October 2007 Online eNewsletter
First Nine Months of 2007
Make a Strong Show
September showed a strong month with 6,866 single family units changing
hands through the Toronto Real Estate Board’s MLS system (TREB). The
activity is four per cent higher than 2006’s 6,622 sales and off only
six per cent from the record 7,326 sales during September, 2005. Year-to-date
sales, at 73,827, were up 12 per cent over 2006 consistent with the Canadian
Real Estate Association’s predictions for 2007/08. The first nine months of
2007 are up 11% in sales activity compared to the same period in 2005, which
is the best year in the history of TREB.
On a year-over-year basis prices were up 5%, to $371,848 from the $352,318
recorded during the first nine months of 2006.Breaking down the total, 2,613
sales were reported in TREB’s 28 West districts and averaged $351,328; 1,298
sales were reported in the 14 Central districts and averaged $501,419; 1,380
sales were reported in the 23 North districts and averaged $404,663; and 1,575
sales were reported in TREB’s 21 East districts and averaged $306,467.
Neighbourhood Corner
Toronto's East York (District E03)
To date in 2007, there have been 1,136 sales in East York (E03), a six per
cent increase over last year. Of these, 588 were detached homes which averaged
$404,314, an 11 per cent increase over the $363,458 recorded during the first
nine months of 2006. In addition, 252 semi-detached homes changed hands for
an average of $388,595, up ten per cent over the same time last year.
October Wellness Notes - Attitude & Ageing Well
Common wisdom and scientific research tend to agree as
to
what determines our
ageing. They are genetics, physical
activity, nutrition and attitude. Only
genetics we cannot
determine, the rest we control. A positive mental attitude
can have the greatest impact for slowing the ageing process.
The Oxford
Dictionary defines attitude as “a settled way of
thinking or feeling. A
posture of the body.” Your mindset, be
it positive or negative, is the key
to your ageing. Your lifestyle
determines your body or someday your body will
determine
your lifestyle.
October Wellness Tips - Attitude
“The longer I live, the more I realize the impact of attitude
on life.
Attitude, to me, is more important than facts.
It is more important than
the past, the education, the
money, than circumstances, than failure, than
successes,
than what other people think or say or do. It is more
important
than appearance, giftedness or skill. It will
make or break a company... a
church... a home.
The remarkable thing is we have a choice everyday
regarding
the attitude we will embrace for that day.
We cannot change our past... we
cannot change the
fact that people will act in a certain way. We cannot
change the inevitable. The only thing we can do is play
on the one string
we have, and that is our attitude.
I am convinced that life is 10% what
happens to me and
90% of how I react to it. And so it is with you... we are
in
charge of our Attitudes.”
~Charles R. Swindoll
American writer & clergyman, 1934 -
“Attitude is a little thing that
makes a big difference.”
~Winston Churchill
British statesman, orator & Prime Minister, 1874 - 1965
Online Gems & Links
Centers for Disease Control & Prevention - Healthy Aging
Harvard School of Public Health - Research Suggests
Optimistic Attitude Can Reduce Risk of Heart Disease in Older Men
Attitude Clothing Co. United Kingdom
A Series of Fortunate Events - Shopping for Real Estate South of the Border with Canadian Funds
The Canadian loonie has reached parity with the American greenback in the past some
weeks and is expected to reach US $1.05 by years end. While many manufacturers are
not pleased, cross border shopping is once again a sport in vogue! But cross border
shopping for what? With many parts of the US residential real estate market soft or
tumbling, and the Canadian dollar performing so well against the US dollar, cross
border shopping now includes real estate.
While this certainly will not last forever, the climate is currently favourable for
Canadians to invest in United States real estate or move up plans to buy US real
estate now. Whether you are an investor, a snowbird or looking for housing, there
may not be a better time to seriously take a look across the border.
The Globe & Mail reports that new subdivisions across the Washington State – B.C.
border are selling 85% of their 650 homes to Canadian, up from the original 50%
expectation.
Snowbirds are finding opportunities very favourable, whether it is Florida, California
or Hawaii. This has caused some to move up their plans to buy retirement properties
now rather than four or five years from now.
Canadians did not develop the lending practices to the extent they were evolved in the
United States. Therefore Canadians are more likely to put a larger down payment making
financial institutions look more favourably upon Canadians.
Canadians are not the only ones recognizing this opportunity. Some American hedge
funds are focusing exclusively on this opportunity, as are various European investors
from places such as Ireland, Britain, Spain, Italy. Others include Hong Kong and the
Middle East. In the commercial arena, foreign
Strong consumer confidence levels characterize the GTA at present. Many boomers,
flush with stock market gains accumulated in recent years, have moved to convert
paper wealth to material wealth. New volatility in capital markets may influence
boomers to take further advantage of the upswing in real estate.
Current and Previous Newsletters in PDF format
- 2007 -
October 2007 Newsletter
September 2007 Newsletter
Fall Special 2007 Newsletter
August 2007 Newsletter
July 2007 Newsletter
June 2007 Newsletter
May 2007 Newsletter
April 2007 Newsletter
March 2007 Newsletter
February 2007 Newsletter
January 2007 Newsletter
- 2006 -
December 2006 Newsletter
November 2006 Newsletter
October 2006 Newsletter
September 2006 Newsletter
August 2006 Newsletter
Thanks for visiting here and have a great day!
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