About Toronto, ON

Toronto Sales Performing as Expected!

By Brian Madigan LL.B.

(Ontario Real Estate Source)

Sorry, that's not much of a headline, particularly when you just read in the newspapers that sales were down by 21% in the month of October alone. That's a disaster. What could be worse than that?

If you just look at October 2010 and compare it to October 2009, then you may come to the conclusion that the sky is falling. In the GTA, last month there were 6,681 sales, that's a 21% decline from the 8,476 sales in October 2009.

Does it mean anything?

So, let's have a look at the October numbers over the last 7 years.

Year...........Sales

2004..........6,666
2005..........7,174
2006..........6,876
2007..........7,915
2008..........5,155
2009..........8,476
2010..........6,681

The average number of sales in the month of October is 6,992. That means that this year we would be 311 sales short, which represents a 3.67% decline from the average over the last seven years.

Does anyone really think they should be forecasting either sale prices or the number of sales in an area with millions of homes just based on 311 sales? You have to admit, that's just pure guesswork. No one is getting an "A" in statistics, let alone a "pass", for that kind of nonsense. Yet, I do have to agree that it sells newspapers.

Let's also compare the annual sales figures for the last 7 years from January until the end of October in each year:

Year,,,,,,,,,,Sales

2004..........76,353
2005..........74,809
2006..........74,131
2007..........83,244
2008..........70,197
2009..........76,288
2010..........77,304

The average number of sales over the last 7 years from January to the end of October was 76,047. That means that in 2010, there were 1,257 additional sales which represents a 1.65% increase. Not too bad for a market that is thought to be tanking.

Now, let's have another look at the numbers over that last 7 years. Only 2007 was higher at 83,244. That means that 2010 had the second highest number of sales for the first 10 months over that measurement period.

So, why all the worry?

Let's have a look at 2010, month to month:

Month.........Sales

Jan..........4,986
Feb..........7,291
Mar..........10,430
Apr..........10,898
May..........9,470
Jun..........8,442
Jul...........6,564
Aug.........6,232
Sept........6,310
Oct..........6,681

What you will notice is that March and April were exceptionally strong months, and May was a good month too. And, if there is a real estate story in 2010 about the market, it should be the strength of the Spring market.

Remember that the common advice in the Spring was:

· Take advantage of low interest rates, and

· Beat the HST

There's really nothing unusual. The consumer just followed the common advice.

You can't have the sales in March, April and May and then expect them to be there in October too!

The 2010 market is simply performing predictably as it should.

Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888
www.OntarioRealEstateSource.com

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Diwali is one of the biggest festival of Hindus, celebrated with great enthusiasm and happiness in India. The festival is celebrated for five days, where the third days is celebrated as the main Diwali festival or 'Festival of lights'. Diwali is the celebration of the "new year".Different colorful varieties of fireworks are always associated with this festival. On this day, people light up diyas and candles all around their house. They perform Laxmi Puja in the evening and seek divine blessings of the Goddess of Wealth. The festival of Diwali is never complete without the exchange of gifts. People present diwali gifts to all near and dear ones.

To experience Diwali in Toronto visit the Gerard Indian Bazaar this weekend. 

History of Diwali

 

Link to more information on local Toronto Diwali celebrations.

FLORIDA PROPERTY INVESTMENT SEMINAR TORONTO ONTARIO AREA

CANADIAN BUYERS BEWARE!!!

PLEASE READ BEFORE PURCHASING ANY PROPERTY IN ORLANDO!

• If you are a Canadian Investor looking to purchase properties in the Orlando area.
• You may just want to be aware of some things first.
• The seminars you are attending are very informative, they have been giving you some great information.
• Great facts with an amazing rate of return on your monthly investment.
  
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• If you are willing to do the research as you are now and have patience,
•   You may be able to acquire some great properties for half of what they are being offered at these seminars
  

Great Investment Properties In The Orlando Area.

Look at the different links and examples of different properties

SANCTUARY OF BAY HILL

• Price Range $90,000.00 - $120,000.00 /Marked up price in Canada for $139,000.00 - $155,000.00
  
• They rent for 1,200 a month would you rather pay 105k or 155k for the same unit?

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• Please give me a call if you have any question any time of the day!

Bermuda Dunes 02-Res Customer Synopsis. $69k 1,080 sqft
Here are some extra photo's; PHOTOS
Floor Plan Layout: FLOOR PLAN
Needs about 4k in work new paint, new carpet
Taxes monthly         $100.00
HOA Fee Monthly    $ 354.00
Insurance Monthly     $ 35.00
Property Manager     $95.00
Total Monthly Cost  -  $ 584.00
Rent Income     +    $950.00
Generating          $366 Month

These are all properties in the immediate area of the Sanctuary at Bay Hill

MANY GREAT DEALS TO BE HAD AT THESE LOCATIONS

Toscana Condos Orlando

The Vistas At Phillips Commons

Vista Cay At Harbor Square

Mandalay At Stonebridge

Carriage Homes At Stonebridge

Ventura at Stonebridge Commons
Ventura at Stonebridge:  02-Res Customer Synopsis $99k  1,247sqft
Here are the Photo's: PHOTOS
This unit is turn key, Ready to be rented or lived in! It has freshly been paint and floored!
Can close in less then 60 days.
Taxes monthly         $100.00
HOA Fee Monthly    $ 335.00
Insurance Monthly     $ 35.00
Property Manager     $100.00
Total Monthly Cost  -  $ 570.00
Rent Income     +    $1000.00
Generating          $430 Month

Vistas at Stonebridge Commons

Horizons at Stonebridge Place

Stonebridge Reserve

Stonebridge Reserve: 02-Res Customer Synopsis   $155K / 2,129sqft
Here are some extra photo's; PHOTO
Here is an Aerial Photo: AERIAL
***This one will be available to investors on the 27 of May
This unit is also turn key, You should have nothing to do to it! It has freshly paint and floored!
This unit is very impressive. Executive style living! Corner unit on the water.
Taxes monthly         $235.00
HOA Fee Monthly    $ 355.00
Insurance Monthly     $ 45.00
Property Manager     $135.00
Total Monthly Cost  -  $ 770.00
Rent Income     +    $1,400.00
Generating          $630 Month

VERENDA PARK

VERENDA PARK:02-Res Customer Synopsis   $125K / 996sqft
***This one will be available to investors on the 27 of May
This unit is very impressive. Elite Executive style living!

Taxes monthly         $150.00
HOA Fee Monthly    $ 400.00
Insurance Monthly     $ 25.00
Property Manager     $130.00
Total Monthly Cost  -  $ 705.00
Rent Income     +    $1,300.00
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Give me a Call (407)865-2840

THE BEST DEAL, IS THE DEAL YOU DO YOUR HOMEWORK ON! NOT THE ONE BEING OFFERED AT THE SEMINAR!

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Arthur Mitchell
Senior Loan Officer
561-596-7230 Cell
914-262-6601 Cell
407-287-7624 Fax
apply on line at:
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MY HOME INSPECTOR CONTACT FOR THE PURCHASE & REPAIR OF YOUR UNIT