September 2004

~ Another Record Falls - 6743 Sales In August ~

Toronto's resale market felt the heat in August, with 6743 homes changing hands - the most ever recorded for the month. Transactions were up 3% over the previous record of 6549 sales, set in August of 2003, according to TREB President Ron Abraham. Meanwhile prices continued to ease - falling 2% to $304,509 from the $312,418 reported in July. "The declines of the last couple of months are entirely seasonal in nature, and year-over-year prices are still up 7% over 2003", noted Mr. Abraham. "With people on holidays and a fairly healthy level of inventory (22,204 active listings at the end of July) this was bound to occur". Going into the fall market, Mr. Abraham sees nothing but continued good news ahead. With 1.1% growth in the second quarter - the Canadian economy is still strong, inflation is still holding steady in the 2% range and interest rates remain historically low. So the Toronto resale market should continue to perform at or near record levels and Mr. Abraham predicts that 2004 may be the first year where sales exceed 80,000 dwellings".

Average Days-On-Market in August was 38.

Web-Site Of Interest: www.toronto.ca/culture Toronto operates 10 museums across the city and most are open to visitors and offer special programs and events. Or call (416) 338-3888

Mortgage Rates - Nino Pasquariello - Scotiabank

Rates As Of September 8, 2004

Nino will guarantee these rates for 120 days if you bring this newsletter along 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): 416-932-3034 (Fax): 416-932-3167

E-Mail: nino.pasquariello@scotiabank.com

Scotiabank Web-Site: www.scotiabank.com

Homeworks ... Mould

Mould can grow inside your home, behind walls and underneath flooring. Even though mould is a natural occurring fungi - mould that grows indoors can have a serious health effect on many people. There are many mould types that can cause a variety of symptoms such as skin rashes, nose bleeds, itchy and watery eyes, breathing difficulties, migraine headaches to name a few. Some moulds are toxic such as - "Stachybotrys Chartarum".

Mould needs moisture and a cellulose nutrient source (drywall, carpeting, fabrics) to grow. If you've had a water leak or flood that wasn't cleaned up properly within 24 - 48 hours of its occurence - you could have mould growth. If you have a hidden plumbing leak, excess condensation or high relative humidity, you could have mould growth.

Mould growth in buildings is not always visible or detectable through a visible inspection. The majority of indoor mould growth issues are hidden inside walls, behind wall paper, underneath flooring or behind built-in cabinetry. Mould does not always have a musty odour and it can occur without any scent or visible signs that are noticeable by the homeowner.

National Home Inspection: (416) 467-7809

- Paige & Shannon -

"Wildbird"

For Your Garden Sanctuary

The Best Wild Bird Seed - Feeders - Accessories - Absolutely Terrific Gifts - Aroma Therapy - Gift Certificates - Baskets - "Delivery"

622 Mount Pleasant Road - Toronto (416) 484-4080

E-Mail: shannon@thebranch.ca

www.thebranch.ca

If you've ever wanted a good motto to live by - I think this one qualifies. I have no idea who penned this litte gem - but I'm going right out to buy Champagne and strawberries!

"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather you should skid in sideways - Champagne in one hand and strawberries in the other - body thoroughly used up, totally worn out while you scream - "Woo-Yaa - What A Ride"!!!

Neighbourhood Corner - Rosedale:

So far in 2004, the average price of detached homes in the Rosedale area (South portion of C09) is $1,730,474 - up 16% over the $1,495,162 recorded in the January to August period of last year. In addition, condo apartments in Rosedale averaged $408,866 - a 15% increase over the first 8 months of 2003.

• Full time agent for 18 years.
• Active in Riverdale/Danforth, Central Toronto & Beaches, High Park, Bloor West Village & Roncesvalles.
• Fully computerized home office.

Memberships:

• Toronto Real Estate Board.
• Ontario Real Estate Association.
• Canadian Real Estate Association. 
• Member of SOLD (Sutton On Line Directory - across Canada agent referral network.)
• Referral Network to related Real Estate Professionals & Trades.

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 & repeat business of my clients. I appreciate your on-going support and want you to know that I will always look after friends & colleagues you refer to me with professionalism, care and respect.