|
"Real
Estate Bits"
February 2008
Market Update
The Year is Off to a Good Start
February 5, 2008 - A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5073 sales in January, off just 2% from last year's record performance, President Maureen O'Neill announced today.
"While sales were strong, price increases remained modest, with the average rising 6% (January 2007 to January 2008) to $374,449," said Ms. O'Neill. "There is clearly still a place for the first-time buyer in today's resale market."
A Breakdown Of The Market Is As Follows:
|
|
TREB's - 28 West Districts had: |
1940 sales |
With an average of - $351,594 |
|
TREB's - 14 Central Districts had: |
945 sales |
With an average of - $485,259 |
|
TREB's - 23 North Districts had: |
966 sales |
With an average of - $410,289
|
|
TREB's - 21 East Districts had: |
1224 sales |
With an average of - $296,838 |
Average Days On Market in Janaury was 38
Web-Site Of Interest
www.leatherstogo.com
If you’re looking for leather sofas, chairs or home theatre seating - this is a great site to visit.
Mortgages
Rates As Of Feburary 13,
2008
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 |
8.90%
|
|
6 Month Convert |
6.05% |
|
1 Year Open |
9.45% |
|
1 Year Closed |
5.50% - Only
until February 29, 2008 |
|
2 Year Closed |
6.40% |
|
3 Year Closed |
6.25% |
|
3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.40%
|
|
4 Year Closed |
6.10% |
|
5 Year Closed |
6.00% |
|
5 Year Flex Value |
Prime minus .50% |
|
7 Year Closed |
6.15%
|
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
Carmen Wageman
Stage Right Home Furnishings
“the fastest, easiest, most exhilarating way
to transform a home”
Staging, Design, Furniture, Accessories
Sales & Rentals
(416) 421-1200
info@stageright.to
www.stageright.to
Before &
After
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
A Short
Love Story
At this time of year - so close to Valentine’s Day - this is a truly touching story. A man and a woman who had never met before, and were both married to other people, found themselves assigned to the same sleeping room on a Trans-continental train. Though initially embarrassed and uneasy over sharing a room as strangers, they were both very tired and fell asleep quickly. He in the upper bunk and she in the lower. At 1:00 AM, the man leaned down and gently woke the woman saying, “Ma'am, I'm sorry to bother you, but would you be willing to reach into the closet to get me a second blanket? It’s awfully cold up here”. “Why, I have a better idea,” she replied,“Just for tonight, let's pretend that we're married. “Wow! that is a great idea”, he exclaimed - visions of himself as a “manly” man dancing in his head. “Good”, she replied. “Then it’s settled - just get out of bed and get your own blanket. The End.
There were 647 sales in Mississauga this January, a decline of 3% over the first month of 2007. The average price came in at $339,655, a 1% increase over the same time-frame last year. Of these sales, 196 were of detached homes which averaged $516,190, up 8% over January 2007.
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 |
