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"Real
Estate Bits"
September 2007
Market Update
August
Sets New Record with 8059 Sales
September 6, 2007 - August 2007 became the fifth record-setting month in a row, with 8059 sales reported by TREB Members throughout the Greater Toronto Area, TREB President Donald Bentley announced today. "This figure is up 15% over August of last year, and up 7% cent over the 7498 sales recorded during the same month in 2005, which was the previous "best ever" performance for the month of August," said the President. "Summer of 2007 has been hands-down the most active holiday season for the resale market in the history of the Toronto Real Estate Board."
While sales roared ahead, prices remained affordable in August, with a recorded average of $361,890. This figure is up 7% over the $338,192 recorded during August of 2006. "While the last decade has seen five record breaking years, and a good possibility of a sixth in 2007, year-over-year prices increases have remained in the single digits. This kind of activity is sustainable for a long time."
A Breakdown Of The Market Is As Follows:
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TREB's - 28 West Districts had: |
3057 sales |
With an average of - $343,493 |
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TREB's - 14 Central Districts had: |
1444 sales |
With an average of - $453,718 |
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TREB's - 23 North Districts had: |
1653 sales |
With an average of - $403,539
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TREB's - 21 East Districts had: |
1905 sales |
With an average of - $285,665 |
Average Days On Market in August Was 33
Web-Site Of Interest
http://www.legacy-leather.com
A great array of styles and options in leather furniture at
affordable prices.
Mortgages
Rates As Of September 14,
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
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6 Month Open |
8.55%
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6 Month Convert |
6.00% |
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1 Year Open |
9.15% |
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1 Year Closed |
6.10% |
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2 Year Closed |
6.30% |
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3 Year Closed |
6.15% |
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3 Year Ultimate Rate |
Prime minus .50% - Cap Rate is
7.30%
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4 Year Closed |
6.05% |
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5 Year Closed |
5.80% |
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5 Year Flex Value |
Prime - .90% |
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7 Year Closed |
6.00%
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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
Ceramic Tile World
Ms. Eleni Lycos
(416) 752-4446 25 Bermondsey Road Unit “B” - Toronto
www.ceramictileworld.com
eleni@ceramictileworld.com
The Showroom has a wonderful selection of Porcelain, Slate, Granite, Marble, Tumbled Marble, Glass, Stainless Steel. Friendly, customer-oriented service & great products!
Custom kitchens & bathrooms and granite counter-tops.
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Sally: Susie did you know you’re wearing a brown shoe & a black shoe.
Susie: What a coincidence – I have another pair at home just the same.
Stan to his golf caddy: Have you noticed any improvement since last year?
Caddy: Yes – you bought a new golf cart.
George: Have you decided on costumes for the Halloween party?
Betty: Yes – since my husband is overweight and I’m crazy – I think we’ll go as a horse and buggy.
There have been 100 total residential sales within Rosedale (C09) this year for an average of $1,208,414, up 4% over the first eight months of 2006. Of these 34 were detached homes, which averaged $2,203,457. This is up 4% over the $2,087,600 recorded during 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"
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., 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 |
