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"Real
Estate Bits"
August 2009
Market Update
GTA Realtors Report Re-Sale Record In July
Toronto August 6, 2009 - In July 2009, Greater Toronto Realtors® reported a record 9967 sales, up 28% from July 2008. The average price for July transactions was $395,414 – up by 6% compared to the same month last year.
"Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA," said TREB President Tom Lebour. "The real estate sector has been one of the sectos making a positive contribution to economic growth in the GTA, not to mention Ontario and Canada more broadly."
Year-to-date sales, at 50,632 are down 1.2% compared to the first seven months of 2008. Average price, at $385,808 is down by less than one-half of 1%.
"The steep drop-off in sales experienced at the beginning of the year has all but dissipated," explained Jason Mercer, TREB's Senior Manager of Market Analysis. "With five months left to go in the year, it is probable that total existing home sales in 2009 will be at or above last year’s level."
Average Days On Market in July was 31
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
June 2009
July 2009
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| January |
5075 |
$374,449 |
| February |
6015 |
$382,084 |
| March |
6631 |
$380,338 |
| April |
8762 |
$398,687 |
| May |
9411 |
$388,839 |
| June |
8600 |
$394,931 |
| July |
7806 |
$371,427 |
| August |
6318 |
$364,886 |
| September |
6424 |
$368,549 |
| October |
5155 |
$352,974 |
| November |
3640 |
$368,582 |
| December |
2577 |
$361,415 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| April |
8107 |
$385,641 |
| May |
9589 |
$395,609 |
| June |
10955 |
$403,972 |
| July |
9967 |
$395,414 |
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Mortgages
Rates As Of August 14,
2009
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 |
6.60%
|
|
6 Month Closed |
4.45%
|
|
1 Year Open |
6.95% |
|
1 Year Closed |
2.75% -
Bank's Discretion |
|
2 Year Closed |
3.80% |
|
3 Year Closed |
3.80% |
|
4 Year Closed |
4.15% |
|
5 Year Closed |
4.55% |
|
5 Year Scotia Flex-Closed |
2.65 % (Prime + 0.40) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.65%
|
|
10 Year Closed |
5.25%
|
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..
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Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Old Age!
An elderly gent was invited to an old friend's home for dinner one evening. He was impressed by the way his buddy preceded every request to his wife with endearing terms such as Honey Pie, My Love, Darling, Sweetheart, Pumpkin etcetera. The couple had been married for seventy years and clearly, they were still very much in love. While the wife was in the kitchen, the man leaned over to his host saying, "I think it's wonderful that, after all these years, you still call your wife those loving pet names." The old man hung his head, "I have to tell you the truth," he said. "Her name slipped my mind about 10 years ago and I’m really afraid to ask her what it is."
In July the median price was $339,900 up from the $325,000 recorded during July of 2008.
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 & Operateded
(Bus): (416) 483-8000
(Fax): (416) 463-0159
WebSite:
www.rosemarywright.com
E-Mail:
mail@rosemarywright.com
"Professional Service With A Personal Touch"
T his 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
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- please notify me. My newsletters are not
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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 |
