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September 2006

Updated 2nd week of every month

Wednesday, September 6, 2006 - TREB President Dorothy Mason announced today that the Toronto resale housing market continued its run of healthy showings in August, with 6,976 homes changing hands through the Toronto MLS system. "Last month was the second best August ever recorded, off moderately from the record 7,498 figure achieved in 2005. In addition, the year as a whole has seen 59,488 single-family dwelling sales, up marginally from 2005's January to August performance. As people return from their summer holidays, we are looking forward to an even more active autumn market."

Prices remain stable in August, with the “average” coming in at $338,192 less than one per cent lower than the July figure of $342,034. This figure is up five per cent over the $323,255 recorded during August of 2005.

A Break Down Of The Total Sales Is As Follows:
TREB's - 28 West Districts had:	2627 sales	With an average of - $321,415
TREB's - 14 Central Districts had:	1181 sales	With an average of - $401,244
TREB's - 23 North Districts had:	1493 sales	With an average of - $388,674
TREB's - 21 East Districts had:	1675 sales	With an average of - $275,050

Average Days-On-Market in August was 38.

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Rates As Of September 11, 2006

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	8.15%
6 Month Convert.	5.30%
1 Year Open	8.40%
1 Year Closed	5.35%
2 Year Closed	5.30%
3 Year Closed	5.30%
3 Year Ultimate Rate	5.50% (Prime 6.00% minus .50%) or (Prime 6.00% with 1.50% Cash Back). - Cap Rate 6.55%
4 Year Closed	5.30%
5 Year Closed	5.25%
5 Year Flex Value	Prime 6.00% - 0.75% = (Currently - 5.25%).
7 Year Closed	5.50%

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.

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

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Free In-Home Estimates & Consultation.

2901 Danforth Avenue - Toronto

(416) 694-2952

E-Mail: onassiscarpets@bellnet.ca

Shopper: (Clearly Irritated) – You’re supposed to be a full service grocery store. But I ordered a dozen oranges and you only delivered 10. What’s the matter with you? Where is the service and the quality control?

Grocer: (Smiling) – That’s where our service and quality control really shine. Two of the oranges were bad so we threw them away for you.

Diner: Waiter – please bring me a bottle of you finest French wine.

Waiter: Very well sir, what year?

Diner: Well this year of course –we’d like to drink it with dinner.

Actress: Ah Darling – I just read your new book and it was quite simply divine. Do tell me – who wrote it for you?

Writer: I’m so delighted that you enjoyed it. But do tell me – who read it to you?

Within Rosedale, there have been 116 properties sold to-date in 2006, for an average of $1,163,804. Of these, 44 have been detached homes, which averaged $2,087,600. This is a one per cent increase over the $2,072,854 recorded during the same time-frame in 2005.

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

"Professional Service With A Personal Touch"

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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