Your Real Estate Agent in Mississauga

Testimonials

Randy’s 24 plus years of experience helped us purchase our dream home. In addition he is also just sold our current home in record time! His guidance and market expertise has enabled the selling of our home as a very positive experience. We enjoyed working with Randy and would highly recommend him as a real estate agent.

Rose G. & Louis P., Burlington ON

Working with Randy was such a pleasure. He helped us find a beautiful condo for our daughter. He knows the market and the Mississauga area very well. He was always on time to our appointments, he always returns our calls or emails very quickly. We will not hesitate to work with him in the future and highly recommend him.

Anna M., Georgetown ON

Worked with Randy to both sell and purchase property. Randy was always very patient, accommodating and went the extra mile to ensure satisfaction. He is very experienced, honest and was both willing to listen and to provide advice. If/when I need to buy/sell property again, I will definitely call Randy first.

Rob D., Toronto, ON

Mississauga MLS Listings

Search MLS Mississauga if you are looking for home or condo listings in Applewood, Churchill Meadows, City Centre, Clarkson, Cooksville, Creditview, Dixie, East Credit, Erin Mills, Erindale, Fairview, Lakeview, Lisgar, Lorne Park, Malton, Meadowvale, Meadowvale Village, Mineola, Mississauga, Valleys, Port Credit, Rathwood, Sheridan, Streetsville, or any other Mississauga community.

Oakville MLS Listings

Search MLS Oakville if you are looking for house or condo listings in Bronte East, Bronte West, Clearview, College Park, Eastlake, Glen Abbey, Iroquois Ridge North, Iroquois Ridge South, Old Oakville, Palermo West, River Oaks, Rural Oakville, or West Oak Trails.

Check out the latest the houses and condos for sale in both Mississauga, and Oakville. Find the real estate listings you want, from Square One condo apartments to Bronte Harbour luxury homes.

Mississauga Mansion
Mississauga luxury homes

Best Real Estate Service for Buyers, Sellers, and Investors

First of all, thank you for visiting, and welcome to my site! A few things about me:

  • Randy Selzer, professional realtor since 1993
  • Salesperson at Sutton Group – Summit Realty Inc., brokerage
  • Platinum award winner 2021
  • helping buyers, sellers, and investors with residential real estate
  • serving the Greater Toronto Area, with a special focus on Mississauga and Oakville

Frequently Asked Questions

Request an appointment with Randy by calling or texting 416-433-3556

Randy works throughout the Greater Toronto Area, with a special focus on Mississauga and Oakville.

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2022 – A Year of Reckoning?

The Real Estate Market in 2022

2022 has turned out to be a dramatic year for real estate. From the heady days of January and February, when the market continued its winning ways, we are now in a downturn. How did this happen?

Much of the crazy market activity over the last couple of years stemmed from the ultra-low interest rates that were prevalent, worldwide, as governments attempted to mitigate the effects of the Covid-19 pandemic.

Here in Canada, homebuyers were able to get mortgage loans at rates that were the lowest in history. That fueled a boom in real estate that averaged a 25% increase in prices, every year, for a period of several years.

Then 2022 came along. When the low rates finally resulted in a rise in overall inflation, governments everywhere decided to act. Interest rates started going up in March of this year, and they have continued to rise dramatically to the present day. More increases are expected in the fall.

Concurrently, real estate activity cooled, and by midyear, slowed to a crawl. In July, sales were down 47% from the number of sales in July, 2021. Prices have also dropped, in some areas by nearly 25%. So what are we to make of it?

downtown Toronto
photo courtesy of RE/MAX Ontario-Atlantic

Market Fundamentals

We must not lose sight of the three fundamentals that drove our local real estate market in the decades-long boom leading up to today:

  • 1.) ultra-low interest rates
  • 2.) excellent economic performance of the GTA economy, which has been a powerhouse for creating high paying jobs
  • 3.) continuing massive immigration into the region

Interest rates are the big story here. The Bank of Canada has increased their “overnight” rate from nearly zero to currently 2.5%. Mortgage rates have followed suit.

In August of 2022, current variable rate mortgages are near to 4%, up from 2% a year ago, and 5 year fixed mortgages have been increased from about 4% to about 5%. So there is a big increase in borrowing costs for consumers.

Our local economy is a complex story. While certain sectors were hammered over the last two and a half years from the Covid pandemic (the travel industry, restaurants, entertainment venues, and so on), many other sectors have been booming. Today, most sectors of the economy have recovered. There are actually labor shortages, with help wanted signs to be found everywhere. The Greater Toronto Area is a happening place.

As for immigration, the current federal government has indicated that the doors to Canada will remain open, with the targeted goal of allowing 410,000 new immigrants to enter Canada during 2022. We know that, historically, at least half of these new residents will settle in the GTA, creating further demand for housing in our local real estate market. We are experiencing a massive shortage of housing supply that is not meeting the demand.

Toronto Real Estate Market Looking Ahead

Randy Selzer real estate agent

It’s looking like 2022 will be the pivot point for the Greater Toronto Area real estate market.

After a boom of many years, house and condo prices are in a downtrend. Sales are much slower than they were only months ago. We are in a new world as far as real estate goes.

2022 is bringing massive challenges to the real estate market, but there is underlying strength in the fundamentals. What has changed is the interest rate environment.

There is always some risk investing in any asset class, but we believe there is a very strong case for real estate being a terrific investment long term. We will continue to monitor the Toronto and Mississauga real estate markets on a daily basis, and will keep you posted on changes.

How to Stage Your Home for Sale

Every experienced real estate agent knows that 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. How to stage your home yourself.

Oakville and Mississauga School Rankings

The Fraser Institute’s Report Card on Ontario Schools provides parents an idea of where their children’s school ranks against the rest. The Report, updated in 2019, 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. On our site you can access both Oakville school rankings, and Mississauga school rankings.

Luxury Homes 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.

Square One Condos

Mississauga has a large assortment of highrise condos near the Square One Shopping Centre. From midrise units to ultra highrise landmarks, there is a wide variety of buildings to choose from. We evaluate many of these condominiums, including price, amenities, location, transit, and more. Check out our detailed info on condos near Square One.

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. 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? How to Win Multiple Offers & Bidding Wars

Real Estate Closing Costs in Ontario

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. Real estate closing costs.

Dropping by in person?

You can find my office at Sutton Group Summit Realty Inc., Brokerage, where I am a licensed salesperson. Call today and let me show you how we can serve you better, from our real estate office in Streetsville, serving all of Mississauga, Oakville, and the Greater Toronto Area. Each office is independently owned and operated.

Randy Selzer – Real Estate Agent
33 Pearl St
Mississauga, ON L5M 1X1
416-433-3556 direct line

Mon-Fri – 9:00am – 9:00pm
Sat – 9:00am – 5:00pm
Sun – 10:00am – 4:00pm

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