Real Estate Bits

Best January Ever

February 6, 2006 -The new year got off to a fast start, with 5173 sales of existing homes in January, TREB President Dorothy Mason announced today. "This figure is up 13 per cent over last January and up six per cent over the 4869 sales recorded in January of 2002, which was the previous record for the month."

Meanwhile average prices climbed in January to $353,724 up five per cent over December and up nine per cent over the $323,141 recorded in January 2006. "While one shouldn't read too much into a single month's result," the President said. "January's record breaking performance is an encouraging sign for the year ahead."

A Breakdown Of The Market Is As Follows:
TREB's - 28 West Districts had:	1975 sales	With an average of - $335,116
TREB's - 14 Central Districts had:	878 sales	With an average of - $462,211
TREB's - 23 North Districts had:	1082 sales	With an average of - $383,806
TREB's - 21 East Districts had:	1238 sales	With an average of - $280,178

Average Days On Market Was 42

Pets go missing every day and if they are wearing a license
(which is the law) - it’s easy for Toronto Animal Services to return
Roger and Fifi safely back home.

Mortgages

Rates As Of February 13, 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	8.25%
6 Month Convert.	5.40%
1 Year Open	8.60%
1 Year Closed	5.55%
2 Year Closed	5.60%
3 Year Closed	5.45%
3 Year Ultimate Rate	Prime minus .50% - Cap Rate is 6.55%
4 Year Closed	5.40%
5 Year Closed	5.15%
5 Year Flex Value	Prime - 0.85%
7 Year Closed	5.35%

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. Please call Scotiabank for more details on their 5 Year “Flex Value” products.

For all of you with any money left after the holidays – you may want to be aware of these expected mergers so you can get in on the ground floor and make some really, really “Big Bucks”. Watch for these mergers and acquisitions during 2007.

Polygram Records, Warner Bros. and Zesta Crackers join forces and become ~ Poly, Warner Cracker.

3M will merge with Goodyear and become ~ MMM Good.

Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become ~ ZipAudiDoDa.

FedEx is expected to join its major competitor, UPS, and then become ~ FedUP.

Fairchild Electronics and Honeywell Computers will merge and become ~ Fairwell Honeychild.

Knotts Berry Farm and the National Organization of Women will become ~ Knott NOW!

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