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"Real
Estate Bits"
February
2010
Market Update
GTA Realtors Report January Re-Sale
Housing Market Figures
Toronto, February 3, 2010 - Greater Toronto Realtors reported 4986 transactions through the Multiple Listing Service (MLS) in January 2010. This result represented a large increase over the 2670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour. “Increasingly confident consumers moved to take advantage of affordable home ownership.”
The average home selling price in January 2010 climbed 19% to $409,058, compared to $343,632 in the same month last year. “Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The rate of sales and price growth will be lower in the second half of 2010.”
Average Days On Market in January was 28
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
December
2009
January
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
Web-Site Of Interest
Get To Know Toronto Better
Explore Toronto’s Parks and Trails
A Citywide Walking Map Is Available
www.toronto.ca/parks/maps.htm
Mortgages
Rates As Of February 15,
2010
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 |
6.50%
|
|
6 Month Closed |
4.35%
|
|
1 Year Open |
6.55% |
|
1 Year Closed |
2.49% -
Bank's Discretion |
|
2 Year Closed |
3.25% |
|
3 Year Closed |
3.50% |
|
4 Year Closed |
4.19% |
|
5 Year Closed |
4.34% |
|
5 Year Scotia Flex-Closed |
2.25 % (Prime) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.55%
|
|
10 Year Closed |
5.85%
|
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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1-877-328-8400
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On A Personal Note – My Dogs Piper and
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Dragging 40 Pound Bags Of Dog
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Yippee!
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
From Youth …
To Old Age
In January, the median price was $350,000, up from the $303,000 recorded during November 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
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 |
