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"Real
Estate Bits"
May 2007
Market Update
Best Day - Best Month Ever!
May 2, 2007 - With 581 sales reported on April 30, the highest single day total ever documented, April's total transactions reached an astounding 9452, the best single-month total ever recorded, TREB President Dorothy Mason announced today.
"The Greater Toronto Area's resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year's spring market."
Average prices climbed three per cent in April, to $379,025 from last April's $366,683. "Despite the torrid sales pace," Ms. Mason said.
"Overall price increases are holding at marginally above the inflation rate, which means that potential first-time buyers are not being pushed out of the market."
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
3591 sales |
With an average of - $351,415 |
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TREB's - 14 Central Districts had: |
1696 sales |
With an average of - $517,418 |
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TREB's - 23 North Districts had: |
1898 sales |
With an average of - $401,355
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TREB's - 21 East Districts had: |
2267 sales |
With an average of - $300,530 |
Average Days On Market in April Was 30
Web-Site Of Interest
www.homeagaininc.com
Specialists in recycling surplus and liquidating building materials. Their location at 89 Research Road – Toronto is well worth a visit.
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
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6 Month Open |
8.30%
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6 Month Convert |
5.45% |
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1 Year Open |
8.70% |
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1 Year Closed |
5.65% |
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2 Year Closed |
5.70% |
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3 Year Closed |
5.55% |
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3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is 6.50%
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4 Year Closed |
5.50% |
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5 Year Closed |
5.15% |
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5 Year Flex Value |
Prime - .85% |
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7 Year Closed |
5.40%
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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
Julia's Angels
Ms. Julia Vrtik (416) 265-5420
Professional Cleaning Services
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Stella walked up behind her husband Jack and smacked him sharply on the head with a wooden ruler. Jack winced and said, “Stella why on earth did you do that”? Stella replied. “I told you when I married you that I wouldn’t tolerate you cheating on me. I found a piece of paper in your jacket pocket with the name Betty Sue written on it and I want an explanation”.
Jack laughed and said “For heaven’s sake Stella that was the name of a horse that I bet on in the 6th race at Woodbine yesterday. You know I’d never cheat on you”. A week later Stella smacked Jack on the head again with the ruler but this time she hit him even harder and said. “If you lie to me again Jack I’m leaving you”. “What did I do now”? protested Jack. “Stella replied, “I’m not sure what you’ve done but your horse just called”.
Markham (N01 - N10 - N11) has seen 1433 sales during the first four months of this year for an average price of $417,818. This is up four per cent over the $403,229 recorded to the same period in 2006.
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 |
