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"Real
Estate Bits"
July 2007
Market Update
Best June Ever
July 6, 2007 - Last month the Toronto Real Estate Market recorded 10,451 sales for the best June performance ever, Toronto Real Estate Board President Donald Bentley announced today. "June's figure was up almost 20% over the 8730 sales recorded during the same month in 2006, and down only slightly (6%) from May's best-ever figure of 11,146 sales. To get some idea of the current strength of the market: there have been more sales in the last two months (21,597) than occurred in all of 1977 (20,512), thirty years ago this year."
While the sales pace remained brisk, average prices declined marginally (less than 1%) from May to $381,963. The year-to-date average was $373,719, up 5% over the first six months of 2006 ($356,977).
"Price increases remain only modest," noted the President. "Inventory, at 21,789, is robust enough to keep a lid on upward inflation. The current market is still accessible to first-time buyers, and should continue in this mode for the foreseeable future."
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
3936 sales |
With an average of - $356,513 |
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TREB's - 14 Central Districts had: |
1819 sales |
With an average of - $513,491 |
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TREB's - 23 North Districts had: |
2248 sales |
With an average of - $406,565
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TREB's - 21 East Districts had: |
2448 sales |
With an average of - $302,558 |
Average Days On Market in June Was 29
Web-Site Of Interest
www.creationsstudio.com
Custom
fireplace refacing. Precast and Faux Stone Mantles.
Mortgages
Rates As Of July 16,
2007
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
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6 Month Open |
8.55%
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6 Month Convert |
5.70% |
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1 Year Open |
9.15% |
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1 Year Closed |
6.10% |
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2 Year Closed |
6.30% |
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3 Year Closed |
6.15% |
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3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.30%
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4 Year Closed |
6.05% |
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5 Year Closed |
5.85% |
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5 Year Flex Value |
Prime - .90% |
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7 Year Closed |
6.00%
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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
Absolute Drain &
Plumbing 30
Titan Road, Unit 17
Toronto, ON
M8Z 5Y2
Contact: Vlad
We operate 24/7/365 and can meet all of your service needs including drain cleaning, camera inspection, sewer repair and rehabilitation, fixture replacement, water heaters and boilers installed and repaired. Absolute Draining & Plumbing is licensed, bonded and insured, making us the perfect choice for fast, professional service.
Emergency Services Available
Bus: (416) 252-5557
www.absolutedp.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Two guys, one old and one young, are pushing their carts around the local grocery store when they collide with each other.
The old guy says to the young guy, “Sorry about that, but I’m looking for my wife and I guess I wasn't paying attention to where I was going”. The young guy says, “That's okay - it may be a coincidence but I’m looking for my wife, too. I can't seem to find her anywhere and I'm starting to feel a bit worried”. The old guy says, “Well, maybe we can help each other. What does your wife look like”? The young guy says, “Well, she is 24 years old, 5’ 10” tall, with blonde hair, blue eyes and long legs. She's wearing tight white shorts and a halter top. What does your wife look like”? The old guy says, “Oh, it doesn't really matter... let's look for your wife”.
In Etobicoke - (W-6 to W-10) there have been 2734 sales to date, up 13 per cent over the January to June period of 2006. The average price was $399,525, up four per cent over the $383,220 recorded during that earlier time frame.
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"
This 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 |
