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June 2006

Updated 2nd week of every month



~ May Is TREB's Best Month - Ever ~

Monday, June 5, 2006 - With 9434 sales recorded last month, May 2006 has proven to be the best month ever recorded in the 86 year history of the Toronto Real Estate Board, TREB President John Meehan announced today. "The May figure is up over two per cent from May 2005, when 9209 sales were recorded, and up almost two per cent over the previous best ever month, June 2004, when 9275 sales were recorded. The Toronto re-sale market is as healthy as it has ever been."

The president noted that the average price came in at $365,537 last month, compared to April's $366,683. "The key is that 17,685 new listings came onto the system in May, which pushed total inventory levels to 26,220 active listings at month-end. Both figures are up considerably over their year ago levels (seven and five per cent, respectively), and this is keeping price inflation to a reasonable level."

A Break Down Of The Total Sales Is As Follows:

TREB's - 28 West Districts had: 3504 sales With an average of - $340,841
TREB's - 14 Central Districts had: 1739 sales With an average of - $483,682
TREB's - 23 North Districts had: 1898 sales With an average of - $390,999
TREB's - 21 East Districts had: 2293 sales

With an average of - $292,600

Average Days-On-Market in May was 30 days.


Web-Site Of Interest:

Canada's First Authentic Water Spa For Women!
471 Adelaide Street West - Between Spadina & Bathurst.



Mortgage Rates - Nino Pasquariello - Scotiabank

Rates As Of June 15, 2006

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 8.05%
6 Month Convert. 5.10%
1 Year Open  8.30%
1 Year  Closed  5.15%
2 Year Closed 5.15%
3 Year Closed 5.20%
3 Year Ultimate Rate 5.50% (Prime 6.00% minus .50%) or (Prime 6.00% with1.50% Cash Back). - Cap Rate 6.45%
4 Year Closed 5.20%
5 Year Closed  5.25%
5 Year Flex Value  Prime 6.00% - 0.75% = (Currently - 5.25%)
7 Year Closed 5.40%

Please Note: 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.


Home Inspection Companies:

1) National Home Inspection (416) 467-7809 nationalhomeinspection@sympatico.ca
2) Carson & Dunlop (416) 964-9415 inspection@carsondunlop.com
3) Baker Street Home Inspection (416) 483-3535 info@bakerstreet-hi.ca
4) Aetna Pest Control (Termites) (416) 469-4111 info@aetnapest.ca


Business Of The Month:

"Go Girl Interior"

We are a small Toronto based "All Female" interior painting company. We do colour consultations, house staging and, of course, painting and minor wall repairs. Our clients feel more comfortable having female contractors in the house and they tell us that "we do an excellent job". Most of our work comes from referrals from happy customers. We have over 15 years experience & our rates are quite reasonable.

Give us a call - We'd love to give you a quote!

Lesley (416) 258-9746 or Diane ((647) 207-6145



~ In Lieu Of A Joke ~

As you may remember, the Head of a company survived the horror of the World Trade Centre on 9/11 because his son started kindergarten that day. Another fellow is alive because it was his turn to bring donuts. One woman was late because her alarm clock didn't go off in time. One was late because of being stuck on the NJ Turnpike due to an auto accident.

One of them missed his bus. One spilled food on her clothes and had to take time to change. One's car wouldn't start. One went back to answer the telephone. One had a child that dawdled & didn't get ready as soon as he should have. One couldn't get a taxi.

The one that struck me was the man who put on a new pair of shoes that morning, took the various means to get to work but before he got there, he developed a blister on his foot. He stopped at a drugstore to buy a Band-Aid. That is why he is alive today.

So if you're stuck in traffic, miss an elevator, turn back to answer a ringing telephone ... all the little things that annoy you - think instead that you're exactly where you're supposed to be at this very moment.

Next time your morning seems to be going wrong, the children are slow getting dressed, you can't seem to find the car keys, you hit every traffic light, don't get mad or frustrated - Life is at work watching over you. May you continue to be blessed with all these annoying little things and may you remember their possible purpose in your life.


Neighbourhood Corner:

Markham

Brampton (W-23 and W-24) has seen 3,296 sales during 2006, up marginally from the 3,292 recorded to the same time last year. The majority of re-sales in this area were of detached (1,837) and semi-detached (731) houses. The average for detached was $341,585, a seven per cent increase over 2005; the average for semis was $265,103, up five per cent over 2005.


 



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 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.

Bus: (416) 483-8000

Fax: (416) 463-0159

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. 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.

 
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Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned And Operated

(Bus): (416) 483-8000
(Fax):  (416) 463-0159
1820 Bayview Avenue
Toronto, ON, Canada

 

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