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also provides a great reminder to do such tasks as: replacing the batteries in your smoke detectors &/or discarding out of date medications.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/
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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.

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.

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

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.

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

Website: http://www.zeeniakola.com/
Facebook Link

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/

Facebook Link

October Price Growth Reflects Healthy Housing Market Conditions

Toronto, November 3, 2010 - Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. This represented a 21% decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to 75,582 – up 1% compared to the January through October period in 2009.

"The annual change in sales and average selling prices has been quite uniform across the GTA and by property type as the market has balanced out from record levels of sales in the second half of 2009 and first few months of 2010," said Toronto Real Estate Board (TREB) President Bill Johnston.

"The composition of GTA home sales does differ depending on location. Condominium apartments accounted for 42% of total sales in the City of Toronto and almost 60% of sales in TREB's central districts," Johnston continued. "In regions surrounding the City of Toronto, in contrast, low rise home types accounted for almost 90% of transactions."

The average price for October transactions was $443,729 – up 5% compared to the average of $423,559 reported in October 2009. The average selling price through the first nine months of the year was $430,802.

"The average selling price in the GTA has continued to grow relative to 2009 because home ownership has remained affordable," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis. "A household earning the average income in the GTA can comfortably afford the mortgage payments associated with the purchase of an average priced home."

The median price was $366,000 in October, from the $357,000 recorded during October of 2009.



For a detailed report for the month of October click here.

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

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For Further Information Contact:
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