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"Real
Estate Bits"
November 2007
Market Update
October
Sets New Record
November 5, 2007 - TREB Members recorded 7915 transactions of single-family homes in October, an all time record for the month, TREB President Maureen O'Neill announced today. "Sales were up 15% over the 6876 figure recorded in October of 2006, and up about 10% over the 7227 transactions that took place in October 2003, which was our previous record."
"There is every indication that 2007 will be a banner year for resale housing activity in the Greater Toronto Area," said Ms. O'Neill. "The effects of the City of Toronto's new land transfer tax will definitely be felt in 2008 but we are also confident that consumers will continue to see the value of real estate as a solid long-term investment."
Prices rose in October, with the average climbing 4% to $394,646 over September's $380,132, and up 11% over the $356,423 recorded in October of 2006.
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
2964 sales |
With an average of - $367,139 |
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TREB's - 14 Central Districts had: |
1602 sales |
With an average of - $522,800 |
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TREB's - 23 North Districts had: |
1555 sales |
With an average of - $415,071
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TREB's - 21 East Districts had: |
1794 sales |
With an average of - $307,950 |
Average Days On Market in October was 30
Web-Site Of Interest
www.garageliving.com
You may be the envy of those of us who are “without garage” - but what kind of shape is it in? If your garage needs to be cleaned and organized- you may find some inspiration at this web site!
Mortgages
Rates As Of November 15,
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 |
8.65%
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6 Month Convert |
5.80% |
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1 Year Open |
9.25% |
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1 Year Closed |
6.20% |
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2 Year Closed |
6.40% |
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3 Year Closed |
6.25% |
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3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.40%
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4 Year Closed |
6.15% |
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5 Year Closed |
6.05% |
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5 Year Flex Value |
Prime minus .50% |
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7 Year Closed |
6.10%
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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
Darius Sanei, b arch.
Darius Sanei Architecture
Designer & Owner
15 Years Experience In Design & Construction
(416) 579-6814
d.sanei@hotmail.com
A Recent Design of a Modern, Luxury Home
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Have you ever been guilty of looking at someone your own age and thinking, “I can’t possibly look that old”? Well, I was sitting in the office of my new dentist when I noticed his DDS Diploma on the wall. I suddenly remembered a tall, handsome, dark-haired boy with the same name who had been in my high school class some 40 odd years earlier. Could this really be the same guy that I had a secret crush on all those years ago? However upon seeing him I quickly discarded the thought. This balding, gray-haired man with the deeply lined face was way too old to have been my classmate. After he examined my teeth, we got to chatting and I asked him if he had attended Morgan Park High School. Indeed he had. “When did you graduate”? I asked. He answered “In 1959 - why do you ask?” I smiled and said, “You were in my class”. He looked at me closely and then that ugly, old, bald, wrinkled, son-of-a-gun asked me, “Really, what subject did you teach”?
Within Agincourt (parts of districts E05 and E07) the dominant resale house types are detached and semi-detached units. So far this year detached homes averaged $376,047, up 1% over the same time-frame in 2006. Semis averaged $313,337, a 6% increase over the $295,800 recorded for the first ten months of 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"
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 |
