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"Real
Estate Bits"
August 2007
Market Update
More
Records Broken in July
August 2, 2007 - TREB Members reported 8912 total sales in July, 26% of the 7082 sales recorded in July of 2006, and an all time record for the month.
Furthermore, July makes the fourth month in a row that sales have broken monthly records. "The local resale market is as healthy as it has ever been," said TREB President Donald Bentley. "Not only are we running 13% ahead of last year's January - July total of 52,682, we are running 14% ahead of the seven month total for 2005, which became our best year ever."
While sales have set a blistering pace, prices eased in July, down two% to $366,012 from June's average of $373,719. "This decline is seasonal in nature," said the President. "Prices tend to ease in July and August as potential homebuyers and sellers go on holiday." He went on to note that the year-to-date average, at $373,326, was up five% over the same time-frame in 2006.
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
3424 sales |
With an average of - $347,978 |
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TREB's - 14 Central Districts had: |
1590 sales |
With an average of - $470,464 |
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TREB's - 23 North Districts had: |
1797 sales |
With an average of - $392,360
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TREB's - 21 East Districts had: |
2101 sales |
With an average of - $293,819 |
Average Days On Market in July Was 31
Web-Site Of Interest
www.robinbruce.com
If You’re Looking - You Will Find Some Great Furniture & Ideas
At This Site.
Mortgages
Rates As Of August 14,
2007
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 |
8.55%
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6 Month Convert |
6.00% |
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1 Year Open |
9.15% |
|
1 Year Closed |
6.10% |
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2 Year Closed |
6.30% |
|
3 Year Closed |
6.15% |
|
3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.30%
|
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4 Year Closed |
6.05% |
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5 Year Closed |
5.80% |
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5 Year Flex Value |
Prime - .90% |
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7 Year Closed |
6.00%
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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. Please call Scotiabank for more
details on our 5 Year “Flex Value” products.
Business Of The Month
Rent-a-Son
Dustin
Kroft
(416) 913-9021
www.rentason.ca
dustinkroft@rentason.ca
Rent-a-Son started in 2000 as a labour helper service. We provide personable, reliable, and insured labour helpers for any manual labour job (big or small) to perform general labour tasks.
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
The Very Best "Out-Of-Office" E-Mail Auto-Replies:
1: I am currently out at a job interview and will reply to you if I fail to get the position.
2: I'm not really out of the office. I'm just ignoring you.
3: You are receiving this automatic notification because I am out of the office. If I was in, chances are you wouldn't have received anything at all.
4: I will be unable to delete all the unread, worthless emails you send me until I return from vacation on 4/18. Please be patient and your mail will be deleted in the order it was received.
5: Thank you for your email. Your credit card has been charged $5.99 for the first ten words and $1.99 for each additional word in your message.
6: The e-mail server is unable to verify your server connection and is unable to deliver this message. Please restart your computer and try sending again.'
(The beauty of this is that when you return, you can see how many in-duh-viduals did this over and over).
7: Thank you for your message, which has been added to a tracking system. You are currently in 352nd place, and can expect to receive a reply in approximately 19 weeks.
8: Hi. I'm thinking about what you've just sent me. Please wait by your PC for my response.
9: Hi! I'm busy negotiating the salary for my new job. Don't bother to leave me any messages.
10: I've run away to join a different circus.
There were 5115 sales in the North York area (C04 - C06 - C07 and C12 through C15) during the first seven months of 2007, up 12% over the 4583 sales recorded during the same time-frame in 2006. The average price came in at $488,663, a 5% increase over last year.
Business Referrals
Client & Networking referrals are the foundation of a
successful real estate sales representative'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., Brokerage
Independently Owned & Operated
(Bus): (416) 483-8000
(Fax): (416) 463-0159
WebSite:
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., Brokerage 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.
E&OE |
