From our families to yours– we wish you all a happy holiday season with much success in 2020!
December, 2019 -- Toronto Real Estate Board reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in detached houses led the way. The average selling price increased by 7.1 per cent year-over-year to $843,637.
New listings entered into TREB’s MLS® System in November were down 17.9% year-over-year and active listings down 27.2%.
Mississauga has fared very well in 2019 ending up the month with a 16% increase in unit sales and an 8% increase in average price. Active listings are down 38% and we have definitely seen a shift towards a sellers market. We can attribute this to strong population growth in the GTA coupled with declining mortgage rates. “We predict the 2020 real estate market will be stronger than the previous 2 years” says Kevin Larose from The Larose Team.
“We expect home prices to continue to grow at a healthy pace next year despite some economic hurdles” says Kevin. Interest rates are looking like they will remain stable– you can get a 5 year fixed mortgage as low as 2.54% right now. Contact us if you want more information.
Prices have been rising over the past 6 months - rebounding primarily due to lower interest rates and increased demand. The GTA including Mississauga continues to see a large share of the immigrant population wanting to move here. Over 75% of these new immigrant families come with savings to purchase a home and as a result we expect home prices to continue to rise.
The Larose Team are proud to announce we will celebrate 20 years in business in 2020! We thank you for your continued support and look forward to helping you and your family with your real estate needs in the near future.
A social enterprise with a great cause
Each year our annual holiday card is one of a variety of festive cards with original art lovingly-designed by employees from Options Mississauga, a not-for-profit charity in Port Credit.
Their mission is to hire individuals with intellectual disabilities in order to help build their skills and provide meaningful employment in the community. It is an exciting and unique model with proven success – over 25 years in business!
Please Visit Options at 113 Lakeshore Rd. W, Mississauga – Donate at www.optionsmississauga.com
There are a multitude of factors that we take into consideration when estimating your home’s value, and no two reports are the same.
We take a look at your address- which allows us to see how much neighbouring homes have sold for and the desirability of the neighbourhood you live in.
We analyze the unique features of your home and compare them to those listed and sold in the surrounding geographical area.
None of our home value reports run on an algorithm, and this information isn’t available to us or you at the push of a button. Request your home’s accurate value report today!
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