Record First Quarter Sales
April 6, 2010 - Greater Toronto Realtors reported 10,430 sales through the Multiple Listing Service in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696.
The average price for the first quarter was $427,948.
“The strong rebound in the existing home market was one of the initial drivers of economic recovery,” said TREB President Tom Lebour. “While we don’t expect to see the same rates growth moving forward, GTA households will remain confident in ownership housing as a quality long-term investment, especially as the Canadian economic recovery expands across all industries.”
The annual rate of growth for new listings continued to accelerate in March. The number of new listings grew by 42% compared last March.
The average home price in the GTA will continue to grow this year, but the pace will slow as we move through the spring market,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As growth in new listings starts to outstrip the growth in sales, Toronto and GTA Buyers will experience more choice, resulting in more sustainable single digit rates of average price growth.”
Average Days On Market in March was 20
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
February
2010
March
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
| February |
7291 |
$431,509 |
| March |
10,340 |
$434,696 |
Web-Site Of Interest
Confederation Log Homes
Bobcaygeon, Ontario
www.confederationloghomes.com
1-877-462-5647
Mortgages
Rates As Of April 13,
2010
Nino will guarantee these
rates for 120 days for any "confirmed" client of Rosemary Wright if
you bring this newsletter with you!
These "Preferred Rates" are available for new
mortgages for any of my clients who bank with Nino Pasquariello,
Senior Bank Manager of Scotiabank & Trust. Nino's office is located
at 2200 Yonge Street (at Eglinton) in Toronto.
(Bus): 416-932-3885
#7000 (Fax): 416-932-3167
E-Mail:
nino.pasquariello@scotiabank.com
Scotiabank Web-Site:
www.scotiabank.com
Find The Best Way To Use "Your" Money
|
6 Month Open |
6.50%
|
|
6 Month Closed |
4.35%
|
|
1 Year Open |
6.55% |
|
1 Year Closed |
2.49% -
Bank's Discretion |
|
2 Year Closed |
3.25% |
|
3 Year Closed |
3.70% |
|
4 Year Closed |
4.49% |
|
5 Year Closed |
4.34% |
|
5 Year Scotia Flex-Closed |
2.05 % (Prime less
0.20) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.55%
|
|
10 Year Closed |
5.85%
|
We
are unable to guarantee the rate on the Prime Based Variable
Rate products. Rates will be based on Prime at the time of
the mortgage closing. On a Pre-Approved Mortgage the rate is protected for 120 days from the date of application.
Please be aware that rates can change at any time.
Please call Scotiabank for more details on their 5 Year “Flex Value” products..
Business Of The Month
ART e FAC Inc.
“If You Can’t Fine A Chair Here – You Don’t Need One”
200 Britannia Road East - Unit #3
Highway #10 & Britannia Road
Mississauga L4Z 1S6
(905) 568-3535
www.artefac.ca
info@artefac.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Thought Provoking Statements That Will Make You Smile
I think that part of a best friend's job should be to immediately clear your computer history if you die.
Nothing sucks more than that moment during an argument when you realize you're wrong.
I totally take back all those times I didn't want to nap when I was younger.
There is great need for a sarcasm font.
Map Quest really needs to start their directions on #5. I'm pretty sure I know how to get out of my neighborhood.
I can't remember the last time I wasn't at least kind of tired.
Bad decisions make good stories.
You never know when it will strike, but there comes a moment at work when you know that you just aren't going to do anything productive for the rest of the day.
Can we all just agree to ignore whatever comes after Blue Ray? I don't want to have to restart my collection...again.
I'm always slightly terrified when I exit out of Word and it asks me if I want to save any changes to my ten-page research paper that I swear I did not make any changes to.
"Do not machine wash or tumble dry" means I will never wash this - ever.
I hate when I just miss a call by the last ring (Hello? Hello? Darn it!), but when I immediately call back, it rings nine times and goes to voice mail. What did you do after I didn't answer? Drop the phone and run away?
I hate leaving my house confident and looking good and then not seeing anyone of importance all day.
I keep some people's phone numbers in my phone just so I know not to answer when they call.
I think the freezer deserves a light as well.
Sometimes, I'll watch a movie that I watched when I was younger and suddenly realize I had no idea what was going on when I first saw it.
I would rather try to carry 10 plastic grocery bags in each hand than take 2 trips to bring my groceries in.
I have a hard time deciphering the fine line between boredom and hunger.
How many times is it appropriate to say "What?" before you just nod and smile because you still didn't hear or understand a word they said?
I love the sense of camaraderie when an entire line of cars team up to prevent an idiot from cutting in at the front. Stay strong, my brothers and sisters!
There's no worse feeling than that millisecond you're sure you are going to die after leaning your chair back just a little too far.
Sometimes I'll look down at my watch 3 consecutive times and still not know what time it is.
Even under ideal conditions people have trouble locating their car keys in a pocket, finding their cell phone, and Pinning the Tail on the Donkey - but I'd bet everyone can find and push the snooze button from 3 feet away, in about 1.7 seconds, eyes closed, first time, every time!
In March 2010 the median price was $370,000. This figure is up from the $317, 500 recorded during March of 2009.
