June 2004

~ It's A Hat Trick - 3 Consecutive All Time Record Months ~

The Toronto Real Estate market posted its third consecutive all time record performance in May, with 9193 single-family dwellings changing hands through the Toronto MLS System. TREB President Cynthia Lai reported that, "This figure is up just slightly from April's 9168 figure, our previous all-time record, and up 15% over May of 2003. The March-April-May period was the best 3 month stretch in the history of the city with 27,437 sales. 2004 is on course to be the best year our local resale market has ever seen".

Ms. Lai went on to say that, "Prices continued their upward trajectory in May, with the average going to $325,501, a 1% increase over last month, and a 9% increase over May of last year. Fortunately, inventory also rose to 22,484 active listings - a 9% increase over the previous month. We have plenty of listings and as long as that is the case, the price increases we are seeing should be relatively constrained".

Average Days-On-Market in May Was 30.

Web-Site Of Interest: www.toronto.com/billsgarden - It's summer time and it's the season for gardening! This is an indepedent garden centre with knowledgeable staff, excellent products and friendly service.

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 June 14, 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

National's Column will return next month.

National Home Inspection: (416) 467-7809

Peter Parniak: Residential Relocation Specialist

D. Armstrong Moving & Storage Ltd.

Phone: (905) 795-6692 or Cell - (416) 994-8777 or Toll Free 1-888-670-4400

E-Mail: peter@armmove.com

Tom stood over his tee shot for an inordinate amout of time. He looked up and then back down at the ball. He was calculating the distance in his mind and factoring in the wind direction and the speed at which he would have to hit the golf ball. This nonsense was driving his golfing partner to distraction, and finally Ed said, "Would you just hit the stupid ball, so we can get off the first hole before noon". Tom answered, "My wife is up there in the club house watching me and I want this to be a perfect shot". Ed snapped back, "Forget it Tom, there is absolutely no way you can hit her from here".

Neighbourhood Corner - Brampton

Brampton (W23 & W24) remains one of the hottest sub-markets in the GTA with a year-to-date sales figure of 3409 single-family dwellings, with an average price of $256,282. Of these sales, the majority were of detached homes (1756) which sold for an average of $295,987. In addition, there were 757 sales of semi-detached homes for an average of $241,048 and 374 condo townhome sales for an average of $179,922. A good place to house hunt at the west end of the GTA, where you get a lot of house for the money!

• 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.