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"Real
Estate Bits"
October 2009
Market Update
GTA Realtors Report September Re-Sale Market Figures
Toronto October 5, 2009 - In September 2009 Greater Toronto Realtors reported 8196 sales, up 28% from September 2008. The average price for September transactions was $406,877. This figure is up by 10% compared to the same month last year.
"We have experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results," said TREB President Tom Lebour. "GTA consumers have remained confident in home ownership as a long-term investment."
Year-to-date sales at 66,437 were up 4.5% compared to the first nine months of 2008. The average price at $388,417 was up by almost 1.5%.
"Existing home sales will have a strong finish this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area," according to Jason Mercer, TREB's Senior Manager of Market Analysis.
Average Days On Market in September was 27
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
August
2009
September
2009
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| 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 |
| November |
3640 |
$368,582 |
| December |
2577 |
$361,415 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| April |
8107 |
$385,641 |
| May |
9589 |
$395,609 |
| June |
10955 |
$403,972 |
| July |
9967 |
$395,414 |
| August |
8035 |
$387,921 |
| September |
8196 |
$406,877 |
Web-Site Of Interest
www.the-vacmaster.ca
Cana-Vac
Central Vacuum Installations
“A Trusted Name Since 1985”
Mortgages
Rates As Of October 14,
2009
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 |
6.40%
|
|
6 Month Closed |
4.25%
|
|
1 Year Open |
6.75% |
|
1 Year Closed |
2.55% -
Bank's Discretion |
|
2 Year Closed |
3.65% |
|
3 Year Closed |
3.60% |
|
4 Year Closed |
3.95% |
|
5 Year Closed |
4.44% |
|
5 Year Scotia Flex-Closed |
2.45 % (Prime + 0.20) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.45%
|
|
10 Year Closed |
5.75%
|
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
Jewitt Masonry
Chimneys, Waterproofing, Concrete Work, Tuckpointing,
Windows, Doors, Porches, Driveways
Drains & Foundation Work
Large & Small Jobs Welcome
Free Estimates – 10% Seniors Discount
Larry Jewitt (416) 461-6504
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Dog Pack Attacks Crocodile In The Northern Territory
At times nature can be cruel, but there is also a raw beauty, and even a certain poetic justice manifested within that cruelty.
The crocodile, one of the oldest and ultimate predators, normally considered the 'apex predator', can still fall victim to an implemented “team work” strategy, made possible due to the tight knit social structure and “survival of the pack mentality”' bred into canines.
See the remarkable photograph below courtesy of Nature Magazine. Note that the Alpha dog has a muzzle hold on the crocodile preventing it from breathing. Another dog has a hold on the tail to keep it from thrashing. The third dog attacks the soft underbelly of the crocodile.
This is the kill bite.
This Is Not For The Squeamish
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In September the median price was $347,000 up from the $322,000 recorded during September of 2008.
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
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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 |
