|
"Real
Estate Bits"
January 2010
Market Update
GTA Realtors Report December Re-Sale
Figures – The 2009 Market Was Resilient
Toronto January 6, 2010 - Greater Toronto Realtors reported 87,308 MLS transactions in 2009 – a 17% increase over 2008.
This result included 5541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007. “After a slow start to the year, existing home sales rebounded during the second half of 2009,” said TREB President Tom Lebour.
“As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA. The strong residential real estate sector was a key contributor to overall economic recovery in Canada.” The average home price in 2009 climbed 4% to $395,460. The average price for December tansactions was $411,931.
“Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset average price declines in the winter,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “A greater supply of listings in 2010 will see home price grow at a sustainable pace.”
Average Days On Market in December was 27
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
November
2009
December
2009
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-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| April |
8107 |
$385,641 |
| May |
9589 |
$395,609 |
| June |
10955 |
$403,972 |
| July |
9967 |
$395,414 |
| August |
8035 |
$387,921 |
| September |
8196 |
$406,877 |
| October |
8476 |
$423,559 |
| November |
7446 |
$418,460 |
| December |
5541 |
$411,931 |
| |
|
|
| Total |
87,308 |
$395,460 |
Web-Site Of Interest
It’s the new year – time to shape up!!
www.pilatesbarr.ca
Mortgages
Rates As Of January 12,
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 |
2.35% -
Bank's Discretion |
|
2 Year Closed |
3.25% |
|
3 Year Closed |
3.70% |
|
4 Year Closed |
4.29% |
|
5 Year Closed |
4.44% |
|
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..
Business Of The Month
Jinja Ninja Custom Cookies
Jinja Ninja is a custom cookie company dedicated to making everyone feel special. Beverly is the inventor of the “mookie” – a message cookie. She can customize cookies for any occasion and also do seasonal mookies for gift giving.
The gingerbread and sugar cookies are made with organic whole spelt and Beverly strives to use organic and local products in her lines. Shipping can be arranged anywhere in Canada.
Beverly Horii
Chief Mookie Officer
(416) 473-1614
Web Site: www.jinjaninja.ca
E-Mail: beverly.horii@jinjaninja.ca
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Only In Japan
In December, the median price was $349,000, up from the $305,000 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 |
