|
"Real
Estate Bits"
June
2010
Market Update
May Sales Remain High
June 3, 2010 - Greater Toronto Realtors reported 9470 sales through the
Multiple Listing Service - MLS in May, representing a 1% dip from May 2009. In
comparison to previous years, this was the third highest May sales result on
record.
“The pace of transactions slowed in May following record-setting sales in
February, March and April,” said Toronto Real Estate Board President Tom Lebour.
“Buyers who otherwise would have been purchasing a home in May moved more
quickly this year, likely to get ahead of mortgage rate hikes.”
New listings were up 38 % annually to 18,940. The average price for May
transactions was $446,593 - up 13% compared to the average of $395,609 recorded
in May 2009.
“The gap between listings and sales has widened, which means there is more
choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“The annual rate of price growth will slow in the second half of 2010, from the
current double digit pace into the single digits.”
Average Days On Market in May was 22
What They Sold For:
This Graph Shows Monthly GTA
Sales
By Volume and Price Category
April 2010
May
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| 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 |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
| February |
7291 |
$431,509 |
| March |
10,340 |
$434,696 |
| April |
10,898 |
$437,600 |
| May |
9470 |
$446,593 |
Web-Site Of Interest
www.ciot.com
An amazing selection of stone, marble, granite and
high end ceramic and porcelain tile.
The showroom is well worth a visit if you’re renovating a kitchen or
bathroom!
Mortgages
Rates As Of June 14,
2010
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 |
6.65%
|
|
6 Month Closed |
4.70%
|
|
1 Year Open |
6.70% |
|
1 Year Closed |
2.64% - Bank's
Discretion |
|
2 Year Closed |
3.55% |
|
3 Year Closed |
4.14% |
|
4 Year Closed |
4.54% |
|
5 Year Closed |
4.46% - Bank's
Discretion |
|
5 Year Scotia Flex-Closed |
(Prime Rate less
0.50) |
|
5 Year Scotia Flex-Open |
(Prime Rate plus
0.80) |
|
7 Year Closed |
5.69%
|
|
10 Year Closed |
6.34%
|
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
“How Can
We Help You”
www.rentason.ca
(416) 913-9021
I
recently had to have some “stuff” moved in my home and I
used Rent-a-Son and their service was absolutely great!
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
In May, the median price was $376,750 up from the $337,000
recorded during May of 2009.
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 |
