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"Real
Estate Bits"
January 2009
Market Update
2577 GTA Housing Re-Sales In December
74,000 Total Sales During 2008
Toronto January 9, 2009 -Toronto Real Estate Board Members reported 2577 sales in December 2008, compared to the 4646 recorded during the same month in 2007, and the 4447 recorded in December 2006, TREB President Maureen O’Neill announced today. “Sales for the whole of 2008 were74,552 compared to the 93,193 recorded in 2007 and the 83,084 recorded during 2006.”
The average price in December of 2008 came in at $361,415, compared to $394,931 in 2007, and $336,217 in December of 2006. For 2008 as a whole, prices averaged $379,347, compared to the$376,236 recorded in 2007 and the $351,941 average recorded in 2006.
The City of Toronto (416) recorded 1105 sales in December, compared to 2302 in December 2007 and 1827 in December of 2006. For all of 2008, there were 29,878 sales, compared to 39,052 in 2007 and 34,404 in 2006.
The average price in the city was $387,482 compared to the $425,842 recorded in December of 2007 and the $350,139 recorded in December 2006. For all of 2008 the average was $410,271. In 2007 the comparable figure was $412,480, and in 2006 $378,776.
The 905 area saw 1472 sales in December down from the 2344 in December of 2007 and 2620 in December of 2006. For all of 2008 there were 44,674 sales in this region versus 54,141 in 2007 and 48,680 in 2006.
The average price in the 905 was $341,847 in December, compared to $360,307 in 2007 and $326,509 in 2006. For all of 2008 the average was $358,665 as compared to $350,092 in 2007 and $332,976 in 2006.
A Breakdown Of The Total Sales Is As Follows:
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|
TREB's - 28 West Districts had: |
993 sales |
With an average of - $338,855 |
|
TREB's - 14 Central Districts had: |
473 sales |
With an average of - $479,095 |
|
TREB's - 23 North Districts had: |
491 sales |
With an average of - $381,975 |
|
TREB's - 21 East Districts had: |
620 sales |
With an average of - $291,488 |
Average Days On Market in December was 45
Average Days On Market in 2008 was 32
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| January |
5173 |
$353,724 |
| February |
6772 |
$368,687 |
| March |
8518 |
$365,285 |
| April |
9452 |
$379,025 |
| May |
11,146 |
$382,787 |
| June |
10,451 |
$381,963 |
| July |
8912 |
$366,012 |
| August |
8059 |
$361,890 |
| September |
6866 |
$380,132 |
| October |
7915 |
$394,646 |
| November |
7313 |
$393,747 |
| December |
4646 |
$394,931 |
| |
|
|
| 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 |
As you can see prices were up every month in the GTA over 2007 until September 2008. Sales volume was down significantly - but - at year end:
2007 93,193 $376,931
2008 74,552 $379,347
Web-Site Of Interest
Antica Tile & Stone
A Showroom With Tile & Stone From
Around The World
www.antica.ca (905) 881-8481
Mortgages
Rates As Of January 7,
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 |
7.75%
|
|
6 Month Closed |
4.90%
|
|
6 Month Convert |
8.25% |
|
1 Year Closed |
4.00% -
To Jan. 16, 2009 |
|
2 Year Closed |
5.30% |
|
3 Year Closed |
5.10% |
|
4 Year Closed |
4.79% (5.20% for
Pre-Approvals) |
|
5 Year Closed |
4.79%
(5.36% for Pre-Approvals) |
|
5 Year Scotia Flex Value |
4.50 % (Prime + 1.00) |
|
7 Year Closed |
5.65%
|
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..
Business Of The Month
Baldini - Man of Magical Mystery
Great Fun For A Home or Office Party
(416) 921-0277 davidgeyeon@rogers.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Things Only Women Understand …
-
The facial expressions of a cat.
-
The need for the same style of shoes coming in many different colours.
-
Why bean sprouts are not “weeds”.
-
Cutting your bangs to make them grow.
-
The difference between beige, cream, ecru, soft taupe, eggshell and off-white.
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Eyelash curlers.
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Saving old love letters.
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The inaccuracy of all bathroom scales.
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Why a woman keeps her skinny jeans.
-
Organized chaos.
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Adding chocolate chips to cheese omelets.
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Calling 1-800-***-**** for every bumper sticker that says “How’s My Driving?”
-
Other Women!
The median price for December was $305,000, compared to $320,950 in 2007 and $290,000 in 2006.
The Median for the year as a whole was $325,000, as opposed to $318,200 in 2007 and $299,000 in 2006.
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
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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 |
