Nov 2010 Watercolours Update

Watercolours in Mississauga is located at Indian Road and Mississauga Road. Visitors are greeted with a stone gate marking the almost gated community thru only two entries via Cobalt and Infinity St(s).

Quality upscale Mattamy built homes ranging from 3700 to 5000 + square feet are arranged on 50 to 75 foot lots. The Majority are freehold owned detached properties. The addition of smaller private roads and the concept of condominium type detached home ownership has finally arrived. These detached bungalows are condominium ownership, with all the exterior issues at your control. Vacation safely as a snowbird knowing that your home appears occupied, plowed, showed, windows washed and attended.

Here is a list of the activity in this prestigious neighbourhood during the month of November 2010. I will be updating this list on a regular basis, so please feel free to come back several times and see what's new.

Click here to view Properties of Interest

My web site is a sought after resource for the weekly postings of available Watercolours properties. By accessing Betty's Pic of the Week and signing up for the instantly downloadable report, you can receive up to date information of some of the homes that are available in this elegant community.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
Fine Homes In Nine Oh Five
Office: 905-828-3434
Direct: 416-427-1875
Email: betty@bettybart.com
Web Site: http://www.bettybart.com

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PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL INTRODUCTIONS ARE GREATLY APPRECIATED

this is not intended to solicit buyers or sellers under brokerage contract

My First Raptor Game of The Season

Well, I finally went to my first Raptor game the other night. I took a few hours off and my hubby and I went on a date!! I knew what I was getting into as the Toronto Raptors do not have a great record this year, and most nay-sayers are predicting even a worse season than when they started.

I was more disappointed with the condition of the centre. Hubby is very fortunate to score a couple of seats at least to one game a season. (In previous years, one of the kids went with him). I remember going and the place at least looked clean. I looked at the condition of the seats and they are well worn and torn. There was garbage on the floors - peanut shells, empty cups, etc. I was under the assumption that this place got, at the very least, swept after every game. I guess when you assume.... The number of fans was not great. Taking a walk at half time used to be a chore. But, you would bump into people you don't see very often. Most are fans of the game, as we are. This time, however, we walked freely. There were NO lines for beer drinkers (I don't think it's because there were no drinkers there).

The Raptors lost :( That's okay. We did enjoy a lively attempt at a comeback in the fourth quarter. We left with about 45 seconds remaining in the game. We didn't want to fight the 'BIG' crowds leaving.

I'm looking forward to the next game.

Betty Bartusevicius
Fine Homes in 905

Bank of Canada Says...

The last couple of days I've been getting a lot of updates about the slowdown of the housing market and interest rates. I read the Toronto Star every morning and I have done so for years. My my hubbie got me into it. Guess what I saw, big headlines about "NO BUBBLE BREWING" by Tony Wong. The article goes on to explain why - Canadians have binged on low interest rates, pushing up prices to levels that are now moderately overvalued. Average housing prices are about 11% overvalued, but the market is not experiencing a bubble and is unlikely to suffer a US style collapse. After doubling in the past decade, prices are now adjusting lower in response to less demand and higher household debt."

I was very glad to hear this. I have been seeing extremely low inventory numbers in the past few weeks. My buyers are asking about listings. Some sell quickly, some sit on the market for a longer period of time.

Now, I would like to share Kristian Harris' article from the Globe and Mail. Also very interesting. Enjoy the read:

Carney Remains Positive About Housing

Bank of Canada Governor Mark Carney is still concerned that home prices could
drop more sharply than expected and exacerbate the growing debt burden of many
households –but he doesn’t see it as very likely.

Speaking to the House of Commons finance committee Tuesday, Mr. Carney said the
slowdown in housing is unfolding as the central bank expected it would, given the
tighter mortgage rules brought in by the Finance Department earlier this year and the
fact more Canadians are retrenching after spending and borrowing with abandon amid
record-low interest rates.

Still, he warned, a quicker, less measured drop is a possibility. Should that happen, it would almost certainly mean Canada would see slower economic growth than Mr. Carney’s latest forecasts, which included downgrades for five consecutive quarters.

“One of the important downside risks to our projection is the possibility that there is a more abrupt correction in the housing market than we’re anticipating,” Mr. Carney told lawmakers at the panel hearing in Ottawa. “We’re not forecasting an abrupt correction, but it is a possibility, given two factors: the speed with which house prices rose and, secondly, the absolute weight of debt in the economy that is tied to housing.”

The Bank of Canada’s benchmark interest rate could remain at the current 1 per cent
for several months, as policy makers wait for the crucial U.S. economy to start
improving before raising borrowing costs on this side of the border.

Raising Canadian rates while the U.S. Federal Reserve is still on hold could send
investors who want higher yields to currencies like the loonie, making life harder for exporters.

Mr. Carney told the parliamentary panel that if sudden moves in Canada’s exchange
rate with the U.S. dollar or ``persistent strength’ ’in the loonie got to the point that they posed a serious risk to the economy, he and the federal government ``maintain considerable options’ ’to get the situation under control ``if that is necessary.”

Source: Globe and Mail

Now you have a choice. Two opinions from 2 separate sources. Thank you Kristian Harris, Monster Mortgage for keeping me abreast with news about the housing market. If you have any questions or would like to discuss your most precious investment, give me a call directly at 416 427 1875.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
OFFICE: 905 828 3434
DIRECTLY: 416 427 1875
EMAIL: betty@bettybart.com
WEB SITE: bettybart.com
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Watercolors by Mattamy in Lorne Park

Watercolours in Mississauga is located at Indian Road and Mississauga Road. Visitors are greeted with a stone gate marking the almost gated community thru only two entries via Cobalt and Infinity St(s).

Quality upscale Mattamy built homes ranging from 3700 to 5000 + square feet are arranged on 50 to 75 foot lots. The Majority are freehold owned Detached properties. The addition of smaller Private Roads and the concept of condominium type detached home ownership has finally arrived and is very attractive to occassional residents.

In the streets of condominium bungalofts located in this prestigious neighbourhood, not many of these homes come on the market very often. When they do, they are snapped up very quickly.

Yet you are only minutes from the night life of the downtown core of Toronto or Mississauga for a dinner and a show. Located near the intersection of Mississauga Road and Indian Road you are nestled into a charming established neighbourhood.
What could be better? A roaring fire!

For additional information, please click here for updated homes for sale in this elegant community. It would be my privilege for me to discuss the beautiful community of Lorne Park.

Betty Bartusevicius, Sales Representative
REMAX Realty Specialists Inc., Brokerage
OFFICE: 905 828 3434
CELL: 416 427 1875
EMAIL: betty@bettybart.com
WEB SITE: www.bettybart.com
FINE HOMES IN NINE OF FIVE

Proudly serving the communities of Lorne Park, Sheridan Homelands, Churchill Meadows, Mississauga Homes, Luxury Properties in Oakville and Waterfront, and Condos. Looking forward to assisting you when selling your property or buying that Dream Home in Mississauga and Oakville.

not intended to solicit buyers or sellers under brokerage contract

Closing Cost Calculator

With all the buyers and sellers that I meet on a daily basis, I often have the same questions, "What are the closing costs?" Sellers want to know what their financial responsibilities are, as do buyers. I try to inform all that I meet to the best of my ability. Well now, with assistance, I have on my web site a calculator that will give you the most important costs. With a click of a button, you can select the best answer that suits your situation, and sit back and relax. This calculator does the work for you.

Click here for your access.

Thank you to Stanley Gelman, Q.C. for this information. Discuss with Stanley Gelman about rebates, and any other real estate legal questions that you might have. The fees quoted are for a normal residential purchase transaction up to $550,000. Additional Fees May Apply Purchase Mortgage $300 Title Insurance $250 - $350 (Relates to Purchase Price) Disbursements Searches Courier etc +/- $300.00 Rebates may vary; previous ownership and marital status. For additional information, please contact Stan Gelman at (905) 270-5110 or email Stanley Gelman, Q.C. (sgelman.sglaw@rogers.com)

As you start reading the documents that will be presented, I will inform you that I am a real estate agent, and that I will always suggest that you consult a lawyer if you have any legal questions. I would suggest contacting a specialists regarding mortgages, inspections, etc.

I hope that this is helpful. Remember, I try to provide you with as much helpful information to guide you through the real estate process. No pressure tactics, just honesty and professionalism.

Do you have any questions about the elegant neighbourhood of Lorne Park, Mississauga Real Estate, or prestigious Oakville Real Estate? Give me a call directly at 416 427 1875 or email me at betty@bettybart.com.

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
905 828 3434
416 427 1875
Fine Homes in Nine Oh Five