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Andre (Andrzej) Sterniczuk
Sales Representative

Royal LePage Realty Centre, Brokerage
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Real Estate Market Update for Mississauga, Toronto & GTA, August 2019
Posted on Tue, 06 Aug 2019, 04:50:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the August 2019 real estate market update

 

Mississauga and GTA real estate market in July 2019 was very active.

Number of sales went up by 24.3%!!! comparing to July 2018.

The average home price increased by 3.2%

Sales of all types of homes increased.

The biggest increase was in semi-detached category (42.3%) in 416 area.

Number of active listings decreased by 9.1% in comparison to July 2018.

Number of new listings increased by 3.7%

Home Sales & Average Price by Major Home Type
 

The number of sales in July 2019 went up comparing to July 2018. The average home price increased by 3.2% comparing to July of last year, and in terms of dollars it was over $24,800 higher. The average home price comparing to previous month went down by almost $26,000.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release July 2019 Stats

TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment.

New listings entered into TREB’s MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7 per cent. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the end of July were down by 9.1 per cent year-over-year, further reflecting tightening market conditions.

As market conditions continued to tighten in July, the average selling price increased by 3.2 per cent on a year-over-year basis to $806,755. The MLS® Home Price Index Composite benchmark was up by 4.4 per cent. Higher density home types continued to drive price growth, whereas detached home prices remained down in many communities throughout the GTA.

Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by the OSFI stress test, has experienced a slower pace of price growth, with average detached prices remaining lower than last year’s levels in some parts of the GTA

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

July 2018 - July 2019 Comparison

Mississauga Homes for Sale - Average Price 0718-0719 Mississauga Homes for Sale - Number of Sales 0718-0719 Mississauga Homes for Sale - Days on Market 0718-0719

Average home price was up by over $24,800, number of sales was up by almost 1,700 units,

time to sell a home was 2 days shorter.

Mississauga & GTA Home Sales

 

June 2019 - July 2019 Comparison

Mississauga Homes for Sale - Average Price 0619-0719 Mississauga Homes for Sale - Number of Sales 0619-0719 Mississauga Homes for Sale - Days on Market 0619-0719


Average home price was lower by almost $26,000, number of home sales was lower by 265 units,

time to sell was 2 days longer.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.04%

2 YEARS

3.74%

 2.89%

3 YEARS

3.89%

 2.79%↓

4 YEARS

3.94%

 2.94%

5 YEARS

5.34%

 2.69%↓

7 YEARS

5.80%

2.99%↓

10 YEARS

6.10%

3.04%↓

Variable

 

2.90% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

Attitudes are more important than facts.

~ Karl A.Menninger ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, July 2019
Posted on Fri, 05 Jul 2019, 04:10:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the July 2019 real estate market update

 

Mississauga and GTA real estate market in June 2019 was very active.

Number of sales went up by 10.4% comparing to June 2018.

The average home price increased by 3.0%

Sales of all types of homes increased except for condo apartments in 416 area.

The biggest increase was in detached category (20.3%) in 905 area.

Number of active listings decreased by 5.7% in comparison to June 2018.

Number of new listings decreased by 0.4%

Home Sales & Average Price by Major Home Type June 2019
 

The number of sales in June 2019 went up comparing to June 2018. The average home price increased by 3.0% comparing to June of last year, and in terms of dollars it was over $24,600 higher. The average home price comparing to previous month went down by almost $6,000.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release June 2019 Stats

TORONTO, July 4, 2019 – The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 per cent.

Sales and new listings statistics for the first half of 2019 compared to the same period in 2018 painted a similar story to that of June. Sales were up by 8.5 per cent, while new listings were up by less than one per cent. This shows that sales accounted for a greater share of listings compared to last year, which means that competition between buyers increased, resulting in renewed price growth in many segments of the market.

“As I start my term as President of the Toronto Real Estate Board, I am proud to say that the Greater Toronto Area continues to grow, in terms of employment, population and overall diversity. As people are attracted to our region from all around the world, they obviously need a place to live. Over the next year, as demand for ownership and rental housing continues to grow, my hope is that we will see more movement from policy makers on two fronts: alleviating the constrained supply of housing and providing more flexibility around demand-side policies, including the OSFI two percentage point mortgage stress test and allowable amortization periods on insured mortgages,” said Mr. Collins.

The overall average selling price in June 2019 was $832,703 – up by three per cent compared to the average of $808,066 in June 2018. Price growth was driven by the higher density market segments, including semi-detached houses, townhouses and condominium apartments. The MLS® Home Price Index Composite Benchmark was up by a similar annual rate of 3.6 per cent. For the first half of 2019, the average selling price was $810,661, representing an increase of 2.4 per cent compared to the first half of 2018.

“Buyers started moving off the sidelines in the spring, as evidenced by strong year-over-year price growth throughout the second quarter. However, because we saw virtually no change in the number of new listings, market conditions tightened and price growth picked up, especially for more higher density home types, which, on average, are less-expensive than traditional detached houses and therefore provide more affordable housing options under the new OSFI stress test regime,” said Jason Mercer, TREB’s Chief Market Analyst.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

June 2018 - June 2019 Comparison

Mississauga Homes for Sale - Average Price 0618-0619 Mississauga Homes for Sale - Number of Sales 0618-0619 Mississauga Homes for Sale - Days on Market 0618-0619

Average home price was up by over $24,600, number of sales was up by over 800 units,

time to sell a home was exactly the same.

Mississauga & GTA Home Sales

 

May 2019 - June 2019 Comparison

Mississauga Homes for Sale - Average Price 0519-0619 Mississauga Homes for Sale - Number of Sales 0519-0619 Mississauga Homes for Sale - Days on Market 0519-0619


Average home price was lower by almost $6,000, number of home sales was lower by over 1,100 units,

time to sell was two days longer.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.04%↓

2 YEARS

3.74%

 2.89%↓

3 YEARS

3.89%

 2.89%↓

4 YEARS

3.94%

 2.94%↓

5 YEARS

5.34%

 2.74%↓

7 YEARS

5.80%

3.14%↓

10 YEARS

6.10%

3.19%↓

Variable

 

2.90% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

What happens to a man is less significant than what happens within him.

~ Louis L. Mann ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, June 2019
Posted on Wed, 05 Jun 2019, 10:35:00 AM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the June 2019 real estate market update

 

Mississauga and GTA real estate market in May 2019 was very active.

Number of sales went up by 18.9% comparing to May 2018.

The average home price increased by 3.6%

Sales of all types of homes increased.

The biggest increase was in semi-detached category (34.7%) in 416 area.

Number of active listings decreased by 4.3% in comparison to May 2018.

Number of new listings increased by 0.8%

Mississauga & GTA Home Sales & price by home type June 2019
 

The number of sales in May 2019 went up comparing to May 2018.  The average home price increased by 3.6% comparing to May of last year, and in terms of dollars it was over $29,000 higher. The average home price comparing to previous month went up by almost $18,000.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release May 2019 Stats

TORONTO, ONTARIO, June 5, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.*While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the Greater Toronto Area has edged upwards since the fall.

“After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing. Households continue to see ownership housing in the GTA as a quality long-term investment as population growth from immigration remains strong and the regional economy continues to create jobs across diversity of sectors. However, sales activity continues to be below the longer- term norm, as potential home buyers come to terms with the OSFI mortgage stress test and the fact that listings continue to be constrained relative to sales,” said Mr. Bhaura.

The number of new listings entered into TREB’s MLS® System in May 2019 was up only slightly compared to May 2018, increasing by 0.8 per cent to 19,386. Year-over-year growth in new listings was far outstripped by year-over-year growth in sales. This means that market conditions continued to tighten in favour of sellers.

The MLS® Home Price Index (HPI) Composite benchmark price was up by 3.1 per cent on a year-over-basis. The average selling price for all home types combined was up by a similar 3.6 per cent to $838,540. Price growth was driven by the condominium apartment and townhouse market segments.

“We are experiencing annual rates of price growth that are largely sustainable right now in the GTA – above the rate of inflation, but in the single digits. If, however, we continue to see growth in sales outstrip growth in new listings, price growth will accelerate. This potential outcome underpins calls from TREB and other housing industry stakeholders to address roadblocks preventing a more sustainable and diverse supply of housing reaching the market. Many households are not comfortable listing their homes for sale because they feel that there are no housing options available to better meet their needs,” said Jason Mercer, TREB’s Chief Market Analyst.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

May 2018 - May 2019 Comparison

Mississauga Homes for Sale - Average Price 0518-0519 Mississauga Homes for Sale - Number of Sales 0518-0519 Mississauga Homes for Sale - Days on Market 0518-0519

Average home price was up by over $29,000, number of sales was up by almost 1,600 units,

time to sell a home was 1 day shorter.

Mississauga & GTA Home Sales

 

April 2019 - May 2019 Comparison

Mississauga Homes for Sale - Average Price 0419-0519 Mississauga Homes for Sale - Number of Sales 0419-0519 Mississauga Homes for Sale - Days on Market 0419-0519


Average home price was higher by almost $18,000, number of home sales was higher by almost 950 units,

time to sell was the same.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.14%

3 YEARS

3.89%

 2.92%↓

4 YEARS

3.94%

 3.14%

5 YEARS

5.34%

 2.97%↓

7 YEARS

5.80%

3.49%

10 YEARS

6.10%

3.44%

Variable

 

2.90%↓ (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

We would accomplish many more things if we did not think of them as impossible.

~ Chretien Malesherbes ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, May 2019
Posted on Tue, 07 May 2019, 08:00:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the May 2019 real estate market update

 

Mississauga and GTA real estate market in April 2019 was very active.

Number of sales went up by 16.8% comparing to March 2018.

The average home price increased by 1.9%

Sales of all types of homes increased.

The biggest increase was in townhouse category (24.6%) in 416 area.

Number of active listings decreased by 0.9% in comparison to April 2018.

Number of new listings increased by 8.0%!

Mississauga & GTA Home Sales & price by home type 0419
 

The number of sales went up comparing to April 2018. After pretty cold March people decided not to wait anymore, so that's why number of sales went up considerably.  The average home price increased by 1.9% comparing to April of last year, and in terms of dollars it was over $15,000 higher. The average home price comparing to previous month went up by almost $32,000.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release April 2019 Stats

TORONTO, ONTARIO, May 6, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.

New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that market conditions continued to tighten which points toward an acceleration in price growth.

“The strong year-over-year growth in sales is obviously a good news story and likely represents some catchup from a slow start to the year. TREB’s sales outlook for 2019 anticipates an increase relative to 2018. It should be noted, however, that growth in new listings is not keeping pace with sales. This points to the ongoing housing supply issue in the GTA. In this regard TREB welcomes the provincial government’s Housing Supply Action Plan announced last week to reduce red tape and improve the mix of housing types. TREB provided input on the Plan through submissions and participation on working groups,” said Mr. Bhaura.

The year-over-year rate of price growth generally edged up in April relative to the first three months of the year. The MLS® HPI Composite benchmark was up by 3.2 per cent – the highest rate of growth in more than a year. The average selling price was up by 1.9 per cent to $820,148, representing the strongest annual rate of growth so far in 2019. On a preliminary seasonally adjusted basis, the average selling price was also up by 1.1 per cent compared to March 2019.

Price growth continued to be driven by the condominium apartment segment and higher-density low-rise segments. The average price for detached houses dipped year-over-year, specifically in regions surrounding the City of Toronto. The detached market segment, with the highest price point on average, has arguably been hardest hit by measures such as the OSFI stress test.

“While sales were up year-over-year in April, it is important to note that they remain well-below April levels for much of the past decade. Many potential home buyers arguably remain on the sidelines as they reassess their options in light of the OSFI-mandated two percentage point stress test on mortgages. Longer term borrowing costs have trended lower this year and the outlook for short-term rates, for which the Bank of Canada holds the lever, is flat to down this year. Unfortunately, against this backdrop, we have seen no movement toward flexibility in the OSFI stress test,” said Jason Mercer, TREB’s Chief Market Analyst.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

April 2018 - April 2019 Comparison

Mississauga Homes for Sale - Average Price 0418-0419 Mississauga Homes for Sale - Number of Sales 0418-0419 Mississauga Homes for Sale - Days on Market 0418-0419

Average home price was up by over $15,000, number of sales was up by almost 1,300 units,

time to sell a home was 1 day shorter.

Mississauga & GTA Home Sales

 

March 2019 - April 2019 Comparison

Mississauga Homes for Sale - Average Price 0319-0419 Mississauga Homes for Sale - Number of Sales 0319-0419 Mississauga Homes for Sale - Days on Market 0319-0419


Average home price was higher by almost $32,000, number of home sales was higher by over 1,800 units,

time to sell was shorter by 2 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.14%↓

3 YEARS

3.89%

 2.96%↓

4 YEARS

3.94%

 3.14%↓

5 YEARS

5.34%

 3.04%↓

7 YEARS

5.80%

3.49%

10 YEARS

6.10%

3.44%

Variable

 

2.95% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

Two menfolk out the same prison bars, one sees mud and the other stars.

~ Frederick Langbridge ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, April 2019
Posted on Mon, 22 Apr 2019, 06:00:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the April 2019 real estate market update

 

Mississauga and GTA real estate market in March 2019 was similar to March 2018.

Number of sales was exactly the same as in March 2018.

The average home price increased by only 0.5%

Sales of semi-detached homes and condos decreased while sales of detached homes and townhomes increased.

The biggest decrease in sales was in the condos category(-14.1%) in 416 area and the biggest increase was in townhomes category (15.2%) also in 416 area.

Number of active listings decreased by 2.5% in comparison to March 2018.

Number of new listings decreased by 5.1%!

Mississauga & GTA Home Sales & price by home type March 2019
 

The number of sales was flat comparing to March 2018. March 2019 was pretty cold so it affected the sales and number of listings.  The average home price increased though by 0.5% comparing to March of last year, and in terms of dollars it was over $3,800 higher. The average home price comparing to previous month went up by over $7,900.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release March 2019 Stats

TORONTO, ONTARIO, April 3, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018.

While March and Q1 sales remained relatively flat compared to last year, new listings have declined more so than sales. March new listings were down by 5.1 per cent year-over-year and Q1 new listings were down by 1.5 per cent.

“The OSFI stress test continues to impact home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed. The supply of listings in the GTA also remains a problem. Bringing a greater diversity of ownership and rental housing online, including ‘missing middle’ home types, should be a priority of all levels of government. TREB is happy to be taking part in the City of Toronto’s consultations for the Housing TO – 2020-2030 Action Plan, and will certainly be raising the supply issue during these discussions,” said Mr. Bhaura.

“While the City of Toronto’s recently announced Housing TO – 2020-2030 Action Plan is exciting and commendable and TREB looks forward to contributing solutions as a Member of the External Advisory Committee, the recently proposed increase to the Municipal Land Transfer Tax on higher priced properties is problematic. As the recent City budget process showed, the MLTT is not a sustainable revenue source from which to fund municipal programs. On top of this, additional MLTT on higher priced homes could have a trickle-down effect on the supply of homes throughout the housing price continuum,” said TREB CEO John Di Michele.

The MLS® Home Price Index Composite Benchmark was up by 2.6 per cent year-over-year in March, while the average price for March sales was up by a lesser annual rate of 0.5 per cent to $788,335. The average selling price for Q1 2019 was up by 1.1 per cent year-over-year.

“Market conditions have remained tight enough to support a moderate pace of price growth. Despite sales being markedly lower than the record levels of 2016 and early 2017, the supply of listings has also receded. This means that in many neighbourhoods throughout the GTA, we continue to see competition between buyers for available listings, which provides a level of support for home prices,” said Jason Mercer, TREB’s Chief Market Analyst.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

March 2018 - March 2019 Comparison

Mississauga Homes for Sale - Average Price 0318-0319 Mississauga Homes for Sale - Number of Sales 0318-0319 Mississauga Homes for Sale - Days on Market 0318-0319

Average home price was up by over $3,800, number of sales was down by 1 unit,

time to sell a home was 1 day longer.

Mississauga & GTA Home Sales

 

February 2019 - March 2019 Comparison

Mississauga Homes for Sale - Average Price 0219-0319 Mississauga Homes for Sale - Number of Sales 0219-0319 Mississauga Homes for Sale - Days on Market 0219-0319


Average home price was higher by over $7,900, number of home sales was higher by almost 2,200 units,

time to sell was shorter by 4 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.19%

3 YEARS

3.89%

 3.09%↓

4 YEARS

3.94%

 3.19%↓

5 YEARS

5.34%↓

 3.09%↓

7 YEARS

5.80%

3.49%↓

10 YEARS

6.10%

3.44%↓

Variable

 

2.95% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

It's not the load that breaks you down, it's the way you carry it.

~ Lena Horne ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, March 2019
Posted on Thu, 07 Mar 2019, 10:35:00 AM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the March 2019 real estate market update

 

Mississauga and GTA real estate market in February 2019 was similar to February 2018.

Number of sales was slightly lower by 2.4% comparing to February 2018.

The average home price increased by 1.6%

Sales of all types of homes decreased in 416 area, except for semi-detached. In 905 area sales of all types of homes decreased, except for detached type.

The biggest decrease in sales was in the townhouse category(-12.6%) in 416 area and the biggest increase was in semi-detached category (20.0%) also in 416 area.

Number of active listings decreased by 0.6% in comparison to February 2018.

Number of new listings decreased by 6.2%!

Mississauga & GTA Home Price & Sales by type in February 2019 

The number of sales and the number of active listings inched down, comparing to the February 2018. February 2019 was very cold and snowy so it affected the sales and number of listings.  The average home price increased though by 1.6% comparing to February of last year, and in terms of dollars it was over $12,600 higher. The average home price comparing to previous month jumped up by over $32,000!!!

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors® Release February 2019 Stats

Greater Toronto, March 5, 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 per cent on a yearover-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.

“The OSFI mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30 year amortizations for federally insured mortgages. There is a federal budget and election on the horizon. It will be interesting to see what policy measures are announced to help with home ownership affordability,” said Mr. Bhaura.

Despite sales being down year-over-year, new listings actually declined by a greater annual rate. This suggests that market conditions became tighter compared to last year. Tighter market conditions continued to support year-over-year average price growth.

Both the MLS® Home Price Index Composite Benchmark and the average selling price were up modestly on a year-over-year basis in February 2019. The MLS® HPI Composite Benchmark was up by 2.4 per cent year-over-year. The average selling price for all home types combined was up by 1.6 per cent over the same period. Price growth was driven by the condominium apartment segment and higher density low-rise home types. On a preliminary seasonally adjusted basis the average selling price was down compared to January 2019.

“Home sales reported through TREB’s MLS® System have a substantial impact on the Canadian economy. A study conducted by Altus for TREB found that, on average, each home sale reported through TREB resulted in $68,000 in spin-off expenditures accruing to the economy. With sales substantially lower than the 2016 record peak over the last two years, we have experienced a hit to the economy in the billions of dollars, in the GTA alone. This hit has also translated into lower government revenues and, if sustained, could impact the employment picture as well,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

February 2018 - February 2019 Comparison

Mississauga Homes for Sale - Average Price 0218-0219 Mississauga Homes for Sale - Number of Sales 0218-0219 Mississauga Homes for Sale - Days on Market 0218-0219

Average home price was up by almost $12,600, number of sales was down by 123 units,

time to sell a home was the same.

Mississauga & GTA Home Sales

 

January 2019 - February 2019 Comparison

Mississauga Homes for Sale - Average Price 0119-0219 Mississauga Homes for Sale - Number of Sales 0119-0219 Mississauga Homes for Sale - Days on Market 0119-0219


Average home price was higher by over $32,000, number of home sales was higher by over 1,000 units,

time to sell was shorter by 8 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.19%

3 YEARS

3.89%

 3.29%↓

4 YEARS

3.94%

 3.54%↓

5 YEARS

5.59%

 3.44%↓

7 YEARS

5.80%

3.64%↓

10 YEARS

6.10%

3.89%

Variable

 

2.95% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

To different minds, the same world is a hell, and a heaven.

~ Ralph Waldo Emerson ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, February 2019
Posted on Fri, 08 Feb 2019, 01:05:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the February 2019 real estate market update

 

Mississauga and GTA real estate market was similar to January 2018.

Number of sales was marginally higher by 0.6% comparing to January 2018.

The average home price increased by 1.7%

Sales of all types of homes decreased in 416 area, except for townhouses. In 905 area sales of all types of homes increased, except for semis.

The biggest decrease in sales was in the detached category(8.6%) in 416 area and the biggest increase was also in detached category but in 905 area.

Number of active listings increased by 0.6% in comparison to January 2018.

Number of new listings increased by 10.5%!!!

 

The number of sales and the number of active listings inched up, comparing to the January 2018. The average home price increased by 1.7% comparing to January of last year, and in terms of dollars it was over $12,000 higher. The average home price comparing to previous month was just $1850 lower. It looks like it's a balanced market now.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA Realtors Release January Stats

TORONTO, February 6, 2019 - TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018.

“It is encouraging to see the slight increase in January transactions on a year-overyear basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged upwards is in line with TREB’s forecast for higher sales in calendar year 2019,” said Mr. Bhaura

The MLS® HPI Composite Benchmark price was up by 2.7 per cent compared to January 2018. The condominium apartment market segment continued to lead the way in terms of price growth. The average selling price was up by 1.7 per cent on a year-over-year basis. After preliminary seasonal adjustment, the average selling price edged lower compared to December 2018.

“Market conditions in January, as represented by the relationship between sales and listings, continued to support moderate year-over-year price increases, regardless of the price measure considered. Given housing affordability concerns in the GTA, especially as it relates to mortgage qualification standards, we have seen tighter market conditions and stronger price growth associated with higher density low-rise home types and condominium apartments, which have lower average selling prices compared to single detached homes,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

January 2018 - January 2019 Comparison

Mississauga Homes for Sale - Average Price 0118-0119 Mississauga Homes for Sale - Number of Sales 0118-0119 Mississauga Homes for Sale - Days on Market 0118-0119

Average home price was up by over $12,400, number of sales was up by 22 units,

time to sell a home was longer by 1 day.

Mississauga & GTA Home Sales

 

December 2018 - January 2019 Comparison

Mississauga Homes for Sale - Average Price 1218-0119 Mississauga Homes for Sale - Number of Sales 1218-0119 Mississauga Homes for Sale - Days on Market 1218-0119


Average home price was lower by $1850, number of home sales was higher by 228 units,

time to sell was longer by 2 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.30%↑

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.19%

3 YEARS

3.89%

 3.44%

4 YEARS

3.94%

 3.64%

5 YEARS

5.59%

 3.49%↓

7 YEARS

5.80%

3.69%↓

10 YEARS

6.10%

3.89%↓

Variable

 

2.95% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

What happens is not as important as how you react to what happens.

~ Thaddeus Golas ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, January 2019
Posted on Fri, 04 Jan 2019, 03:25:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the January 2019 real estate market update

 

Mississauga and GTA real estate market slowed down considerably in December 2018.

Number of sales was lower by 22.5% comparing to December 2017.

The average home price increased by 2.1%

Sales of all types of homes decreased across GTA.

The biggest decrease in sales was in the semi-detached category(28.8%).

Number of active listings decreased by 11.6% in comparison to December of 2017.

Number of new listings decreased by 31.5%!!!

 

The number of sales went down and the number of active listings went down as well, comparing to the December 2017. The average home price increased by 2.1% comparing to December of last year, which looks like a small increase, but in terms of dollars it was over $15,000. The average home price comparing to previous month went down by over $38,000! Quite substantial decrease in number of new listings may put pressure on selling price.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

December and 2018 Annual Statistics Released

TORONTO, ONTARIO, January 4, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period to155,823.

The overall average selling price for 2018 transactions, at $787,300, was down by 4.3 per cent year-over-year for all home types combined across the TREB market area.

Home prices were up very slightly in the City of Toronto and down in the surrounding GTA regions. This dichotomy reflects the fact that the condominium apartment segment, which accounted for a large proportion of sales in the City of Toronto, performed better from a pricing perspective than the detached market segment. The average price for condominium apartment sales across the TREB market area was up by 7.8 per cent year-over-year.

“Higher borrowing costs coupled with the new mortgage stress test certainly prompted some households to temporarily move to the sidelines to reassess their housing options. With this said, it is important to note that market conditions were improved in the second half of the year, both from a sales and pricing standpoint,” said Garry Bhaura. “After spiking in 2017, new listings receded markedly in 2018. In many neighbourhoods, despite fewer sales from a historic perspective, some buyers still struggled to find a home meeting their needs. The home price growth in the second half of the year. Price growth was strongest for less expensive home types, as many home buyers sought more affordable home ownership options,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

December 2017 - December 2018 Comparison

Mississauga Homes for Sale - Average Price 1217-1218 Mississauga Homes for Sale - Number of Sales 1217-1218 Mississauga Homes for Sale - Days on Market 1217-1218

Average home price was up by over $15,000, number of sales was down by 1,095 units,

time to sell a home was longer by 4 days.

Mississauga & GTA Home Sales

 

November 2018 - December 2018 Comparison

Mississauga Homes for Sale - Average Price 1118-1218 Mississauga Homes for Sale - Number of Sales 1118-1218 Mississauga Homes for Sale - Days on Market 1118-1218


Average home price was lower by over $38,000, number of home sales was lower by over 2,470 units,

time to sell was longer by 4 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.10%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.19%

3 YEARS

3.89%

 3.44%↑

4 YEARS

3.94%

 3.64%

5 YEARS

5.59%

 3.59%↓

7 YEARS

5.80%

3.74%

10 YEARS

6.10%

4.04%

Variable

 

2.95% (closed)↑

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

It's how you deal with failure determines how you achieve success.

~ David Faherty ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

       comment on this
Real Estate Market Update for Mississauga, Toronto & GTA, December 2018
Posted on Thu, 06 Dec 2018, 12:30:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the December 2018 real estate market update

 

Mississauga and GTA real estate market slowed down a bit in November 2018.

Number of sales was lower by 14.7% comparing to November 2017.

The average home price increased by 3.5%

Sales of all types of homes decreased across GTA.

The biggest decrease in sales was in the townhouse category(16.4%).

Number of active listings decreased by 9.8% in comparison to November of 2017.

Number of new listings decreased by 26.1%!!!

 

The number of sales went down and the number of active listings went down as well, comparing to the November 2017. The average home price increased by 3.5% comparing to November of last year, which looks like a small increase, but in terms of dollars is almost $27,000, which is not easy to save. The average home price comparing to previous month went down by almost $19,000. Quite substantial decrease in number of new listings may put pressure on selling price.

 

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA REALTORS® Release November Stats

TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

Greater Toronto Area REALTORS® reported 6,251 residential transactions through TREB’s MLS® System in November 2018. This result was down by 14.7 per cent compared to November 2017, when we saw a temporary upward shift in demand as the market was distorted by the looming OSFI-mandated stress test at the end of last year.

“New listings were actually down more than sales on a year-over-year basis in November. This suggests that, in many neighbourhoods, competition between buyers may have increased. Relatively tight market conditions over the past few months have provided the foundation for renewed price growth,” said Mr. Bhaura.

On a preliminary seasonally adjusted basis, sales were down by 3.4 per cent compared to October 2018. The average selling price after preliminary seasonal adjustment was down by 0.8 per cent compared to October 2018.

“Home types with lower average price points have been associated with stronger rates of price growth over the past few months. Given the impact of the OSFI-mandated mortgage stress test and higher borrowing costs on affordability, it makes sense that the condo apartment and semi-detached market segments experienced relatively stronger rates of price growth in November, as market conditions in these segments remained tight or tightened respectively over the past year,” said Jason Mercer,TREB’s Director of Market Analysis.

Source: Market Watch, TREB

Mississauga  & GTA Home Sales

November 2017 - November 2018 Comparison

Mississauga Homes for Sale - Average Price 1117-1118 Mississauga Homes for Sale - Number of Sales 1117-1118 Mississauga Homes for Sale - Days on Market 1117-1118

Average home price was up by almost $27,000, number of sales was down by 1,075 units,

time to sell a home was longer by 3 days.

Mississauga & GTA Home Sales

 

October 2018 - November 2018 Comparison

Mississauga Homes for Sale - Average Price 1018-1118 Mississauga Homes for Sale - Number of Sales 1018-1118 Mississauga Homes for Sale - Days on Market 1018-1118


Average home price was lower by almost $19,000, number of home sales was lower by over 1,241 units,

time to sell was longer by 3 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%

3.10%

1 YEAR

3.59%

3.19%

2 YEARS

3.74%

 3.19%

3 YEARS

3.89%

 3.39%

4 YEARS

3.94%

 3.64%

5 YEARS

5.59%

 3.59%↑

7 YEARS

5.80%

3.74%↑

10 YEARS

6.10%

4.04%↑

Variable

 

2.85% (closed)

Prime

3.95%

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

Win as if you were used to it, lose as if you enjoyed it for a change.

~ Golnik Eric ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

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Real Estate Market Update for Mississauga, Toronto & GTA, November 2018
Posted on Mon, 05 Nov 2018, 08:25:00 PM  in Real Estate Market Update
Tags:,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,  ,    

Hello! Here is the November 2018 real estate market update

 

Mississauga and GTA real estate market was quite active in October 2018.

Number of sales was higher by 6.0% comparing to October 2017.

The average home price increased by 3.5%

Sales of all types of homes increased across GTA, except for townhouses in 416 area.

The biggest increase in sales was in the semi-detached category(12.7%).

Number of active listings increased by 0.4% in comparison to October of 2017.

Number of new listings decreased by 2.7%.

 

The number of sales went up and the number of active listings went marginally up as well, comparing to the October 2017. The average home price increased by 3.5% comparing to October of last year, which looks like a small increase, but in terms of dollars is almost $27,000, which is not easy to save. The average home price comparing to previous month went up by over $10,500. Despite this, Mississauga, Toronto and GTA real estate market is a balanced market now, but we can still see multiple offers especially on a lower priced properties. The inventory of homes for sale is higher than it was in spring. Consequently it takes a bit longer to sell a home.

 

~                    T h i s   M o n t h                    ~

 

  • Mississauga & GTA Real Estate Market Watch
  • Current Interest Rates

 

GTA REALTORS® Release October Stats

Greater Toronto, November 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018.

Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.

The average sale price for October 2018 was up 3.5 per cent on a year-over-year basis to $807,340. After preliminary seasonal adjustment, the average selling price was up one per cent compared to September 2018. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.6 per cent compared to October 2017. Price growth continued to be driven be the condominium apartment and higher density low-rise market segments.

“Annual sales growth has been positive since the late spring. While the OSFI stress test and higher borrowing costs have kept sales below 2016’s record pace, many households in the Greater Toronto Area remain upbeat on home ownership as a quality long-term investment. A strong regional economy and steady population growth will continue to support the demand for housing ownership as we move into 2019,” said Mr. Bhaura.

There were 14,431 new Listings entered into TREB’s MLS® System in October 2018 – down 2.7 per cent compared to October 2017. The fact that sales were up and new listings were down year-over-year in October suggests that market conditions became tighter.

“Annual sales growth has outstripped annual growth in new listings for the last five months, underpinning the fact that listings supply remains an issue in the Greater Toronto Area. With municipal elections in the rear view mirror, all levels of government need to concentrate on policies that could remove impediments to a better-supplied housing market, including facilitating the development of a broader array of medium density housing choices,” said Jason Mercer, TREB’s Director of Market Analysis.

 Source: Market Watch, TREB

Mississauga  & GTA Home Sales

October 2017 - October 2018 Comparison

Mississauga Homes for Sale - Average Price 1017-1018 Mississauga Homes for Sale - Number of Sales 1017-1018 Mississauga Homes for Sale - Days on Market 1017-1018

Average home price was up by almost $27,000, number of sales was up by over 420 units,

time to sell a home was longer by 1 day.

Mississauga & GTA Home Sales

 

September 2018 - October 2018 Comparison

Mississauga Homes for Sale - Average Price 0918-1018 Mississauga Homes for Sale - Number of Sales 0918-1018 Mississauga Homes for Sale - Days on Market 0918-1018


Average home price was higher by over $10,500, number of home sales was higher by over 1,000 units,

time to sell was shorter by 2 days.

Current Interest Rates

 

Terms

Posted Rates

Discounted Rates

6 MONTHS

3.34%↑

3.10%

1 YEAR

3.59%↑

3.19%

2 YEARS

3.74%↑

 3.19%

3 YEARS

3.89%↑

 3.39%↑

4 YEARS

3.94%↑

 3.64%↑

5 YEARS

5.59%

 3.50%↑

7 YEARS

5.80%

3.59%↑

10 YEARS

6.10%

3.94%

Variable

 

2.85%↑ (closed)

Prime

3.95%↑

 

Rates quoted by Invis Canada are subject to change without notice.

 

Quote of the Month

You are more likely to act yourself into feelings, than feel yourself into action.

~ Dr. Jerome Brunner ~

 

 

Sales and Average Price Up in Calendar Year 2013

January 6, 2014 – Greater Toronto Area REALTORS® 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.

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