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"Real
Estate Bits"
June 2007
Market Update
Toronto Housing Market Reaches New Heights
June 5, 2007 - With an astonishing 11,146 sales in May, the Toronto Real Estate market put in its best performance since records have been kept, President Dorothy Mason announced today. "The Toronto Real Estate Board has been tracking the local housing market for over forty years, and there has never been a month that even approaches this level of activity," Ms. Mason stated. "May was up 18 per cent over April, our previous record month (9452 sales), and also up 18 per cent over May of 2006 (9434 sales), which now ranks as the third highest sales total recorded."
Ms. Mason further noted that, according to statistics compiled by the Canadian Real Estate Association, every home sale generates about $27,000 in economic activity (for renovations, furniture purchases and so forth) over and above direct expenditures involved in the transaction. "This means that Realtors® and their clients have contributed over $300 million to the local economy in ancillary costs last month alone."
However, while sales volume sky-rocketed, price increases were restrained, with the average rising a mere five % cent to $382,787 from the $365,537 recorded during May of 2006.
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
4175 sales |
With an average of - $356,836 |
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TREB's - 14 Central Districts had: |
2038 sales |
With an average of - $506,172 |
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TREB's - 23 North Districts had: |
2323 sales |
With an average of - $408,391
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TREB's - 21 East Districts had: |
2610 sales |
With an average of - $305,168 |
Average Days On Market in May Was 28
Web-Site Of Interest
www.homesteadmaid.com
Worth a
visit if you need a great residential cleaning company.
Mortgages
Rates As Of May 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
|
6 Month Open |
8.40%
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|
6 Month Convert |
5.55% |
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1 Year Open |
8.95% |
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1 Year Closed |
5.90% |
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2 Year Closed |
6.15% |
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3 Year Closed |
6.05% |
|
3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is 6.50%
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4 Year Closed |
6.00% |
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5 Year Closed |
5.64% |
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5 Year Flex Value |
Prime - .85% |
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7 Year Closed |
5.85%
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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
State Farm®
Leane Besky, Agent
Bus: 416-690-7900
Fax: 416-690-7500
E-mail: leane@leanebesky.com
www.leanebesky.com
"Like a Good Neighbour, State Farm is there® ."
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Hotel Clerk: I’m terribly sorry that we misplaced your reservation sir, but now we have no rooms. There are 4 conventions in town and all the rooms are booked.
Sam: Well now, if the Prime Minister – Mr. Harper was in town tonight – would you have a room for him?
Hotel Clerk: Well naturally we would.
Sam: Great - I happen to know that he’s in Halifax tonight – so just give me his room.
Year-to-date sales in Brampton have reached 3620 - up 10 per cent over the 3296 sales recorded to May of last year. Of these, 2038 were detached homes, which averaged $354,834, a 4% increase over the first five months of 2006. Another 749 transactions involved semi-detached homes, which sold for an average of $273,979, up 3% over the same time one year ago.
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 |
