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August 2006

Updated 2nd week of every month

Thursday, August 3, 2006 - July saw 7082 single-family homes change hands in the Greater Toronto Area; a strong showing at over 7000 sales, though slightly less active than the 7387 sales recorded in July 2005, TREB President Dorothy Mason reported today.

"The GTA market is very healthy," Mrs. Mason said. "Year-to-date figures show that 2006 remains more than one per cent ahead of 2005, with 52,682 transactions recorded so far this year, compared to last year’s 51,985 transactions."

The average price of homes that changed hands in July was $342,034, up nearly five per cent over the $326,034 figure recorded last July, while year-to-date prices at the end of the month were up more than five per cent over the same time frame last year.

"Consumers are still seeing excellent return on their investment, yet price increases are very steady and controlled which is helping to maintain affordability in the market," Mrs. Mason said.

A Break Down Of The Total Sales Is As Follows:
TREB's - 28 West Districts had:	2680 sales	With an average of - $325,417
TREB's - 14 Central Districts had:	1279 sales	With an average of - $428,031
TREB's - 23 North Districts had:	1407 sales	With an average of - $373,573
TREB's - 21 East Districts had:	1716 sales	With an average of - $278,028

Average Days-On-Market in July was 36 days.

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Rates As Of August 14, 2006

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	8.25%
6 Month Convert.	5.40%
1 Year Open	8.50%
1 Year Closed	5.45%
2 Year Closed	5.50%
3 Year Closed	5.50%
3 Year Ultimate Rate	5.50% (Prime 6.00% minus .50%) or (Prime 6.00% with 1.50% Cash Back). - Cap Rate 6.75%
4 Year Closed	5.45%
5 Year Closed	5.45%
5 Year Flex Value	Prime 6.00% - 0.75% = (Currently - 5.25%).
7 Year Closed	5.70%

Please Note: 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. We are able to guarantee the Cap Rate on the 3 Year Ultimate Rate Mortgage for 120 days from the date of your application.

1) National Home Inspection	(416) 467-7809	nationalhomeinspection@sympatico.ca
2) Carson & Dunlop	(416) 964-9415	inspection@carsondunlop.com
3) Baker Street Home Inspection	(416) 483-3535	info@bakerstreet-hi.ca
4) Aetna Pest Control (Termites)	(416) 469-4111	info@aetnapest.ca

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North York (C04, C06, C07 and C12 through C15) saw 4583 homes change hands over the first seven months of 2006. This is a four per cent increase over the 4412 transactions recorded during the same period of 2005. The year-to-date price average for the area at the end of July was $463,019, up three per cent from last year’s average of $449,100.

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

"Professional Service With A Personal Touch"

This newsletter is never sent unsolicited. If you wish to be removed, please reply to this e-mail with the words: "Remove from Newsletter" in the subject line or call me at (416) 483-8000 to request removal.

The intent of the newsletters - "Real Estate Bits " & "Real Estate Bits -2" is to provide information to you regarding real estate. Personal details such as your name, contact information and address are never revealed to anyone without your consent. In accordance with the new Privacy Act, your consent must be given (either implicitly or explicitly) to receive these newsletters. If you do not want to receive my newsletters - please notify me. My newsletters are not intended to solicit Buyers or Sellers who are currently under contract with any Broker.

The information and opinions contained, statistics and articles are courtesy of TREB, CMHC or other individuals or companies and are believed to be reliable, but their accuracy is not guaranteed. Sutton Group-Bayview Realty Inc. and Rosemary Wright accept no responsibility whatsoever for any loss arising from any use or reliance on the accuracy and timeliness of the information contained herein. Every endeavour is made to ensure accuracy. These newsletters do not render financial, legal, accounting, home inspection or professional advice. They are for general educational purposes only. They do not offer do-it-yourself advice. We encourage you to always contact the appropriate professionals or specialists to address your individual needs.

Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned And Operated
(Bus): (416) 483-8000
(Fax): (416) 463-0159
1820 Bayview Avenue
Toronto, ON, Canada

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