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Real Estate Prices - Up or Down?

Monday Dec 4th, 2017

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Everyday I talk with current homeowners, interested buyers and sellers. The number one question is "Are prices going to go up or down in 2018", well if you know someone that can guarantee the answer to that please have that person contact me, I would love to hear how they can quarantee that.  Check out this chart Prices from 1971 to 2016 Here is a list of questions that I think most would be real estate buyers and sellers run over and over again in their head,... [read more]

How accurate are averages?

Friday Dec 1st, 2017

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Averages can be a little bit misleading, the median sale price is important. One low or high price sale can skew the numbers. Here are the October and November detached sales for Erin Mills and Clarkson, both great neighbourhoods in Mississauga.  Erin Mills October Sales 22 sales, average price $953,873.00, median price $847,500.00. Low sale $675,000.00. High sale $1,400,000.00. Erin Mills November Sales 19 sales, average price $1,028,289.00, median price $888,000.00. Low... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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