August 2005

~ Sales Up 1% Over July 2004 ~

With 7,387 single-family homes transacted last month, sales were up one per cent over the 7,329 sales recorded in July 2004, TREB President John Meehan reported today. "This excellent result makes July 2005 the second best July ever recorded, down nominally as compared to the best-ever 8,084 sales recorded during the same month of 2003."

The President noted also that, with 2,175 sales in July, the condominium sector has come to play an increasingly important role in the local market.

"While some have suggested that the condo-building boom of the late 1990s would lead to an oversupply, first-time buyers and others looking for affordable housing options continue to snap up these offerings once they hit the resale market. Condominium apartments now make up over 20 per cent of the homes sold through MLS; add townhouses to the mix, and the figure is close to 30 per cent."

While sales were strong, prices eased five per cent in July, with the average coming in at $326,034 compared to the $345,065 recorded in June. This figure is up four per cent, however, from the $312,418 figure recorded in July 2004.

Average Days-On-Market in July was 35

Web-Site Of Interest:
www.toronto.ca
This is a great website for information about Toronto. For "Access Toronto" - go to the home page of the above site. Go to the last link in the "Blue" section and explore.
Their E-Mail address is accesstoronto@toronto.ca
If you like the sound of a human voice you can reach them at (416) 338-0338

Mortgage Rates - Nino Pasquariello - Scotiabank

Rates As Of August 12, 2005

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

Stacy McLennan Interiors

I'm always looking for simple ideas that really make a big impact in a space. One idea that I recommend to clients who are in need of a fresh new look is to paint all interior doors black, and keep the door casings and base trim white. The contrast really adds interest and a contemporary feeling to a neutral space.

Happy Painting!

(Bus): (416) 769-0902 (Fax): (416) 769-0428

E-Mail: smi@rogers.com

Home Inspection Companies:

Business Of The Month:

"Magic Painting"

Michael Harrison

For All Your Painting Needs - Interior or Exterior - (Residential or Commercial) Faux Finish - Wall Coverings - Restoration & Renovation.

Bus: (905) 598-4337

E-Mail: michaelsmagic@aol.com

"Free Consultation"

A well dressed man entered a bar, leaned against the counter, ordered two very expensive drinks and downed them in a minute. He then ordered two even more expensive drinks and drank them just as quickly. He then smiled at the bartender and said "Set 'em up again, Buddy". The bartender complied. The drinks disappered in short order. Finally satisfied, the man sat down on a bar stool and lit a cigar. The bartender looked at his customer and said, "Wow - I've never seen a person down 6 drinks that quickly - is everything alright". The man said - "Well if you had what I have you'd be drinking quickly too". Leaning closer the sympathetic bartender said, "I'm so sorry - what do you have". The man replied - "I just left divorce court and I've got fifty cents".

Neighbourhood Corner - North York:

North York (C-4, C-6, C-7, and C-12 through C-15) has recorded 4,412 sales over the first seven months of 2005. This is a one per cent increase over the 4,355 sales recorded during the same period of 2004. The year-to-date average for the area is currently $449,100, up 13 per cent from last year ($397,082).

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 and repeat business of my clients. I appreciate your on-going support and want you to know that I will always look after friends and colleagues you refer to me with professionalism, care and respect.

Rosemary Wright

Sales Representative - Sutton Group-Bayview Realty Inc.

Bus: (416) 483-8000

Fax: (416) 463-0159

Web-Site: www.rosemarywright.com

E-Mail: mail@rosemarywright.com

Direct Page: (416) 582-1216