|
"Real
Estate Bits"
October 2007
Market Update
Second
Best September
October 3, 2007 - September put in yet another excellent performance, with 6866 single family units changing hands through the Toronto MLS system, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. “This figure was up 4% from last year (6622 sales), and off only 6% from the record 7326 sales recorded during September of 2005.” Year-to-date sales, at 73,827, were up 12% over 2006. “They are also,” the President went on to note, “up 11% over the first nine months of 2005, which turned out to be the best year ever recorded in the history of TREB.”
Prices rebounded in September, rising 5% over August to $380,132. On a year-over-year basis they were up also up 5%, to $371,848 from the $352,318 recorded during the first nine months of 2006.
A Breakdown Of The Market Is As Follows:
|
|
TREB's - 28 West Districts had: |
2613 sales |
With an average of - $351,328 |
|
TREB's - 14 Central Districts had: |
1298 sales |
With an average of - $501,419 |
|
TREB's - 23 North Districts had: |
1380 sales |
With an average of - $404,663
|
|
TREB's - 21 East Districts had: |
1575 sales |
With an average of - $306,467 |
Average Days On Market in September was 31
Web-Site Of Interest
http://www.rowefurniture.com
Great styles of upholstered furniture from a 60 year old Virginia manufacturing company with sales locations in the GTA.
Mortgages
Rates As Of October 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
|
6 Month Open |
8.55%
|
|
6 Month Convert |
5.70% |
|
1 Year Open |
9.15% |
|
1 Year Closed |
6.10% |
|
2 Year Closed |
6.30% |
|
3 Year Closed |
6.20% |
|
3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.30%
|
|
4 Year Closed |
6.05% |
|
5 Year Closed |
5.75% |
|
5 Year Flex Value |
Prime minus .90% |
|
7 Year Closed |
6.05%
|
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
Lustre
Luxury Cleaning & Services
Lustre is Toronto’s first luxury cleaning & services company with bonded staff serving home and business owners.
Nick Kaczun
(416) 481-9990
nkaczun@lustreservices.com
www.lustreservices.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
To date in 2007, there have been 1136 sales in East York (E03), a 6% increase over last year. Of these, 588 were detached homes which averaged $404,314, an 11% increase over the $363,458 recorded during the first nine months of 2006. In addition, 252 semi-detached homes changed hands for an average of $388,595, up 10% over the same time last year.
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 |
