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"Real
Estate Bits"
May
2010
Market Update
April Experiences Record Number of Buyers and Sellers
May 5, 2010 - Greater Toronto Realtors reported 10,898 sales through the Multiple Listing Service in April, representing a 34% increase compared to April 2009. There were also 20,683 new listings in April - a 59% annual increase. Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board TREB boundaries.
“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”
The average price for April transactions was $437,600 - up 13% cent compared to the average of $385,641 recorded in April 2009.
“Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales will remain strong in the second half of 2010, but may well slip from the current record pace as borrowing costs rise in the foreseeable future.”
Average Days On Market in April was 21
Featured Listing
A friend of mine is selling her property in Stratford, Ontario. It’s an elegant 1910 home in the heart of the town. A 10 minute walk to the theatres and a 5 minute walk to the Lake. If you, or anyone you know, might have an interest in this beautiful home please let me know.
4 Bedrooms - 2.5 Baths – Stained Glass – Pocket Doors –
Wrap Around Porch & 2 Balconies!
24 Nile Street – Stratford
Offered For Sale at $489,000
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
March
2010
April
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 |
| |
|
|
| 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 |
Web-Site Of Interest
“Weekends Weren’t Made For Housework”
www.hireamaid.ca
(416) 463-6243
Mortgages
Rates As Of May 12,
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 |
5.05%
|
|
1 Year Open |
6.70% |
|
1 Year Closed |
2.64% -
Bank's Discretion |
|
2 Year Closed |
3.65% |
|
3 Year Closed |
4.10% |
|
4 Year Closed |
4.89% |
|
5 Year Closed |
4.85% - Bank's
Discretion |
|
5 Year Scotia Flex-Closed |
(Prime Rate less
0.20) |
|
5 Year Scotia Flex-Open |
(Prime Rate plus 0.80) |
|
7 Year Closed |
6.00%
|
|
10 Year Closed |
6.35%
|
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
Just Junk
“Junk Removal Made Easy”
Old Furniture & Appliances
Renovation Debris & Yard Waste
Basement & Garage Clean Outs
Household Junk & Clutter
1-888-586-5888
www.justjunk.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
6 Truths Of Life
1) You cannot touch all of your teeth with your tongue.
^
^
^
^
^
^
^
^
^
^
^
^
2) All idiots – after reading truth #1 will try to do this.
3) And soon discover that truth #1 is a lie.
4) You are smiling now because you are an idiot.
5) You will soon forward this e-mail to another idiot.
6) There is still a stupid smile on your face.
In April, the median price was $373,000 - up from the $330,000 that was recorded during April 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 |
