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October 2005

Updated 2nd week of every month

The Toronto Real Estate market continued its record breaking ways in September, with 7,326 sales transacted through the Toronto MLS system, Board President John Meehan reported today. "This figure is up 11 per cent over last year (6,588 sales), and up eight per cent over sales in September 2003 (6,751), which was our previous best September."

The President went on to note that, with 66,480 sales year-to-date, 2005 has closed to within a single percentage point of the 2004 nine month total (66,668). "If the fourth quarter market performs as well as the previous three months," said Mr. Meehan, "there is a strong possibility that 2005 could end up as the best year ever."

The President went on to note that prices strengthened considerably in September, with the average rising five per cent to $338,267 over the August figure of $323,255. In addition, the year-to-date average, at $335,267, is up seven per cent over 2004.

Average Days-On-Market in September was 35.

A Break Down Of The Total Sales Is As Follows:
TREB's - 28 West Districts had:	2809 sales	With an average of - $318,293
TREB's - 14 Central Districts had:	1295 sales	With an average of - $430,000
TREB's - 23 North Districts had:	1456 sales	With an average of - $374,135
TREB's - 21 East Districts had:	1766 sales	With an average of - $273,201

Web-Site Of Interest:

www.timeanddate.com
A great world clock site to determine times/dates around the world.

Rates As Of October 11, 2005

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

6 Month Open	6.80%
6 Month Convert.	4.35%
1 Year Open	7.05%
1 Year Closed	3.90 %
2 Year Closed	4.10%
3 Year Closed	4.10%
3 Year Ultimate Rate	4.00% (Prime 4.50% minus .50%) or (Prime 4.50% with 1.50% Cash Back). - Cap Rate 5.40%
4 Year Closed	4.15%
5 Year Closed	4.30%
5 Year Flex Value	Prime 4.50% - 0.75% = (Currently - 3.75%).
7 Year Closed	5.25%

Please Note: 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.

I just love it when I find something so functional and smart looking that I can't help telling everyone I know!! I recently discovered a new fridge design called the "French Door".

This fridge is so practical and well designed that it could be used in the smallest of kitchens without compromising the actual storage capacity.

The fridge has two doors, side by side (hence the term "French door"), as well as a pull-out freezer at the bottom. The French door design requires less space for door clearances, which works really well in tight spaces! To top it off, the fridge comes equipped with an automatic ice maker, and/or water dispenser, and comes in a variety of finishes so you'll be sure to find one to suit your décor! For more information, drop into any TASCO Distributors appliance store!

Look for more helpful hints next time!

Bus: (416) 769-0902 Fax: (416) 769-0428

E-Mail: smi@rogers.com

1) National Home Inspection	(416) 467-7809	nationalhomeinspection@sympatico.ca
2) Carson & Dunlop	(416) 964-9415	inspection@carsondunlop.com
3) Baker Street Home Inspection	(416) 483-3535	info@bakerstreet-hi.ca
4) Aetna Pest Control (Termites)	(416) 469-4111	info@aetnapest.ca

"Epoca Hair Salon"

Christina Teofilo - Hair Stylist (extraordinaire)

2429 Yonge Street - Toronto M4P 2E7

Bus: (416) 968-2090 Fax: (416) 968-6490

www.epocagroup.com

contact@epocagroup.com

An enterprising young man stood on a street corner with a stack of newspapers and shouted, "Extra, extra! Scam claims 210 victims - read all about it". A passerby stopped to purchase a copy of the paper and stood to one side of the road as he paged through the entire newspaper. Then he spoke up and said, "Hey, I can't find anything in here about a scam". "Extra, extra", shouted the young man, all the while ignoring the passerby, "Scam claims 211 victims".

A local fence manufacturer came to call on a farmer one day. He found the farmer in his orchard, hoisting an enormous pig up in his arms so the pig could eat apples directly from the tree. The businessman quipped - "I can see that it takes a lot of time to feed a pig that way". The farmer replied, "Yup - sure does, but this way I don't need a fence and besides what's time to a pig"?

Thus far in 2005 there have been 1131 sales in East York (E03) - down 4% from the 1176 recorded during the first 9 months of 2004. Of these - 573 were detached homes which averaged $345,117 - up 8% over the 2004 average of $319,809. There were also 282 semi-detached sales averaging $326,564 - a 7% increase over the same period in 2004.

Business Referrals:

Client & Networking referrals are the foundation of a successful real estate agent'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.

Bus: (416) 483-8000

Fax: (416) 463-0159

Web-Site: www.rosemarywright.com

E-Mail: mail@rosemarywright.com

Direct Page: (416) 582-1216

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. 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.

Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned And Operated
(Bus): (416) 483-8000
(Fax): (416) 463-0159
1820 Bayview Avenue
Toronto, ON, Canada

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