335 Webb Drive 2 bedroom unit for rent

Asking price $1575. 2 bedroom 2 full washrooms. Newly renovated with laminate flooring, granite counter tops, new kitchen cabinets and much more. do not miss it !

Sold in 4 days ! 5050 Intrepid Drive # 29 Great Gulf Homes Townhouses in Mississauga

SOLD IN 4 DAYS !

Just Listed Monarchy Condo for Rent 335 Webb Drive in Mississauga

Monarchy Condos. Right On Sq1 In Mississauga. Specious Newly Renovated 2 Bedroom With Two Full Washrooms Corner Unit. Better Then New.Lots Of Daylight. Kitchen With New Black Appliances, Granite Counter Tops,New Kitchen Cabinets And Double Sink. Laminate Flooring All Through Out.Large Living And Dinning Rooms.Master Bedroom With His/Her Closet And Organizers.On-Suite Bathroom With Shower. Second Bathroom With New Tiling And More.New Electrical Fixtures All Through-Out. Unit Is Rented With Parking And Locker.Monarchy Condos Are Minutes From Major Highways, Grocery Stores. Walking Distance To Sq1 And School.Good Amenities Such As Tennis Court,Sauna,Swimming Pool Etc. Maintenance incudes evrything (even cable TV) but hydro.

For Full Photo Tour Click 335 Webb Drive

Just Listed Condo Townhouse in Mississauga on 5050 Intrepid Drive

289,500

Just Listed. Garden Villa Condo Townhouse.Two Bedroom Upper Level Tivoli Model With Two Balconies.About 1200 S.F Of Living Space.Thousands $$ In Builder Upgrades.Main Level Features Large Living/Dinning Area With Dark Laminate Flooring.Upgraded Kitchen With Island, Breakfest Area,Dark Cabinets,Backsplash And Four Stainless Steel Appliances.Powder Room With Builder Ceramic Upgrades.Custom Blinds And Upgraded Electrical Fixtures Through Out.Upper Level Feature. Two Good Size Bedrooms. Two Full 4Pc Washrooms With Upgraded Tiling In Ensuite.Convenient 2nd Floor Laundry Room.The Garden Villa Complex Is Located Minutes From Hwy. 403,407,Erin Mills Town Centre.There Is Children Playground In Complex.

Fore Additional Photos Click 5050 Intrepid Drive Great Gulf Homes Townhouses

Teranet-National Bank National House Price Index Results

The housing market in Canada continues to be healthy with modest price increases, but according to the Teranet-National Bank national house price index, the rate of this increase has experienced a significant slowdown.

Released on Wednesday, October 27, the index reflected these findings across the country- a mixture of modest gains in price, compared with modest dips in price, essentially keeping prices fairly flat.

Representing the Western Markets, and bucking the trend of modest price gains, the Vancouver index showed a decline of0.4 per cent and the Calgary index was down 0.5 per cent. It was the second monthly decline in a row for Vancouver.

This balance between modest price gains and decreases is actually a healthy prop up for market prices overall. Says Shahrzad Mobasher Fard of TD Economics in a note to investors, ”If the recent trend of growth in existing home sales and decline in the supply of homes listed on the market is maintained, it should keep a floor under home prices going forward. Prospects for any acceleration in price growth is however, expected to be limited as factors such as the decelerating pace of the economy, high debt loads and weak growth in personal disposable income limit consumers' propensity to spend."According to the Teranet-National Bank national house price index,  August housing prices nationally were (% change m/m y/y):Vancouver -0.4 11.8,Calgary -0.5 5.0,Toronto 0.4 12.5,Halifax 0.9 6.8, Montreal 0.5 7.7 and Ottawa 0.4 10.7. In total the National composite was 0.2 10.4.

These numbers are significant because they reflect the smallest rise in prices since the index began its consecutive climb 16 months ago. Showing the smallest year-over-year price increase in six months, prices were 10.9% higher from August 2009.

Although indications are that the rate of price growth has slowed substantially, prices in the Canadian market still are robust and healthy when compared to our neighbors to the south. In Canada, compared to the pre-recession peak, housing prices are 6.6 per cent higher. However, as yet another symptom of a market in turmoil, prices in the United States are 29% lower than their peak four years ago.  This is one of many stark contrasts between the two markets.

Marc Pinsonneault, senior economist at National Bank Financial Group comments on what the market can expect to see in the near future:  "Looking ahead, prices are likely to fluctuate without tendency over the next few years. At the national level, current market conditions, close to the boundary between balanced market and buyers' market, herald a deceleration in home price deflation. Also, house prices are undoubtedly high, and affordability rests on historically low mortgage rates. People will realize that rates are due to go up sooner or later. When that happens, preference for renting instead of buying should increase."

Source: http://www.propertywire.ca/news/latest/539-teranet-national-bank-national-house-price-index-results.html

56% of people in Ontario incorrectly believe that the new HST applies to the cost of resale homes

Most recent Ontario Real Estate Association (OREA) shows that 56% of people in Ontario believe that the new HST applies to the cost of resale homes. This confusion means that many buyers think the cost of a resale home is tens of thousands of dollars higher than it actually is.”With the average resale home price sitting at $333,000 in Ontario, this means that many would expect to pay an additional $40,000 in sales tax if they bought a home at that value. The reality is that there is no HST collected on th full purchase price of a resale home. In fact the HST is only levied on the various transaction fees associated with the purchase of a home that has been previously occupied (i.e. not a newly-built home).
HST is not added to the selling price of your home.It  only applies to the services which are associated with selling of your home.  Before HST came into effect, seller would need to pay GST (5%) on commission, lawyer fees, etc.Now Seller needs to pay GST (13%) on commission, lawyer fees, etc.  THAT IS IT. AGAIN YOU DO NOT PAY HST on the top of the selling price of your home. Bottom line is that you the SELLER will net same money as before after selling your home less 7% difference paid for the services.
 HST does apply to buying new homes from the builder but only on does homes which value is OVER $400,000.
If you have additional questions just send me an email and i will be happy to answer your further questions.  If you are considering selling your property please let me know and i will be happy to show you what i can do for you to sell your home for top $$$$.

Condominiums first step to homeownership in most major centres, says RE/MAX

Mississauga, ON (November 1, 2010) - Given serious escalation in detached housing values, condominium apartments and towns have now emerged as the first step to homeownership, says RE/MAX Ontario-Atlantic Canada.
Affordability has fuelled buying activity across the board, according to the 2010 RE/MAX Condominium Report, highlighting trends and developments in eight Ontario markets and one in Nova Scotia. Condominiums now represent one in every three homes sold in the Greater Toronto Area; close to one in every four homes sold in Ottawa and Hamilton-Burlington; and almost one in every five homes sold in London, Kitchener-Waterloo, and Collingwood. The trend has translated into a solid upswing in unit sales activity, with 78 per cent of markets posting an increase in year-to-date sales (January - September 2010 vs. 2009)-with percentage gains outperforming overall residential sales in most markets examined.
"As one of few affordable housing options available to first-time buyers, the concept is poised for dramatic growth in years to come," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "The lifestyle has also gained a foothold with younger, hipper audiences, as the definition of homeownership evolves with the changing demographic. Dreams of the small home with a white picket fence are being replaced by the funky loft apartment in close proximity to shops, restaurants, and entertainment."