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

MLS LISTINGS BY NEIGHBORHOOD including SQUARE ONE CONDOS

Mississauga Mansion

Find The Real Estate You Want

Search MLS Mississauga if you are looking for home or condo listings in Cooksville, Streetsville, Mineola, Lakeview, Fairview, Erin Mills, Port Credit, Lorne Park, Clarkson, or any other Mississauga community.

This site brings you agency 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.

Check out:

Houses and condos for sale in Mississauga

Houses and condos for sale in Oakville

Find the real estate listings you want, from Square One condo apartments to Bronte Harbour luxury homes.

 

First of all, thank you for visiting, and welcome to my site! My name is Randy Selzer, and I am a real estate agent in Mississauga.

My designation is 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 the residential real estate business 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, #1 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 the code of ethics and best practices in real estate.

If you are planning to buy a home, find out all the services you would receive by choosing me as your real estate agent in Mississauga.

If you are planning to sell your Mississauga home, you’ve come to the right place. Reach me at rselzer@sutton.com or telephone 416-433-3556

FREE NEWSLETTER: Stay Up to Date! Get valuable insights on the real estate market in the Greater Toronto Area via my free monthly newsletter. Subscribe here: Subscribe   

houzz Randy Selzer

2023 Market Update

Rising Interest Rates and Toronto Real Estate

downtown Toronto

 

image courtesy of REMAX Canada

2022 ended up being a tumultuous year. What started out as a continuation of the great boom came to a screeching halt in early March. The Bank of Canada, along with many other central banks in the world, decided that inflation was a problem, and they began an aggressive series of interest rate hikes.

We experienced a total of 7 interest rate hikes throughout the year. The “overnight” rate, which is the fundamental rate that all other rates, including mortgage rates, are based on, went from a low of 0.25% to the current 4.25%.

This had a profound effect on the Canadian real estate market.

Across Canada, real estate sales plummeted, especially in the higher priced markets of Vancouver and Toronto.

Here in the GTA, at the end of 2022, sales are down about 50% year-over-year.

So what happend with prices?

Prices have dropped as well. Depending on the market and type of property, anywhere from 15% to nearly 30% in some areas. The only thing which has prevented a bigger drop is the lack of houses and condos for sale.

Many people decided to pull their homes off the market, waiting for things to improve.

But will they improve in 2023?

 

FUNDAMENTALS

We must not forget that there are three fundamentals that drove our local real estate market in the decades-long boom that we have been enjoying:

1.) ultra-low interest rates

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

3.) continuing massive immigration into the region

The first fundamental, that of ultra-low interest rates, is gone. Rates may rise a bit more, they may stay flat, or they may drop a bit, but the era of 1.5% mortgages is over.

The second fundamental, that of a booming local economy, has softened somewhat, although the local economy in the Greater Toronto Area is still doing fairly well.

As for immigration, 2022 saw a record breaking number of people admitted to Canada. Official numbers show approximately 500,000 newcomers admitted through traditional channels, plus at least 200,000 Ukrainian refugees admitted. Canada grew by somewhere between 700,000 and 800,000 people during 2022, the largest yearly increase on record.

LOOKING AHEAD

We are in uncharted territory here in 2023. 

2022 brought a massive pivot in the real estate market, and although sales and sales prices have dropped significantly, there is still risk going forward.

We monitor the Toronto and Mississauga real estate markets on a daily basis, and will keep you posted on developments as they happen.

Our YouTube Channel and Podcast

We publish regular updates on our Talk Real Estate YouTube channel, as well as on our podcast channel. We hope you will check them out, and find lots of value there. Here is the latest video.

 

Here is the link to the Randy Selzer YouTube channel

And here is the full list of real estate podcast episodes.

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 my real-world experience as a real estate agent 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 to Win Multiple Offers & Bidding Wars

How to Stage Your Home for Sale

24 EXPERT STAGING TIPS

Agents and brokers agree 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.

1.) FIX SMALL NEEDED REPAIRS

Any small deficiencies can damage the attractiveness of your home to the potential buyer. A leaking bathroom faucet, a doorbell 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 your home for sale

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, 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. 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

Closing Costs

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 – Your Real Estate Agent in Mississauga

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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