July 2004

~ Best Month In TREB's History - 9275 Sales! ~

The Toronto resale home market's incredible string of record-breaking performances continued in June, with an all time high of 9275 sales reported through the Toronto MLS System. "This extraordinary sales figure is up 1% from last month, our previous record period and up 15% over June of 2003", incoming TREB President Ron Abraham announced. "It is also the fourth month in a row during which TREB's previous all time record has been broken". Meanwhile, affordability increased as June sale prices moderated. The average price fell to $316,510, a 3% decline over May,while the median fell 1% to $275,000. Luckily a healthy supply of listings - 22,484 at months' end is keeping a cap on price increses. Prices were up 7% over June of 2003".

Average Days-On-Market in June Was 31

Web-Site Of Interest: www.northernblinds.com - Every conceivable window blind you can imagine and then some. Canada's online Blind Store!

Mortgage Rates - Nino Pasquariello - Scotiabank

I was recently appointed as the Senior Branch Manager at Yonge & Eglinton Branch - replacing Mr. Glen Travers, who has moved to a more senior position within the bank. We all wish him well. I've been with Scotiabank since 1995 and was most recently the Director of Private Banking for Scotia Private Client Group, leading a team that handled the financial needs of some of the Bank's high networth clients. I have worked in the financial industry for over 20 years and am a graduate of the Bachelor of Arts program at York University. I currently hold both the Professional Financial Planning and the Financial Management Advisor designations through the Canadian Securities Institute. I am an advocate of providing the best customer service possible and I look forward to assisting you in meeting your financial goals.

Rates As Of July 12, 2004

Nino will guarantee these rates for 120 days if you bring this newsletter along with you!

These "Preferred Rates" are available for new mortgages for 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): 416-932-3034 (Fax): 416-932-3167

E-Mail: nino.pasquariello@scotiabank.com

Scotiabank Web-Site: www.scotiabank.com

Getting The Most Out Of Your Roof

So you've had a couple of roofers in to look at your roof that is leaking and they both say the same thing -you need a new roof. Or they can do a patch, but no guarantees. And by the way, it should be stripped down to the boards. Well, maybe they are right. What other options exist? Can one reasonably extend the life of the roof and defer a multi-thousand dollar cost?

If the roof is between 10-15 years old, a localized repair should be adequate, particularly if they are 20 year shingles. Determine the exact source of the leaks(s) and the scope of repair. Is the leak in a valley? A torn or worn valley can uually be repaired for a couple of hundred dollars. Install metal valleys when you re-shingle and this area won't fail prematurely again. If you strip the roof, install ice shields along the leading edge. This material laid under the shingles is waterproof - well worth the extra cost. Are three sides of the roof fine & one worn? South and west facing shingles are exposed to the damaging sun and wear faster. Do you have one layer of shingle? If so, then save the removal costs and add a second layer. And if you do have two layers (or more) that tired looking roof now has some help from the underlying shignles, and in spite of its appearance can remain watertight for some time. An indepenedent opinion from a qualified home inspector is highly recommended.

Once the roof is over 15 years of age, have it inspected and repaired if necessary - a tune up so to speak. This should be done every 2 years from this point on. And if you can pop your head into the attic during a rain storm, you can check the roof sheathing with a good flashlight to confirm the integrity of the shingles.

National Home Inspection: (416) 467-7809

Colin Adams:

The House Dresser

"A Staged Home Is A Sold Home"

Phone: (905) 721-2497 or Cell - (647) 292-5103

www.thehousedresser.ca

Billy Joe, a young Texan was visiting England for the first time and he wanted to see Oxford University. He arrived at the hallowed halls of learning and said to an Oxford don, who just happened to be walking by, "Excuse me, but is that Trinity College I'm looking at?" "You are probably unaware that you have just ended your sentence with a preposition", sneered the don, "You may want to rephrase that question and I'll be happy to help you". Billy Joe replied, "I can easily do that. Can you please take a moment of your precious time and kindly tell me if that is Trinity College I'm looking at, you jerk?"

Neighbourhood Corner - Etobicoke

There have been 2423 sales in Etobicoke (W06 to W10) for the first six months of 2004, which is a 6% increase over the 2285 sales recorded in the first half of 2003. The average price rose 8% to $332,409 from the $306,094 recorded during the same time period last year. Of these sales, 1273 were of detached homes which averaged $430,145. Etobicoke has beautiful areas and a wonderful range of housing styles and prices. Well worth a visit if west end properties are on your wish list.

• Full time agent for 18 years.
• Active in Riverdale/Danforth, Central Toronto & Beaches, High Park, Bloor West Village & Roncesvalles.
• Fully computerized home office.

Memberships:

• Toronto Real Estate Board.
• Ontario Real Estate Association.
• Canadian Real Estate Association. 
• Member of SOLD (Sutton On Line Directory - across Canada agent referral network.)
• Referral Network to related Real Estate Professionals & Trades.

Business Referrals:

Client & Networking referrals are the foundation of a successful real estate agent’s career. Over many years in this industry I have enjoyed the confidence & repeat business of my clients. I appreciate your on-going support and want you to know that I will always look after friends & colleagues you refer to me with professionalism, care and respect.