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New Mortgage Rules Explained

On Friday, the Federal government announced changes to the minimum down payment rules when buying a home. My quick take: "the changes won't effect most home buyers. For those that it may effect, the changes are minimal."

Posted in Real Estate News,Mortgage Interest Rates Posted by Nazaar on December 12th, 2015 — Permalink

Mississauga Sales Activity by Community

Q1 2015

Posted in Real Estate Statistics,Mississauga Home Sales, Posted by Nazaar on October 28th, 2015 — Permalink

2015 Housing Market Charts

This post will be updated through the course of the year as it tracks real estate sales activity during 2015.  TREB stands for Toronto Real Estate Board.  The Toronto Real Estate Board represent the City of Toronto; the Regions of Halton, Peel, York, and Durham; plus South Simcoe County, and Orangeville.

TREB Affordability Indicator

Posted in Real Estate Statistics,Real Estate Market Update,Market Watch Posted by Nazaar on October 27th, 2015 — Permalink

September 2015 Real Estate Market Update and Sales Activity

Mississauga Sales Activity

 

The table below shows sales activity for Mississauga by property type for September 2015.  A total of 886 residential property listings were sold by TREB Realtors during the month.  423 total detach and semi-detach homes were sold.  172 condo townhomes; 33 freehold townhouses; and 257 condo apartments were also sold during September.  Further down below, is the full sales statistics for all of The Toronto Real Estate Board (TREB).

Posted in Real Estate Market Update,Market Watch Posted by Nazaar on September 6th, 2015 — Permalink

August 2015 Real Estate Market Update and Sales Activity

Mississauga Sales Activity

 

The table below shows the breakdown of sales activity by property type for August 2015 in Mississauga.  A total 851 residential property listings were sold by TREB Realtor during the month.  Detached and semi-detached homes totalled 401 listings sold; 148 condo townhouses, 260 condominium apartments, and 38 freehold townhomes were sold.  Further below, is the full sales statistics for all of The Toronto Real Estate Board (TREB).

Posted in Real Estate Market Update,Market Watch Posted by Nazaar on August 7th, 2015 — Permalink

Real Estate Down Payment: A Practical Look

The real estate buying process, calculating down payment

 

The down payment along with the closing costs are the up front mandatory cost of home ownership, and the biggest challenge to home ownership.

Many can afford the re-occuring mortgage payments and monthly utilities, many qualify for a mortgage loan, but not everyone has the down payment to buy a house.  Your down payment must come from your savings.  The down payment money is different from deposit given.  

The minimum down payment required is 5% of the purchase price.  The value of 5% varies, 5% of $300,000 is not the same as 5% of $400,000 or 5% of $500,000

Calculating Down Payment:

Posted in Home Ownership,First Time Buyers,Real Estate Buyers,Homes for sale Mississauga Posted by Nazaar on May 29th, 2014 — Permalink

Leasing: Mississauga Condos and Houses for Rent

Attention Mississauga Renters!

We work with all condo and home renters.  Are you looking for an affordable condo apartment for lease or rent in Mississauga?  Do you need a home, looking to rent a house in Mississauga.  We are here to help.

 

Homes and Condos for lease in Mississauga

Listings of all condominium apartments for rent in Mississauga.

Full list of 1 bedroom condos for rent and 2 bedroom condos for lease.  

 
 

Posted in Mississauga homes for Rent,Condos for lease in Mississauga,Square One Condominiums for Rent,City Centre Condos for Lease Posted by Nazaar on May 16th, 2014 — Permalink

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