Brampton, ON

Hello Active Rain

Just over a week ago we posted a blog on "Getting Hosed Again", if you didn't get a chance to look it over take a second and read it and the comments others offered.

A couple of days later we offered a solutions that many of you thought for one reason or another wouldn't work. Mainly the weather. Check it out "Found The Solutions".

What did you think of the solutions? Like some others, did you think it wouldn't work for you?

Well, sometimes we just need a little motivation to get our creative juices flowing. FEAR is a good motivator (false evidence appearing real).

Is this false evidence or can it or will it really happen...

Happy Pedaling,

Greater Toronto Real Estate records 64% growth in October MLS Transactions

In October 2009, Greater Toronto REALTORS® reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 - up by 20 per cent compared to the same month last year.

To see the detailed report, please visit my blog at http://www.aceteamrealty.com/blog.asp

Manoj Kumar Arora, Broker of Record

Ace Team Realty Inc., Brokerage, 10 Kingsbridge Garden Circle, Suite 704, Mississauga, ON L5R 3K6

Cell: 416-618-9753

www.AceTeamRealty.com

On the search for vacant lots for sale in Mississauga or Brampton? Rare and exceptional, this beautiful, treed Brampton building lot is in an area of upscale bungalow and 1 1/2 storey new homes.

Situated in the highly desirable Streetsville Glen area of Brampton, this lot is zoned residential and is ready to be built on. It fronts on a quiet court with hydro, natural gas, cable and telephone readily available.

Level and peaceful, this beautiful Brampton building lot has an abundance of beautiful trees including hardwoods and softwoods.

When you sit on your deck in the morning, coffee in hand, you will feel like you are gazing out over your own private forest, right in the heart of the Mississauga and Brampton area !

Vacant lots are very hard to find in Mississauga or Brampton, especially at a price of only $279,900.

Build your dream home and watch your investment increase in value over the coming years while you enjoy the proximity to wonderful shopping and recreational facilities as well as to the Toronto Airport and the greater Toronto area.

If you are commuting to Toronto, this is a prime location with quick access to the 407, 401 and the 403 and yet still gives the feeling of being in a quiet, secluded enclave where forests and history abound.

This unusually large Brampton building lot is perfect for gardeners, nature lovers, children and pets.

The lot dimensions are 14m across the front, 37.4m across the back, 46m down one side and 55.4m down the remaining side, giving the homebuilder a very spacious and private back yard area.

In this price range, you won't find a more beautiful vacant lot on which to build your dream home in the Mississauga or Brampton areas.

Call or email today before it's gone!

For more information or an appointment to view, send an email to Vacant Building Lots Request

If you would like to be kept informed with a list of vacant lots that become available in Oakville, Burlington, Brampton, Mississauga or surrounding regions, contact Jo-Anne. You will receive daily updates in your inbox with all of the vacant building lots  that become available.

In the meantime, why not take a look at this rare and beautiful Brampton building lot and make your dream a reality today!

©2009JoSmith

TORONTO REAL ESTATE BOARD (TREB) MARKET WATCH REPORT FOR OCTOBER 2009

TREB Reports Strong Growth in October MLS Transactions

In October 2009, Greater Toronto REALTORS® reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 - up by 20 per cent compared to the same month last year.

"Strong sales growth has occurred across many property classes - from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour. "The highest rate of sales growth in October was experienced for properties selling for over $750,000 dollars. In contrast, luxury home sales declined at an above-average rate last year."

Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost three per cent.

"After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year."

Median Price
In October, the median price was $357,000, from the $312,000 recorded during October of 2008.

HELOC - Not always bad!

A Home Equity Line of Credit can be good or bad depending on how you use it. There are 10 things savvy home owners should look for when considering a Home Equity Line Of Credit:

1) No HELOC application fee or at least the fee should be refunded at closing. If your lender assesses an application fee, make sure it's refundable at closing.

2) No home loan appraisal or closing costs - there are plenty of no-cost options available that you shouldn't have to pay a HELOC appraisal fee.

3) No HELOC account maintenance or check-writing fees - Lenders already make money when you write checks (read - borrow) on the home equity credit line. If your lender tries this, dump him!

4) No "usage" fees - Apparently, HELOC lenders don't approve of the notion that a homeowner may want to have a HELOC as an emergency "reserve" account. Definitely look for a lender that does not charge this type of fee.

5) Variable APR equal to or near the prime rate (adjusted quarterly) - Interest charged on the balanced borrowed should be the only cost involved with a good home equity credit line!

6) Periodic cap on interest rate changes (the amount that the rate can be changed at one time) - Look for a Home Equity Line of Credit that adjusts quarterly (rather than monthly) in increments of 0.5% or less.

7) Lifetime cap on rate increases (the amount that the rate can be adjusted over the loan's life) - You'll want to find a HELOC loan with a lifetime rate cap that you can live with. Ask your loan officer to clearly spell out the "worst case" scenario for HELOC rate increases!

8) Ability to convert to a fixed rate loan - When rates do rise, people often get skittish about their variable-rate debt. A useful feature to look for in a HELOC loan is the ability to convert the line of credit to a standard fixed-rate, fixed-term home equity loan.

9) Interest-only payments allowed - Get this option but only use it if you need to! It's always best to pay down the principle, not just interest!

10) Unrestricted ability to repay principal without penalty - You should be able to pay off the Home Equity Line of Credit at any time without paying extra!

Enjoy these ten basic tips and now, more than ever, be careful! There are a lot of shady deals out there and if you don't take your time reviewing the fine print, it will come back to bite you!

Serving Region of peel, its your Realtor Sham Pathania. Visit my website www.greatgtahomes.com for MLS listings and search MLS properties in your desired area.

If you have any questions related to real estate and if you are seeking an assistance in selling or buying a real estate property in Brampton, Mississauga, Milton,Oakville, Caledon, Etobicoke or anywhere in GTA area, you may conact me at 416-562-8417. Ask For a FREE complimentary market evaluaton of your property.

If you are looking for a house and you have a particular School in mind, you must look for these MLS listings with school information.