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"Real
Estate Bits"
October
2010
Market Update
September GTA Real Estate Market Remain Healthy
October 5, 2010 - Greater Toronto Realtors reported 6310 sales through the Multiple Listing Service MLS in September 2010. This represented a 23% decrease compared to the 8196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069. This figure is up 4% compared to the sales reported during the first three quarters of 2009.
"The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA," reported TREB President Bill Johnston.
The average price for September transactions was $427,329 - up 5% compared to the average of $406,877 reported in September 2009.
The average selling price through the first nine months of the year was $429,657."Resale homes in the GTA remain affordable," said Jason Mercer, the Senior Manager of Market Analysis for TREB.
"It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability," continued Mercer.
"The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines.
This is why the average home selling price has continued to grow."
Average Days On Market in September was 33
What They Sold For:
This Graph Shows Monthly GTA
Sales
By Volume and Price Category
August 2010
September
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| 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 |
10,955 |
$403,972 |
| July |
9967 |
$395,414 |
| August |
8035 |
$387,921 |
| September |
8196 |
$406,877 |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
| February |
7291 |
$431,509 |
| March |
10,340 |
$434,696 |
| April |
10,898 |
$437,600 |
| May |
9470 |
$446,593 |
| June |
8442 |
$435,034 |
| July |
6564 |
$420,482 |
| August |
6232 |
$411,012 |
| September |
6310 |
$427,329 |
Web-Site Of Interest
If you’re still confused from time to time about
what goes where in the re-cycling bins?
Then visit …
www.toronto.ca/recycle
Mortgages
Rates As Of October 13,
2010
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 |
6.55%
|
|
6 Month Closed |
4.65%
|
|
1 Year Open |
6.60% |
|
1 Year Closed |
2.44% - Bank's
Discretion |
|
2 Year Closed |
3.25% |
|
3 Year Closed |
3.70% |
|
4 Year Closed |
3.84% |
|
5 Year Closed |
3.75% - Bank's
Discretion |
|
5 Year Scotia Flex-Closed |
(Prime Rate less
0.70) (2.30%) |
|
5 Year Scotia Flex-Open |
(Prime Rate plus
0.80) (3.80%) |
|
7 Year Closed |
5.45%
|
|
10 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. 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
Options for Cars
“Car Sharing In Your Neighbourhood
Just Got Better” …
Riverdale - Riverside - The Junction - Guildwood
www.optionsforcars.ca
(416) 867-1501
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Just How Different Men And Women Really Are!
Customers using our banking machines are requested to use the procedures outlined below when accessing their accounts.
After months of careful research, Male & Female Procedures have been developed. Please follow the Appropriate steps for your gender.
Male Procedure:
- Drive up to the cash machine.
- Put down your car window.
- Insert card into machine and enter PIN.
- Enter amount of cash required and withdraw.
- Retrieve card, cash and receipt.
- Put window up.
- Drive off.
Female Procedure:
What is really funny is that most of this part is the Truth!
- Drive up to cash machine.
- Reverse, back up the required amount to align car with window.
- Set parking brake, put the window down. THEN …
- Find handbag, remove contents on passenger seat - find card.
- Tell person on cell phone you will call them back and hang up.
- Attempt to insert card into machine.
- Open door to allow access to machine due to distance from car.
- Insert card.
- Re-insert card the right way.
- Dig in handbag & find diary with PIN written on inside page.
- Enter PIN.
- Press cancel button and re-enter correct PIN.
- Enter amount of cash required.
- Check makeup in rear view mirror.
- Retrieve cash and receipt.
- Empty handbag again to locate wallet and place cash inside.
- Write debit amount in check register and put receipt in wallet.
- Re-check makeup.
- Drive forward 2 feet.
- Reverse back to cash machine.
- Retrieve card.
- Re-empty hand bag, locate card holder, and put card in slot.
- Give dirty look to irate male driver waiting behind you.
- Restart stalled engine and pull off.
- Redial person on cell phone.
- Drive for 500 feet.
- Release Parking Brake.
In September, the median price was $360,325 up from the $347,000 recorded during September of 2009.
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.
www.sagerealestate.ca
Rosemary Wright
Sales Representative
Sage Real Estate Ltd., Brokerage
(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 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. Sage Real Estate Ltd., 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 |
