Greater Toronto REALTORS® Report May Resale Housing Market Figures TORONTO, June 3, 2011 – Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up 6% compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15% compared to last year.
“Positive economic news and low borrowing costs led to strong sales through the first five months of the year, including the increase in May,” said Toronto Real Estate Board President Bill Johnston. “At the same time, the market has become much tighter compared to last year, due to a substantial dip in new listings.”
Homes were on the market for an average of 23 days and sold for an average price of $485,520– up 9% compared to $446,593 in May 2010. The strongest rate of price growth was experienced for single-detached homes sold in the City of Toronto.
Jason Mercer, TREB's Senior Manager of Market Analysis also mentioned that in the past two to three months we have seen a clear-cut seller's market conditions emerge. Also the strong price appreciation that we have seen will hopefully prompt more households to sell their homes, resulting in a more balance market later this year.
Median Price
In May, the median price was $400,000, from the $376,750 recorded during May of 2010.
If you wish to get a detailed report by the Toronto Real Estate Board for the month of May, 2011 feel free to contact me and I will be happy to send it to you.
Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
Saturday, June 4, 2011
Thursday, June 2, 2011
Fun Things to do in Mississauga this weekend.
Hello everyone,
It's been quite busy these last few weeks but I just thought I'd post a quick update and remind everyone that we live in the beautiful and vibrant city of Mississauga. It's summer now and there's lots of stuff going on, so lets get out there and enjoy what the city has to offer. This weekend we have two very popular events taking place.
Carassauga Mississauga's Festival of Cultures : This festival is one of my personal favorites. It is one of the largest multi-cultural events that take place in Canada.It starts on Friday June 3rd, 2011 at 7:30 p.m. and goes on till Sunday June 5th, 2011.
In the past it has always been a wonderful experience with lots of food and entertainment to boot. This year there are 26 pavilions and 60 countries participating. It's just amazing to see just how multicultural Mississauga really is and this festival is a great way to experience it. I'll be attending this event on Sunday and will be there the whole day eating and drinking my way around the world.
Streetsville Bread and Honey Festival: Another great event is the Bread and Honey Festival in the historic Village of Streetsville. This event starts on Friday June 3rd at 4:00 p.m. and ends on Sunday June 5th, 2011. This event is filled with lots of goodies, entertainment, games and lots of fun for everyone in the family . Events for children include face painting and balloon sculptures amongst other things so make sure you bring them along as well.
In the end let's not kid ourselves though, the festival is all about feasting on the delicious Bread and Honey which is served once you enter the park. And you know what the best part is, it's all free.
Alright friends have a great weekend and looking forward to see you at one of the events. I know I'm going to have a great weekend although I'll probably regret it on Monday when i step on my bathroom scale. Still this is the stuff that memorable weekends are made of so get out there and enjoy yourselves. Oh and you might not catch me working this weekend as I will be at one of the places enjoying.
Till next time,
Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
It's been quite busy these last few weeks but I just thought I'd post a quick update and remind everyone that we live in the beautiful and vibrant city of Mississauga. It's summer now and there's lots of stuff going on, so lets get out there and enjoy what the city has to offer. This weekend we have two very popular events taking place.
Carassauga Mississauga's Festival of Cultures : This festival is one of my personal favorites. It is one of the largest multi-cultural events that take place in Canada.It starts on Friday June 3rd, 2011 at 7:30 p.m. and goes on till Sunday June 5th, 2011.
In the past it has always been a wonderful experience with lots of food and entertainment to boot. This year there are 26 pavilions and 60 countries participating. It's just amazing to see just how multicultural Mississauga really is and this festival is a great way to experience it. I'll be attending this event on Sunday and will be there the whole day eating and drinking my way around the world.
Streetsville Bread and Honey Festival: Another great event is the Bread and Honey Festival in the historic Village of Streetsville. This event starts on Friday June 3rd at 4:00 p.m. and ends on Sunday June 5th, 2011. This event is filled with lots of goodies, entertainment, games and lots of fun for everyone in the family . Events for children include face painting and balloon sculptures amongst other things so make sure you bring them along as well.
In the end let's not kid ourselves though, the festival is all about feasting on the delicious Bread and Honey which is served once you enter the park. And you know what the best part is, it's all free.
Alright friends have a great weekend and looking forward to see you at one of the events. I know I'm going to have a great weekend although I'll probably regret it on Monday when i step on my bathroom scale. Still this is the stuff that memorable weekends are made of so get out there and enjoy yourselves. Oh and you might not catch me working this weekend as I will be at one of the places enjoying.
Till next time,
Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
Saturday, March 12, 2011
Don't forget to turn your clocks ahead!
It's time to Spring Ahead! This is just a friendly reminder to turn your clocks ahead an hour this weekend. We will all welcome that extra hour of sunlight at the end of the day!
Why do we do this? There are many historical explanations out there for why we adjust our clocks twice a year, but the common threads to all of them are energy savings and extended daylight time for farming, sports, shopping and other activities. Daylight Saving Time also provides a great reminder to do such tasks as: replacing the batteries in your smoke detectors &/or discarding out of date medications.
Best wishes for a fresh start this spring from
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
Absolute Condos near Square One
As most of you might have seen the construction going on at Hurontario and Burnhamthorpe of two towers being built by Fernbrook. Here are some pictures and a little about the residential towers.
The Absolute Condos is a set of 5 residential towers in the City of Mississauga.Construction of three of the towers was completed by 2008. The last two blocks, Absolute Word 1 and Absolute World 2, are expected to be completed in 2011. The two towers are also known as the 'Condo Couple'. Absolute World 1 (as seen above) was nicknamed 'Marilyn Monroe' for its curvy, hourglass figure by smitten locals. The tower turns 180 degrees from the base to the top.
The design was so admired that the studio was commissioned to design a sister building, Absolute World 2, next door. Absolute World 2 (as seen above) or phase 5, the fifth tower of the project, will incorporate 50 storeys and be 150 metres high, boasting a total floor space of 40,000sq. metres.
However, unlike Absolute World 1, the second, more northern tower will be wider in the 'waist'.
Built by Ontario builders Fernbrook Homes in collaboration with Toronto developer Cityzen Development Group, Absolute Condos is a five-tower glass, concrete and steel luxury condominium complex in Mississauga, opposite the Square One shopping mall. The residential towers also has a 30,000sq.ft. private recreation centre.
The Absolute Condos is a set of 5 residential towers in the City of Mississauga.Construction of three of the towers was completed by 2008. The last two blocks, Absolute Word 1 and Absolute World 2, are expected to be completed in 2011. The two towers are also known as the 'Condo Couple'. Absolute World 1 (as seen above) was nicknamed 'Marilyn Monroe' for its curvy, hourglass figure by smitten locals. The tower turns 180 degrees from the base to the top.
The design was so admired that the studio was commissioned to design a sister building, Absolute World 2, next door. Absolute World 2 (as seen above) or phase 5, the fifth tower of the project, will incorporate 50 storeys and be 150 metres high, boasting a total floor space of 40,000sq. metres.
However, unlike Absolute World 1, the second, more northern tower will be wider in the 'waist'.
Built by Ontario builders Fernbrook Homes in collaboration with Toronto developer Cityzen Development Group, Absolute Condos is a five-tower glass, concrete and steel luxury condominium complex in Mississauga, opposite the Square One shopping mall. The residential towers also has a 30,000sq.ft. private recreation centre.
I have spotted the Towers from Erin Mills and Battleford area; Glen Erin and Folkway; 410 and Courtney Park. Where can you view it from?
I will also be uploading more pictures and information about the condos as an when I get a chance to click more pictures.
Stay Posted.
Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
Looking for a condo in Mississauga? I have been helping people find condos in Mississauga and will be happy to help you in your search for your perfect condo! I will find you the condo you have been dreaming of and within your budget.
Give me a call today, or fill out the online contact form and I will call you with information on any Mississauga condo you see on my site.
Tuesday, March 1, 2011
Great News: Bank of Canada maintains overnight rate target at 1 per cent!!
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1 1/% and the deposit rate is 3/4 %.
The global economic recovery is proceeding broadly in line with the Bank’s projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant source of uncertainty to the global outlook. Robust demand from emerging-market economies is driving the underlying strength in commodity prices, which could be further reinforced temporarily by supply shocks arising from recent geopolitical events.
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of the anticipated rebalancing of demand. While consumption growth remains strong, there are signs that household spending is moving more in line with the growth in household incomes. Business investment continues to expand rapidly as companies take advantage of stimulative financial conditions and respond to competitive imperatives. There is early evidence of a recovery in net exports, supported by stronger U.S. activity and global demand for commodities. However, the export sector continues to face considerable challenges from the cumulative effects of the persistent strength in the Canadian dollar and Canada’s poor relative productivity performance.
While global inflationary pressures are rising, inflation in Canada has been consistent with the Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the considerable slack in the economy.
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in an environment of significant excess supply in Canada. Any further reduction in monetary policy stimulus would need to be carefully considered.
Stay Posted: The next scheduled date for announcing the overnight rate target is 12 April,2011
Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
The global economic recovery is proceeding broadly in line with the Bank’s projection in its January Monetary Policy Report (MPR), although risks remain elevated. U.S. activity is solidifying and remains supported by stimulative fiscal and monetary policies. Ongoing challenges associated with sovereign and bank balance sheets will limit the pace of the European recovery and are a significant source of uncertainty to the global outlook. Robust demand from emerging-market economies is driving the underlying strength in commodity prices, which could be further reinforced temporarily by supply shocks arising from recent geopolitical events.
The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of the anticipated rebalancing of demand. While consumption growth remains strong, there are signs that household spending is moving more in line with the growth in household incomes. Business investment continues to expand rapidly as companies take advantage of stimulative financial conditions and respond to competitive imperatives. There is early evidence of a recovery in net exports, supported by stronger U.S. activity and global demand for commodities. However, the export sector continues to face considerable challenges from the cumulative effects of the persistent strength in the Canadian dollar and Canada’s poor relative productivity performance.
While global inflationary pressures are rising, inflation in Canada has been consistent with the Bank's expectations. Underlying pressures affecting prices remain subdued, reflecting the considerable slack in the economy.
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in an environment of significant excess supply in Canada. Any further reduction in monetary policy stimulus would need to be carefully considered.
Stay Posted: The next scheduled date for announcing the overnight rate target is 12 April,2011
Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Website: http://www.zeeniakola.com/
Facebook Link
Thursday, February 3, 2011
Monastery Bakery in Oakville
If you are driving to Oakville, you have to stop by the Monastery Bakery and Deli. Started in 1990 this bakery is located at 1133 Monastery Drive (intersection Dorval and Monastery) in the Monastery Plaza.
They serve freshly baked bread, pastries, cakes and a great selection of deli meats and cheese.
I went there last Saturday for the first time to try out their Bread and Cheese, but also ended up buying Foccacias, pizza and pastries.
They serve freshly baked bread, pastries, cakes and a great selection of deli meats and cheese.
I went there last Saturday for the first time to try out their Bread and Cheese, but also ended up buying Foccacias, pizza and pastries.
The place seemed to have an endless supply of every kind of bread you can imagine. I have been told their deli meats are mostly imported from Italy. There is a hot food takeout section which serves fresh pastas, chicken, pizzas and potatoes. The desert counter is filled with mouth-watering pastries, cookies, pies and cakes, the list is endless.
If you need company give me a shout and I will be there.
Warm Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
Wednesday, January 12, 2011
December 2010 Market Report from Toronto Real Estate Board
The average prices and the number of sales, once again, both were very strong last month. It was the Third Best Year for Existing Home Sales. TREB reported prices were up 9% in 2010 compared to 2009.
January 6, 2011 -- Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by 1% compared to 2009.
"Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term," said TREB President Bill Johnston.
"New Federal Government-mandated mortgage lending guidelines, higher borrowing costs and misconceptions about the HST caused a pause in home buying in the summer. As it became clear that the HST was not applicable to the sale price of an existing home and buyers realized that home ownership remained affordable, market conditions improved," continued Johnston.
The average home selling price in 2010 was $431,463 – up 9% in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was five per cent.
"At the outset of 2010, we were experiencing annual rates of price growth at or near 20 per cent. This was the result of extremely tight market conditions coupled with the fact that we were comparing prices to the trough of the recession at the beginning of 2009," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"Balanced market conditions in the second half of 2010 resulted in more moderate home price appreciation," continued Mercer. "Expect the average selling price to grow at or below five per cent in 2011. With this type of growth, mortgage carrying costs for the average priced home in the GTA will remain affordable for a household earning an average income."
Median Price
In December, the median price was $355,000, from the $349,000 recorded during December of 2009.
Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
website: http://www.zeeniakola.com/
January 6, 2011 -- Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by 1% compared to 2009.
"Market conditions were anything but uniform in 2010. We went from super-charged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term," said TREB President Bill Johnston.
"New Federal Government-mandated mortgage lending guidelines, higher borrowing costs and misconceptions about the HST caused a pause in home buying in the summer. As it became clear that the HST was not applicable to the sale price of an existing home and buyers realized that home ownership remained affordable, market conditions improved," continued Johnston.
The average home selling price in 2010 was $431,463 – up 9% in comparison to the 2009 average selling price of $395,460. In December, the average annual rate of price growth was five per cent.
"At the outset of 2010, we were experiencing annual rates of price growth at or near 20 per cent. This was the result of extremely tight market conditions coupled with the fact that we were comparing prices to the trough of the recession at the beginning of 2009," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"Balanced market conditions in the second half of 2010 resulted in more moderate home price appreciation," continued Mercer. "Expect the average selling price to grow at or below five per cent in 2011. With this type of growth, mortgage carrying costs for the average priced home in the GTA will remain affordable for a household earning an average income."
Median Price
In December, the median price was $355,000, from the $349,000 recorded during December of 2009.
Regards,
Zeenia Kola
Sales Representative with Re/Max Realty Specialists Inc., Brokerage
Email: zeenia@zeeniakola.com
Ph: 905-828-3434
Add: 2691 Credit Valley Rd, #101, Mississauga, L5M 7A1
website: http://www.zeeniakola.com/
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