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Dear Friends,
Greetings! I'm sending you this electronic newsletter with hopes to keep you updated with current real estate market and mortgage rates.
If you're thinking of making a move, or are just curious as to real estate trends in your area, please feel free to call me anytime at my Cell. 416-917-6787, or email me at franleemail@yahoo.com. It's always good to hear from you! |
| Real Estate Market |
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Sales Break 6,000 In Spite Of Winter Weather
March 5, 2008
While snow fell in almost record amounts, Toronto Real Estate Board members recorded a respectable 6,015 sales during the month of February.
While sales were down over 2007 (11%), they are in line with historical levels for the month, and they should increase substantilly as the Greater Toronto Area eases into Spring.
Prices rose in February, with the average climbing to $382,048, up 4% from the $367,687 recorded in February of last year. Days-on-Market stood at 30 days, and the list-to-sale price ratio was 99%.
Activity within the City of Toronto generally matched that of the broader Greater Toronto Area. Sales moderated 14% in the city to 2,310 from last year's figure of 2,697. Prices rose 2% to $424,235.
- The Toronto Real Estate Board |
| Mortgage Rates |
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| March 9, 2008
TERM POSTED BEST
1 Year 7.3% 5.2%
3 Year 7.4% 5.39%
5 Year 7.39% 5.35%
7 Year 7.7% 6.2%
10 Year 7.85% 6.25%
Variable 4.55%
Prime Rate 5.25%
*Rates are subject to change without notice
(Mortgage rates provided by Kim Gibbons, AMP & Mortgage Consultant, Mortgage Intelligence www.dreamplan.ca) |
