August 2003

~ 8084 Sales For TREB's Best July & The Second Best Month Ever! ~

The Toronto residential resale market continued its hot summer run in July with 8084 residential properties sold during the course of the month, TREB President Cynthia Lai has announced. "Sales were up an incredible 39% over the 5807 sales recorded in 2001, which was our previous best July and up an even more incredible 41% from the 5727 sales recorded in July of 2002. Last month was also the second best month ever seen in TREB's history - the best being April of 2002 when 8181 sold properties passed through the Toronto MLS System. This was only the 5th. time that Toronto sales have passed the 8000 sale barrier".

"It has been an extremely unusual year", Ms. Lai went on to note, "The market actually strengthened into the summer months after a relatively lackluster spring which is the opposite of the usual pattern. If the second half maintains the current pace, 2003 will prove to be the best year for Toronto resales ever recorded".

Prices declined for the second straight month in July, as the average price fell almost 2% to $289,880 from June, due in part to a decline in the number of upper-end homes sold in the central area of Toronto. This figure was up 6% from the $274,348 recorded in July of 2002.

Web-Site Of Interest: www.toronto.ca/health or call (416)338-7600 for any questions you may have about West Nile Virus.

Rates As Of August 10, 2003:

Glen will guarantee this rate for 120 days if you bring this newsletter along with you.

These ‘Preferred Rates’ are available for new mortgages for any of my clients who bank with Glen Travers, Senior Bank Manager of Scotiabank & Trust.  Glen’s office is located at 2200 Yonge Street (at Eglington), Toronto.

(Bus):  416-932-3034  (Fax): 416-932-3167

Painting Over Wall Repairs:

A fresh coat of paint is a fast and effective way to conceal wall repairs. Depending on the size of the repair and the availability of matching paint, you can paint just the repaired area itself, the whole wall or the entire room. Here are some guidelines to help you get ready for the job.

The type of surface you're covering determines the kind of paint required. If you have paint left over from the original job, you're in luck and if not then a consultation with a reputable paint company/store will give you the guidelines you need. Choosing the correct brush is important too. The type of bristle should suit the paint or stain you're using and the brush size must fit the job. Select a natural-bristle brush to apply oil-based paint, polyurethane, varnish or shellac. Use brushes with synthetic bristles to apply water-based (latex) paint. For wood stains - use either type of brush. Choose a 1 inch brush for hard to reach areas and a 2-3 inch brush for medium surfaces and a 3.5 to 4 inch brush or a 9 inch roller for large areas - such as entire walls. Use a thick-napped roller for textured walls.

Preparing the surface. Before you can apply the paint - you may need to sand and wash the surface. In most cases - you will at the very least have to apply a primer to ensure that your repair will not show, and then finish with 1-2 coats ot your selected paint colour & voila - just like new.

National Home Inspection: (416) 467-7809

Business Man Of The Month

Michael Micacchi, Sales & Marketing

"LeafGuard, Ontario Inc."

The Gutter That Never Clogs ... Guaranteed

(905) 761-6984 or Toll Free 1-877-709-2387

www.leafguard.ca

James asked his wife Martha what she would like for their 40th. wedding anniversary. "For instance would you like a new mink coat? How about a new Mercedes sports car? Or maybe a new home in the country, or a world-wide vacation?" Martha shook her head in response to all his questions. So James said, "Then what would you like honey". Martha replied, "James - I would like a divorce". James shook his head slowly and said, "Sorry my dear, but I wasn't planning on spending quite that much".

Neighbourhood Corner - North York, East

The east half of North York (C12 to C15) saw 401 sales during July, for an average of $358,549. Of these, 167 were condominium apartments, which sold for an average of $230,595 and 57 were town-house condominiums, which averaged $257,927. Days-on-Market was 42 and the average sale-to-list price ratio was 98%.

Please Call Me With Any Real Estate Questions.

I’m Always Here To Help!!!

-Rosemary Wright

• Full time agent for 17 years.
• Active in Riverdale/Danforth, Central Toronto & Beaches, High Park, Bloor West Village & Roncesvalles.
• Fully computerized home office.

Memberships:

• Toronto Real Estate Board.
• Ontario Real Estate Association.
• Canadian Real Estate Association. 
• Member of SOLD (Sutton On Line Directory - across Canada agent referral network.)
• Referral Network to related Real Estate Professionals & Trades.

Business Referrals:

Client & Networking referrals are the foundation of a successful real estate agent’s career. Over many years in this industry I have enjoyed the confidence & repeat business of my clients. I appreciate your on-going support and want you to know that I will always look after friends & colleagues you refer to me with professionalism, care and respect.