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"Real
Estate Bits"
May 2009
Market Update
Greater Toronto Realtors Report 8107 Re-Sales In April
May 6, 2009 - In April 2009 Greater Toronto Realtors reported 8107 sales - down 7% from April 2008. While April sales remained lower than last year, the re-sale housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900 was up 26% from March and up two thirds compared to January’s ten year low.
“Conditions in the re-sale housing market have improved markedly this spring,” according to TREB President Maureen O’Neill. “Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices.”
The average price for April transactions was $385,641 - down only 3% from last year. “The rate of average price decline continued to diminish last month. This is due in large part to a tightening in the resale market,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “The level of sales relative to new listings increased in April.”
Average Days On Market in April was 37
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
March 2009
April 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 |
Web-Site Of Interest
www.organizedinteriors.com
Free in-home consultations …
Buy direct for the Manufacturer
Mortgages
Rates As Of May 15,
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 |
2.90% -
Bank's Discretion |
|
2 Year Closed |
3.80% |
|
3 Year Closed |
3.80% |
|
4 Year Closed |
3.85% |
|
5 Year Closed |
3.90% |
|
5 Year Scotia Flex-Closed |
3.05 % (Prime + 0.80) |
|
5 Year Scotia Flex-Open |
3.25 % (Prime + 1.00) |
|
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
Cadillac Shutters & Blinds
Shop At Home Service or
Showroom - 41 Winges Road #4
Woodbridge
(416) 665-9392
www.cadillacshutters.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
It’s Exam Time …
The median price in April was $330,000 marginally down from the $334,950 recorded during April 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"
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be removed, please reply to this
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"Real Estate Bits - 2" is to provide information to you
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new
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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 |
