|
"Real
Estate Bits"
November 2008
Market Update
More Than 5000 Sales In October
November 5, 2008 - TREB Members reported 5155 sales in October, down 35% from the 7915 sales reported in October of 2007, and also down 25% from the 6876 sales reported during October 2006.
Within the City of Toronto 2136 sales were recorded. This was down 38% from the 3455 sales recorded in October of last year. In the 905 suburbs however, the 3019 sales recorded were down 32% from October 2007's figure of 4460.
GTA-wide prices declined 10% to $352,974 from last October's average of $394,646. They were down 1% over the average recorded in October 2006 of $356,423. As with sales, price declines differed according to region.
The City of Toronto average was $376,896, down 13% from the $434,022 recorded during the same month in 2007, and down about 3% from the $386,807 recorded in October 2006.
Meanwhile, the average for the City's 905 suburbs was $336,049. This is down 8% from the $364,142 recorded last October, and up 1% from the $333,166 recorded in October 2006.
A Breakdown Of The Total Sales Is As Follows:
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|
TREB's - 28 West Districts had: |
2064 sales |
With an average of - $335,329 |
|
TREB's - 14 Central Districts had: |
892 sales |
With an average of - $450,437 |
|
TREB's - 23 North Districts had: |
946 sales |
With an average of - $382,032 |
|
TREB's - 21 East Districts had: |
1253 sales |
With an average of - $290,719 |
Average Days On Market in October was 37
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| January |
5173 |
$353,724 |
| February |
6772 |
$368,687 |
| March |
8518 |
$365,285 |
| April |
9452 |
$379,025 |
| May |
11,146 |
$382,787 |
| June |
10,451 |
$381,963 |
| July |
8912 |
$366,012 |
| August |
8059 |
$361,890 |
| September |
6866 |
$380,132 |
| October |
7915 |
$394,646 |
| November |
7313 |
$393,747 |
| December |
4646 |
$394,931 |
| |
|
|
| 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 |
Web-Site Of Interest
www.vicporch.ca
Contemporary & Historical Porches, Fences
and Decks
Chris Gerald (416) 435-1202
Mortgages
Rates As Of November 10,
2008
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 |
8.20%
|
|
6 Month Convert |
5.35% |
|
1 Year Open |
8.40% |
|
1 Year Closed |
4.35% -
To November 15, 2008 |
|
2 Year Closed |
5.55% |
|
3 Year Closed |
5.89% |
|
4 Year Closed |
5.79% |
|
5 Year Closed |
5.81% |
|
5 Year Flex Value |
Prime +1% |
|
7 Year Closed |
6.10%
|
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
Williams Mill Visual Arts Centre
515 Main Street, Glen Williams, Ontario L7G 3S9
Williams Mill Gallery (905) 873-8203
Photography - Oil & Water Colour Painting - Blown Glass
Jewellery - Graphic Design - Ceramic Arts/Pottery
Sculpture - Original Women’s Garments
& Artistic Couturiere
www.williamsmill.com
A Great Way To Spend A Day!
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
More About Engineers
Normal people believe that “If it ain’t broke – don’t fix it. Meanwhile engineers believe that “If it ain’t broke, it doesn’t have enough features yet”.
An architect, an artist and an engineer were discussing whether it was better to spend time with their wife or their girlfriend. The architect said that he enjoyed spending time with his wife as they built a solid foundation for their enduring relationship. The artist said he enjoyed time with his girlfriend because of the passion and mystery he found with her. The engineer said he liked both his wife and his girlfriend because they each assumed that he was spending time with the other woman, which was great, because then he could go to the lab and get some work done.
The dominant house types sold within Agincourt (parts of districts E05 and E07) are detached and semi-detached. For detached homes, the average was $403,597 in 2008 to-date, up 7% over last year's figure of $376,047. Semis averaged $321,943, up 3% over the $313,337 recorded during the first ten months of 2007.
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
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new
Privacy Act,
your consent must be given
(either implicitly or explicitly) to receive these
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- please notify me. My newsletters are not
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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 |
