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"Real
Estate Bits"
December 2007
Market Update
Best November Ever - Best Year Ever!
December 5, 2007 - A record-breaking November saw 7313 sales, driving year-to-date totals to 88,695 sales, TREB President Maureen O'Neill announced today. "We have already exceeded the 84,145 sales recorded during 2005, which was our previous record," said the President. "By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the GTA resale home market is looking as healthy as it has ever been."
Prices were almost unchanged in November, with
the average at $393,747 down marginally from the $394,646
recorded in the previous month. It was up 11% over the $355,727
recorded during November 2006. Meanwhile, days-on-market came in
at 32, and the list-to-sale price ratio was 98%.
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
2725 sales |
With an average of - $362,272 |
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TREB's - 14 Central Districts had: |
1529 sales |
With an average of - $519,841 |
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TREB's - 23 North Districts had: |
1354 sales |
With an average of - $417,967
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TREB's - 21 East Districts had: |
1705 sales |
With an average of - $311,738 |
Average Days On Market in November was 32
Web-Site Of Interest
www.virtualtourist.com
A great site for checking out
world-wide travel destinations!
Mortgages
Rates As Of December 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
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6 Month Open |
8.65%
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6 Month Convert |
5.80% |
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1 Year Open |
9.25% |
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1 Year Closed |
6.20% |
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2 Year Closed |
6.35% |
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3 Year Closed |
6.20% |
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3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.35%
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4 Year Closed |
6.10% |
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5 Year Closed |
6.00% |
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5 Year Flex Value |
Prime minus .50% |
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7 Year Closed |
6.10%
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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
The Cook's Place
Barb Ackerman
488 Danforth Avenue (at
Logan)
Toronto, Ontario M4K 1P6
(416) 461-5211
"Our
Product Is Kitchenware ...
Our Specialty Is Service"
www.thecooksplace.com
info@thecooksplace.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
In San Francisco, California three criminals carrying surf boards held up the First, Second and Third National Banks. Police officials and the mayor’s office fear it may be the start of a bizarre crime wave.
Lady: Aren’t you a cute little boy. What’s your name sweetheart?
Little Boy: My name is Connor.
Lady: That’s a nice first name. Can you tell me your full name?
Little Boy: Of course I can – It’s Connor Stop That!
In the first 11 months of 2007, the town of Orangeville has experienced 679 sales, up 21% over the same time-frame in 2006. The average price is $282,313, up 8% over the $261,234 recorded to November of last year. Detached homes formed the bulk of sales in Orangeville (488), and averaged $314,648. This is up 7% 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"
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
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 |
