MISSISSAUGA- GTA-REAL ESTATE MARKET UPDATE -JANUARY 2012
The real estate market is still hot in the Greater Toronto Area. January sales were up by 8.8% compared to sales in January last year. There were 4567 homes sold in January 2012. Sales growth was strongest for low-rise home types in the regions surrounding City of Toronto.
This is due to affordability factor with very low posted fixed mortgage rates and the consumer and buyers confidence in their ability to achieve the Canadian goal of home ownership.
The average selling price for January 2012 transactions was $463,534.00 up by almost nine percent compared to January 2011.
There has been multiple offer situations in the market due to low inventory and strong competion from the buyers. A better supplied market should result in a slower rate of price growth especially in the second half of 2012 said Jason Mercer who is the Senior Manager of Market Analysis at Toronto Real Estate Board.
If anyone needs a specific analysis of their neighbourhood and price, please feel free to send me email or contact me.
Are you downsizing, Upsizing, Buying your first home or moving up or even thinking of buying an investment property, Looking for Property Management...we help you with all the aspects of Real Estate.
Have no time for downsizing your parents and need all the help in moving them out of the current home, helping them to pack and seeling the home then do call me ..I have earned stripes to be an ACCREDITED SENIOR AGENT with full resources available to make the transition easy for SENIORS.
GTAWESTHMOES REPORT RESALE MARKET ACTIVITY IN TORONTO FOR THE FIRST 2 WEEKS OF JUNE:
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 1st 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
Downsizing or Upsizing,Buying first home or move up Detached, Townhouse, Semi-Detached or condominium, Investment or Property Management and even Staging the Home for Top$$$ price, Call Maya Garg. I am only one phone call away.
Market is too good to be true. Still having some Multiple offers in the neighbourhoods. Buyer confidence is great due to affordability and low mortgage rates. Zoomers are all out to own their first home.
Let me help you find your first home. Education is Power.
One of the real joys of the holiday season is this opportunity to say thank you and to wish you happiness in the coming year. May the sparkle of the holidays shine for you all year long.
My CHRISTMAS WISH TO YOU:
If I could wish a wish for you,
it would be for peace and happiness not only now,
but for the whole year through!
I wish that there always be food on your table.
And that you always remember those less fortunate.
May you always take time to share, and thank those who share with you.
I wish for time, so you may reflect
on the blessings that you have, and that you express your love
to those who are dear to you.
May you never feel lonely,
because there are those who care.
That you realize: you are special,
you are unique, you make a difference,
not only at Christmas, but all year!
I wish for your thoughts to be positive ones,
that you never quit, that you never give up,
and that you continue to learn.
I wish for the love, peace, and joy
of Christmas be yours always,
Wishing you Peace,Happiness,Health and success in the New Year
Let us make 2011 the Year to remember and the Best Year Ev er in REAL ESTATE.
Maya Garg-BROKER
Royal Lepage Kingsbury-Mississauga
In today's society, credit is our gateway to purchasing big tickets items like a home, cars, electronics and many other daily needs. When you buy something on credit you are responsible to repay it under the contract with the lender. If you do not pay the debt according to the terms and agreement your credit score will be affected. When you have bad credit you will be denied financing up to 90% of the time because the lender looks at you as a serious risk, which is not good.
So how do you build and maintain a good credit?
Establish chequing and savings bank accounts
This is the basic step necessary to build credit. Lenders see bank accounts as signs of stability. Opening a chequing and savings accounts is one of the few things young people can do to start building a financial history. While you can't get a credit card in your own name until you're 18, many banks have no problem letting you open an account.
Always pay your bills on time
This is one of the major factors that keeps people from increasing their credit score. When you make a late payment, the lender will mark your credit and this will substantially affect your credit score. Some people do not listen to this and charge more than they can afford. They get caught in a trap that they can never get themselves out of because they can barely afford to pay the payments.
Check your credit report regularly
Your credit report is available to you at little or no charge from major credit reporting agencies like TransUnion or Equifax.
Your credit report contains all your financial obligations and accounts associated with you. This is what banks, mortgage, credit card and auto loan companies use when reviewing your application. Every transaction or purchase that you have made shows on your credit report.
Check your credit report for inconsistencies, incorrect information or accounts that you do not know about. If there are any corrections that need to be made, follow up with the credit bureaus.
Do not spend more than your credit limit
A limit is set for you so you do not go over it. A creditor looks at you and thinks that you spend beyond your means and instead of you trying to improve your score you are hurting it.
The best way to avoid going into serious debt or financial trouble is to avoid using credit at all, use cash or your bank account instead. If you are in a situation where it is an emergency use credit and then pay it off immediately. The problem with today's society is that we spend way more than we make and this is what gets us all in trouble.
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The Real Estate Market is still going good in Canada. Due to great mortgage rates and affordable housing available for the First Time Buyers, market has done well so far. Here is the report to give you more detailed information. Total sales reported through our MLS system during first two weeks of November was 3,076 sales. Though this represented a 16 per cent decrease compared to the 3,666 sales recorded duringthe same period in November 2009. Year-to-date sales amounted to 78,526 - up slightly from the 2009 total.
The average price for November mid-month transactions was $437,554 - up more than five per cent compared to the average of $415,066 recorded during the first 14 days of November 2009.
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