Your real estate agent in Mississauga
January 16th, 2018 
Randy Selzer
Sales Representative

Sutton Group Summit Realty Inc., Brokerage

office:905-897-9555
cell:416-433-3556
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Mississauga MLS Listings

MLS LISTINGS BY NEIGHBORHOOD including SQUARE ONE CONDOS

Mississauga Mansion with pool

Find Real Estate

Search MLS Mississauga if you are looking for home or condo listings in Cooksville, Mineola, Lakeview, Fairview, Erin Mills, Port Credit, Lorne Park, Clarkson, or any other Mississauga community. This site brings you data from the multiple listing service - homes, townhomes, and condos for sale, but better than mls.ca or realtor.ca -  we make it easier for you. By custom creating preset searches for the areas you desire, you are now able to zero in directly on those areas, without having to sort through 100's of listings that are in the wrong location. So check out all the houses for sale in Mississauga, try our free search now! Just click the link, and find the real estate listings you want..

MLS MISSISSAUGA ***** SQUARE ONE CONDO LISTINGS

Randy Selzer

Mississauga Real Estate Agent


First of all, thank you for visiting, and welcome to my site! I am Randy Selzer, a real estate agent in Mississauga, an experienced salesperson, and I hang my hat at Sutton Group - Summit Realty Inc., brokerage. A few things about me: it's been my honor to help a long list of valued clients buy and sell condos and homes with award winning service in residential real estate since 1993. I was born and raised in Regina, Sask., and later moved to the Toronto area, subsequently living in Toronto, Mississauga, and Oakville. My mission as a realtor is to provide you with the absolute best, value-packed service, whether you are a buyer or a seller, utilizing my many years of experience combined with the most cutting edge and effective technology, all the while maintaining an unwavering commitment to Best Practices in Real Estate. If you are planning to buy a home in Mississauga, find out all the services you would receive by choosing me as your real estate agent here. If you are planning to sell your Mississauga home, check here. Reach me at rselzer@sutton.com or telephone 416-433-3556.

Get valuable tips on real estate via my free monthly newsletter-subscribe here:subscribe button small green Thanks again for stopping by! Map

Remodeling and Home Design

 

2018 Real Estate Market Outlook

Will it crash, or will it survive? 

Toronto skyline night

It's been a wild ride for the real estate market in the Greater Toronto Area in 2017, with government intervention being the biggest influence. 

The year started off with a very strong first quarter, where multiple offers were commonplace, and prices were going through the roof. Alarmed by all this exuberance, the Ontario government came out with its Fair Housing initiative in April 2017, which was a 16 point plan to cool off the market. This plan included measures such as a 15% foreign buyer tax, and it had its intended effect. The market cooled.

Adding to the mix, the federal government did its best to reign in the market by raising interest rates twice, and then, at year's end, by implementing a banking "stress test" which made qualifying for a mortgage more difficult by a factor of about 20%. 

End result? We have a tale of two markets in 2017 - the first four months of the year, when things were booming, and the last eight months of the year, where they were not. 

Some year end MLS statistics, as provided by the Toronto Real Estate Board (TREB): 

GTA

 - total 2017 real estate sales: 92,394, down 18.3% from 2016

 - average selling price for all types of property: $822,681, which is up 12.7% from 2016

 - TREB's composite benchmark price index: up 7.2% from 2016

 - average selling price for a detached house: $989,870 (down 2.5%)

 - average selling price for a condo apartment: $503,968 (up 14.4%) 

MISSISSAUGA

 - yearly average selling price all types: $721,952

 - December average selling price for detached: $1,140,965

 - December average selling price for condo apartment: $401,024

 

So where are we headed? Will the boom continue, or will the housing market crash?

Our federal and provincial governments are doing their best to cool off the market, and it seems to be working. They have attacked the "demand" side of the supply/demand imbalance, rather than finding ways to increase the supply. As we look at 2018, there will be a tug of war between these government initiatives to kill demand, and the underlying fundamentals of the market, which remain positive.  

FUNDAMENTALS

We must not forget that the fundamentals which have been driving our local real estate market are still in place. They are:

1.) low interest rates *though rising, still low by historic standards*

2.) excellent economic performance of GTA economy, which has been a powerhouse for creating high paying jobs

3.) continuing massive immigration into the region  

LOOKING AHEAD

The biggest problem will be affordability during the coming year. The new banking stress test will force many people out of the market for more expensive properties. Based on this and other factors, we believe that there will be only modest increases in prices for detached homes in 2018. Due to their lower price point and relative affordability, we are predicting continuing strength and price gains in the condo market.

So here's to 2018! We continue to monitor the Toronto and Mississauga real estate market on a daily basis, and look forward to another relatively good year going forward.

And here is the most recent monthly update, as provided by the Toronto Real Estate Board:

 

Your Real Estate Agent in Mississauga

There is a process that everyone goes through when choosing an agent to sell their home or condo.What are some of the qualities to look for when interviewing a real estate agent?

  • How long have you been in the business?
  • Are you a full time realtor?
  • Are you a member of the Mississauga Real Estate Board?
  • How many homes do you typically sell in a year?
  • What is the average time frame that it takes you to sell a home?
  • Do you specialize in any areas?
  • What will you do to market my home?
  • Do you have a specific plan to get the house or condo sold?
  • What sort of internet presence do you have?
  • Do you have references?
  • Do you use social media when marketing a home?
  • What is the extent of your presence on the web?
  • What sort of experience do you have in negotiating contracts?

And much, much more! These are just a few of the important qualities to consider when enstrusting someone to sell what is probably your most important asset. Find out much more about the Randy Selzer selling team here

How to Win Multiple Offers - Bidding Wars

 

Wondering how to purchase property in Toronto? Multiple Offers and Bidding Wars have become a fact of life when buying a resale home or condo in the Greater Toronto Real Estate market, and have indeed become commonplace in many of Canada's major cities. Stories of homes selling for $50,000, $70,000, and even $100,000 over the asking price are no longer found just in downtown Toronto and Vancouver, with bidding wars happening also in suburban areas such as Mississauga, Oakville, and Richmond Hill. Are you wondering, what is a "Bully" Offer? If you are a Buyer, how can you increase your chances of winning when forced to bid against others? If you are a seller, what are the bidding war rules? This article is based on real-world experience in buying and selling many homes in the Greater Toronto Area, and although the terms and procedures reflect the Canadian real estate system, the house bidding strategy we teach can apply anywhere where there are multiple offers and real estate bidding wars. How toWin Multiple Offers & Bidding Wars

How to Stage a House for Cheap

24 EXPERT STAGING TIPS

 


Stage Your House - Created with Haiku Deck, presentation software that inspires

 

The first step in preparing for the sale of your home is to prepare it so that it shows at its very best. The real estate industry has proven in many studies that professionally staged homes sell faster, and sometimes for more money, than those homes which have not been prepared for sale...Here are 24 Professional Home Staging Tips that you can do yourself, for little or no money. These techniques can help you to increase your home's likelihood of selling, how quickly it sells, and the dollar amount that you get.

1.) FIX SMALL NEEDED REPAIRS

Any small deficiencies can damage the attractiveness of your home to the potential buyer. A leaking bathroom faucet, a door bell that doesn't work, or peeling paint in the kitchen may seem like minor problems, but these minor problems can cause the buyer to think that there may be bigger problems that are hidden. That is why these small issues  should be either fixed, covered over, or replaced. Any signs of owner neglect must be done away with. These items are easy to overlook, so make sure you inspect your home thoroughly with an impartial eye. The best thing about these small repairs is that they are relatively inexpensive, and often you can do them yourself in very little time. Read more on how to stage a house...

Oakville, Ontario School Rankings

The Fraser Institute's Report Card on Ontario Schools provides Oakville parents an idea of where their children's school ranks against the rest.

The Report, released in 2008, ranks all schools in Ontario based on their results in the Education Quality and Accountability Office (EQAO) standardized tests. A score out of 10 is given and compared to previous years' scores as well as previous years' rankings. Oakville School Rankings

Luxury Homes

Most Expensive Neighborhoods in Mississauga

Have you ever wondered what are the most expensive neighborhoods in Mississauga, Ontario? Have you been dreaming about luxury real estate, and do you spend your time comparing mansions for sale in the Greater Toronto Area? Well here you can find some of the best and most luxurious. Mississauga has grown from a sleepy collection of small towns to a vibrant metropolis of over 730,000 residents - a large city in itself and yet also Toronto's western suburb. Even though Mississauga is usually viewed as a middle class or upper middle class area, there are also many pockets of extreme wealth sprinkled throughout the city. So here are the luxury homes for sale, and the best areas: Mississauga most expensive neighborhoods

Marilyn Monroe Condo

Absolute World Towers

have redefined the Mississauga Skyline

The "Marilyn Monroe" condos, as they are popularly known today, can trace their origins back to November 28, 2006, when at annual Mississauga Urban Design Awards, Mayor Hazel McCallion announced that an international competition would be held for the design of the 4th tower at the Absolute World Mississauga condo development. Located at the north-east corner of Burnhamthorpe Rd. and Hurontario St. in Mississauga, the 3 previous buildings in the Absolute project had already been successfully sold to the public, with tradional designs, but it was felt that something special was needed for the landmark 4th tower, which was planned to be as high as 56 storeys.  More on the Marilyn Monroe condos

Here is an easy Mortgage and Ontario Land Transfer Tax Calculator....just enter in your information, and let the computer calculate for you! When determining tax, enter either Ontario or Ontario (Toronto) for the appropriate tax, and remember to indicate if you are a first time buyer. Remember that as a first time buyer, the maximum credit for Ontario Land Transfer Tax is $2000.00, and any tax above that amount is still due and payable....in addition to the provincial tax, if you live in the City of Toronto, there is an additional municipal land transfer tax payable....

Mortgage and Land Transfer Tax Calculator

When buying a home in Ontario, It's important to know the closing costs. Whether you are a first time buyer, or an experienced investor, here is a comprehensive list of what to expect - what to plan for including lawyers' fees, land transfer tax, home inspections, and more...

Find Randy

Dropping by in person?

You can find my office at Sutton Group Summit Realty Inc., Brokerage, where I am a licensed salesperson. Each office is independently owned and operated.

Randy Selzer

1100 Burnhamthorpe Rd W

Mississauga, ON L5C 4G4

416-433-3556 direct line

 You can check out the Randy Selzer Google Business Page by clicking on the link..

 

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