 years.

What does this mean, is that there aren’t that many active listings and people are still buying real estate in Toronto, Mississauga and the greater Toronto area more then ever.

What will happen in the future for Ontario real estate when the HST will start in July?
I personally think that sellers will want to sell their properties before hand to avoid additional costs. What I mean is that on a average home worth $400,000 a seller will have to pay $1600 more in taxes on commission when the HST will be in effect. Therefore a lot of people will want to save that money and sell/close before hand to avoid the additional cost.

Posted under Buyer, First Time Buyers, Seller
Dec-1-2009

Mississauga Angry Buyers and Multiple Offers!!!

Since when did we go into bidding wars in Mississauga, once in a while before but now it seems each good listing has a bidding war. Buyers are becoming angry and feel the pressure to buy. First time buyers are shocked and feel extreme pressure from their agents as well.
Banks are appraising the properties and wonder where are the sale prices coming from. Well its easy, in a bidding war the final price comes from the person who is willing to pay the most for the house.
People now is Mississauga are even buying real estate without inspections, what’s next?
Houses selling in 1-4 days, others over listed are staying on the market or getting low ball offers.
The majority of the activity is coming from the 300-500K homes.

Stay tuned for the next update…

Posted under Buyer, First Time Buyers, News, Seller
Nov-2-2009

Mississauga Real Estate Inventory Update As Well As GTA

Through out the last few weeks, the market in all parts of Mississauga specifically in Meadowvale, Clarkson, Port Credit Real Estate has been moving like hot cakes. If the property is rennovated or not but priced right, it will sell quick. People are not being that picky as they use to be due to the lack of extreme LOW inventory.
Have you been looking for a house, did you find one, were there mulitple offers on it or even worst did it sell before you could take a look at it? These are all the symptoms which buyers are experiencing currently in Mississauga Real Estate and through out the GTA.

As of November 2, the inventory of Mississauga and the GTA is extremly low, ATTENTION SELLERS IT IS YOUR MARKET!!!

Posted under Buyer, First Time Buyers, News
Jul-2-2009

Angry Buyers…

With all the bad inventory in the Gta’s market, buyers are getting mad on their agents. Is this right? I don’t think so, but apperntly if your agent can’t find you a home it is the agents fault. People have to think before they accuse other people, they have to ask themselves as a buyer,”am I too picky” ? Are the houses over priced or if there is no good inventory available. Before blaming your agent ask yourself all those questions. Real estate agents are there to help you purchase the biggest investment of your life, they want to be referred again and again (well some just want to make a quick buck) but most of them will work for your best interest. So before you start screaming at your agent, sit down with him or her and talk about the market and why it is what it is.

Posted under Buyer, News