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"Real
Estate Bits"
July 2009
Market Update
GTA Resale Housing Market Posts Best June on Record
TORONTO July 6, 2009 - In June 2009, Greater Toronto Realtors reported a record 10,955 sales, up 27% from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.1
"The record result in June is testament to the fundamentally sound housing market in the GTA," said the Toronto Real Estate Board’s newly appointed President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market." The average price for June transactions was $403,972 - up by 2% compared to the same month last year.
"The re-emergence of Seller’s Market conditions has exerted upward pressure on home prices," explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing."
Average Days On Market in June was 33
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
May 2009
June 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 |
| |
|
|
| 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 |
| |
|
|
| 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 |
Web-Site Of Interest
www.platinumrenovations.com
Window & Door Specialists
Government Energy Grants & Tax Credits May Be Available
(Call For Details)
Mortgages
Rates As Of July 13,
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 |
6.60%
|
|
6 Month Closed |
4.45%
|
|
1 Year Open |
6.95% |
|
1 Year Closed |
2.75% -
Bank's Discretion |
|
2 Year Closed |
3.80% |
|
3 Year Closed |
3.80% |
|
4 Year Closed |
4.15% |
|
5 Year Closed |
4.55% |
|
5 Year Scotia Flex-Closed |
2.85 % (Prime + 0.60) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.65%
|
|
10 Year Closed |
5.25%
|
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
Dave Rempel Photography
www.daverempel.ca
Please visit my website for more
examples of my work
dave@daverempel.ca (647) 966-1422
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
How Times Change!
The median price in June was $345,000 – up from the $335,250 recorded during June 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"
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be removed, please reply to this
E-Mail with the words "Remove from Newsletter" in the
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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
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new
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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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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 |
