Mississauga, ON Real Estate News

By Paul Cutajar
(Re/Max Realty Specialists Inc.)
Here's a good feeling story I thought I would share.  2.5 years ago, a lady came in to one of my Mississaugaopen house I was hosting.  We started talking, she saw the house, she filled in the guest registry and she left.  The following week I followed up with her.  Obviously she was not going to buy the house I had but I con't the conversation and arranged for an appointment! I reviewed the house, discussed my market analysis and after I was done, she informed me that she was not ready at this point. No Problem!  Icon't following up with her for several weeks and then heard no more. Low and behold...she called me the other day to ask me if I was still interested in speaking with her - OF COURSE I am!!!  I met with her and her daughter, reviewed the house, the market and my presentation....
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
    Tips for Getting Started Know your credit score Develop a budget Learn key mortgage terminology Determine how much you can afford Get pre-qualified Talk to a mortgage professional RRSP Homebuyers Plan Effective January 27, 2009, as a first time home buyer, you are allowed to withdraw up to $25,000 from your RRSP without penalty.  This amount can be doubled with your partner to a total of $50,000. Participants of the Homebuyers plan must begin repayment to their RRSP within two years of withdrawing the funds. Land or Property Transfer Tax Refunds If you purchase land or an interest in land, you may be entitled to a refund of a Provincial Land Transfer tax.  In Ontario, qualified first time home buyers may be entitled to a refund of a provincial Land Transfer Tax up to a maximum of $...
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By Paul Cutajar
(Re/Max Realty Specialists Inc.)
Wow. Did I ever get a great response from my last blog.  I just wanted to thank everyone for their input and feedback.  I was actually stunned at the response. So what did I learn?  I learned that just about everyone is trying to keep up with all this social media stuff.  Most are frantic about it.  The younger generation obviously is faster on the pick up as we were in relation to our parents.  Now I don't want everyone to think I know nothing about this stuff but I do find it very time consuming however as one response said..."you're still working".  So yea Twittering (keep it serious), Facebooking, Activeraining etc.  Whatever is working for you DO IT!  if you are not comfortable with the technology do what works for you or get someone to do the tech stuff for you. I really enjoyed e...
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By Akbar Zareh
(Kingsway Real Estate Brokerage)
October 15, 2009 -- The Ontario Human Rights Commission has released a new Policy on Human Rights and Rental Housing. This policy document is intended to give practical advice on how people (both tenants and landlords) can exercise their rights and fulfill their obligations under the Ontario Human Rights Code, with regard to how it applies to rental housing.Ontario Human Rights CodeUnder Ontario’s Human Rights Code, tenants and housing providers (landlords) have rights and obligations. Under the Code, everyone has the right to equal treatment in housing, without discrimination and harassment. Landlords are responsible for making sure the housing they operate is free from discrimination and harassment.Under the Code, people cannot be refused an apartment, bothered by a landlord or other ...
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By David Pylyp
(RE/MAX Realty Specialists Inc.,)
Illegal marijuana-growing operations, which take advantage of large properties or are conducted in a rental unit whose title is in someone else's name, have become more visible in the past 10 years, said Jim Murphy, president of the Canadian Association of Accredited Mortgage Professionals. Stan Gelman Lawyer Mississauga is of the same sentiment; Buyers need to protect themselves when buying Marijuana grow houses. These properties are not legally suitable for habitation because of the potential for health damage from Mould. Often renovations have been made to the structure that need to be repaired. A qualified and reputable Home Inspection Company should be used as well as a company that specializes in remedial action on mold removal if required. When you are working with professional e...
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Buying a Condominium in Oakville, Mississauga or Burlington - Important Things You Need to Know About Condominium Ownership - Part One.In today's real estate market, homebuyers from all age groups often consider the purchase of a condo as they begin to explore their homebuying options. If you are amongst this diverse group of homebuyers, there are many important things you should be aware of before moving forward on the path to buying a condominium.Enlisting the help of a knowledgeable real estate sales representative early in the process will save you an enormous amount of time and potentially problems and money. REALTOR®s have the knowledge, skill and experience you will be thankful to have on the road to condominium ownership. They will guide you along the path to a well-built condom...
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By Paul Cutajar
(Re/Max Realty Specialists Inc.)
Ok, I am really trying to get a handle on all of this.  I have 2 teenage kids and texting is all the rage.  I keep saying 'just call them and get it over with".  I'm still using a 'Razor' cell phone but I'm feeling the pressure of having to get a BB.  Working the Mississauga market keeps me busy but I enjoy my down time.  Once I get the B.B. and everyone knows I have it, when is my time mine.  Do I need to 'ON' all the time?  I'll deal with it but here's one I'm not understanding.  I signed up for facebook a few years back.  Kind of cool and fun (for a while).  Now I need to 'Twitter'.  Apparently millions of people really want to know what I'm doing right NOW!  REALLY?  Do you really want to know that I am sitting in my living room in my undies watching the news writing a blog about me...
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By Paul Cutajar
(Re/Max Realty Specialists Inc.)
      With only 2 months remaining in 2009....whew what a year!  The Mississauga Real Estate market has been witness to all of it.  The market was dead, advertising pulled in nothing, listings sat and Buyers were nowhere to be found.  Then the sun came out, or money started growing on trees again.  I'm not sure what it was exactly but suddenly the buyers were on the hunt and they didn't like what they saw on the market, atleast in Mississauga, the inventory was not in good condition.        When the market turned for the worse, I changed strategies and pushed for buyers - and got them.  We searched high and low for quality properties at a good price but the sellers weren't on board. I took a few listings with great clients - they took my advice on how to beat the market and were onboard...
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
At this time a year ago we experienced a downshift in the market as a result of the global economic crisis. What a difference a year makes! The Greater Toronto Area real estate market has already emerged from that period of dampened activity, posting five solid monthly performances in a row. View more at: http://communications2.torontomls.net/newstand/presiden/2009-2010/pm100909.htm   Your Gta Realtor
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By Betty Bartusevicius, Fine Homes In 905
(Re/Max Realty Specialists Inc., Brokerage)
Now that we have put away our shorts and tee shirts, pulled out our sweaters (and some mornings mittens), we can all settle into the routines that we put aside during the summer months.Most people were anticipating the inventory numbers to start increasing over September as potential sellers get back from summer vacation and decide to list. It hasn't happened, yet. With listings down 42%, buyers are competing for less product, which leads to "bidding wars".Homes that are priced well are not lasting on the FOR SALE list. Especially in Lorne Park and Mississauga Homes for sale. If you don't jump quickly, you lose because there are more and more multiple offer situations. Buyers are starved for product.Much of the activity has to do with low interest rates. Consumer confidence is up. That'...
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
Homes throughout the Greater Toronto Area are worth more than they have been in decades, as the real-estate market continues its dramatic resurgenceRead more: http://network.nationalpost.com/np/blogs/toronto/archive/2009/10/05/your-house-is-worth-more-than-it-ever-has-been-new-gta-figures-show.aspx##ixzz0TIkQiuRV     Call Your GTA Realtor For Buying or Selling of a home.
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By Manoj Arora
(ACE TEAM REALTY INC.)
GTA Real Estate Market - Feeling Hot Hot Hot... In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 - up by 10 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  To get a Profeesional Real Estate service for Buying or Selling your home, please contact: Manoj Kumar Arora, Broker of Record ACE Team Realty Inc., Brokerage 416-618-9753 (cell) www.AceTeamRealty.com  
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
 In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year. Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008. Average price, at $388,417 was up by almost 1.5 per cent. Your GTA Realtor  
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
The provincial ban on the use of hand-held devices while driving will take effect on October 26, 2009.The new law will make it illegal for drivers to talk, text, type, dial, or email using hand-held cell phones and other hand-held communications and entertainment devices (All drivers may use hand-held devices to call 9-1-1). Hands-free devices will still be permitted. The new law also prohibits viewing a display screen unrelated to the driving task such as laptops or DVD players while driving.Fines Begin February 1, 2010 Following a three-month period that begins October 26, where the focus will be on educating drivers, police will start issuing tickets on February 1, 2010. Under Ontario's new law, fines of up to $500 can be levied against distracted drivers who text, type, email, dial,...
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
Are you a home buyer ? The market is very hot and the interest rates are historically low. So why wait and why  not save your money. Buy it now before the interest rates go up or the prices go up. If you need any help in searching the right property, just go to www.justlistedingta.com, and fill up th form telling what exactly you are looking for. Everyday you will receive email notification of all the new properties matching your equirements. Its that simple for you to do so. For more information on buying or selling a home in Mississauga please contact Sham Pathania at 416-562 - 8417.     A Realtor you can rely upon.
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C'on Home Sellers, what are you waiting for, Mississauga Real Estate Market is so Hot. The dramatical turn seen in the last few months from a buyers to a sellers market is continuing in Mississauga resale home sales. Look at the August 09 figures, the sales are up from 5% to 20% approximately as compared to August 08 in different parts of Mississauga. But at the same time not many home owners are putting their home for sale. The new listings dropped by about 25% and more interestingly the total active listings almost dropped by 50% in August 09 in comparison to August 08. The home prices have also gone up in the range of 1% to 6% over the same period last year. This dropped inventory level has resulted in multiple offer situations and rightly priced properties are gone in just a week's ...
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By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Average price rises to new August record!The MLS® average residential price for homes sold in the area served by the Mississauga Real Estate Board climbed to the highest level for the month of August in 2009. Sales activity also remained strong. According to the Board’s statistics, the average price for MLS® home sales was $362,436 in August 2009, the highest average price for this month on record. This represents a five per cent increase from a year earlier. MLS® home sales numbered 1,059 units in August 2009, rising 19 per cent from the same month last year. This marks the third consecutive year-over-year increase, all of which have been more than 15 per cent. “August was another strong month for sales, as consumer confidence continues to rise,” said Judi Lloyd, President of the Missi...
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
The New Go Bus Terminal is fully operation now. Its very conveniently located at Highway 10 and 407 near the Golf club. Though it is in Mississauga, but geographically its very close to Brampton.   Sell or Buy your Home at www.greatgtahomes.com  
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
NEED TO CONTACT Post OfficeFriends and RelativesWorkBankFinance CompaniesInvestment FirmsInsurance CompanyTelephone Service ProviderCable CompanyInternet Service ProviderUtilitiesSchoolsDoctorDentistLawyerAccountantChurchOrganizations and ClubsCar DealershipNewspaper/Magazine Subscriptions
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By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010. What it means to buyers is " a big saving" and they must utilise this opportunity and save money. Read more at: http://www.bankofcanada.ca/en/fixed-dates/2009/rate_100909.html The next scheduled date for announcing the overnight rate target is 20 October 2009.
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