misc news from the mississauga real estate pro: What the Newspaper did not tell you about the Real Estate Market In Mississauga - 05/18/08 09:23 PM
If you have been following the news for the last few weeks in Mississauga and other areas of the GTA, some reporters are reporting that the real estate market "bubble" has burst. Those of us in the trenches on a daily basis are not seeing any declining trends as reported by most newspapers. A real estate bubble is defined in wikipedia as "a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels relative to incomes and other economic … (2 comments)

misc news from the mississauga real estate pro: Here we “Grow” Again – Building Boom in Mississauga Real Estate - 02/21/08 08:33 PM
Although Mississauga is running low on new lands for development, for the 11th consecutive year, the City of Mississauga has exceeded the $1-billion mark in the value of building permits issued  According to the December year-end Building Report, the City issued a total of 4,571 building permits in 2007, exceeding the 2006 year-end total by 6.5 per cent. The City's building statistics show a nine per cent increase in residential construction value over last year and a five per cent increase in construction value for churches/schools and public/city development.
"In Mississauga, our 57 to 43 per cent split between residential and commercial/industrial … (1 comments)

misc news from the mississauga real estate pro: 10 Things You Should Know About Buying A Home In The Mississauga Area - 11/20/07 08:22 PM
Before You Look At Another House, There Are 10 Things You Should Know About Buying a Home In the Mississauga Area If you don't, it could cost you thousands of dollars! These 10 things will be covered in a hard-hitting, compact, 2-hour Home Buyers Class designed to answer questions you have about buying a home.
Discover the key answers to these questions... and more:
1. How can I avoid the 7 nasty traps lying in wait for today's home buyers? 2. How can I access up to $10,000 from Ottawa to help with my first-time purchase? 3. What hidden closing costs … (3 comments)

misc news from the mississauga real estate pro: Interest rates remain the same - 10/17/07 01:39 PM
As expected, there was no change in prime at the Bank of Canada announcement this morning because tighter credit conditions and the high currency is sucking the steam out of the Canadian economy.
According to the Central Bank, the economy is operating in overdrive but it predicts this trend won't last for long.Even though the U.S. lowered their rate last month by .5%, the Canadian economy is vastly different from that our neighbours to the south of the border.
Tighter global credit conditions have had little effect on domestic demand in Canada. But the combined effect of a weaker U.S. outlook and a … (0 comments)

 
Gail Reeves Reid (Re/Max Realty Specialists)

Gail Reeves Reid

Mississauga, ON

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