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"Real
Estate Bits"
June 2009
Market Update
GTA May Resale Housing Sales Higher Than Last Year
Toronto June 3, 2009 - In May 2009, Greater Toronto Realtors reported 1589 sales up almost 2% from May 2008 – the first annual increase since December 2007.
The seasonally adjusted annual rate of sales in May was 81,300. “The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill.
“Many home Buyers have taken advantage of extremely low mortgage rates.” The average price for April transactions was $395,609 - down less than 1% compared to the same month last year.
“The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.
Average Days On Market in May was 35
Featured Listing
“Beaches Triangle”
Please Call Me To Book A Viewing
Of This Beautiful Home
(416) 483-8000
38 Lark Street - Toronto
E02 – Queen Street & Kingston Road
Offered For Sale At $499,900
MLS# E1635967
Please visit my website for more photos
Designer’s Stylish “Beach Triangle” Semi-Detached Home.
Tree Lined Street, Close To Parks & A Short Walk To The
Beach Boardwalk & Lake Ontario. Summer Front Porch
& BBQ Friendly Back Deck. Neutral Décor
& Custom Paint Palette.
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
April 2009
May 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 |
Web-Site Of Interest
www.queensbridge.com
Queensbridge Mill - in Markham
A 7000 Square Foot Store
“Everything” You Need To Decorate Your Home!
Mortgages
Rates As Of June 8,
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 |
3.85% |
|
5 Year Closed |
4.15% |
|
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
Call Cassie Any Time (647) 296-2702
cassie@incink.org
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
The median price in May was $337,000 - down only marginally from the $338,000 recorded during May 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"
T his 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 |
