Friday, September 9, 2011

The Toronto International Film Festival & Why Bono, Madonna and Clooney should INVEST Here!!!!

The Toronto International Film Festival & Why Bono, Madonna and Clooney should INVEST Here!!!!




Trivia


The Ides of March was the day (March 15) that Julius Caesar was assassinated. In Shakespeare's "Julius Caesar" before being stabbed to death, Julius Caesar is told by a Soothsayer: "Beware the ides of March."











IDES OF MARCH film is about an idealistic staffer for a newbie presidential candidate gets a crash course on dirty politics during his stint on the campaign trail. Based on the play by Beau Willimon. It has it's first screening tonight in Toronto at Roy Thompson Hall. What does the Ides of March have to do with real estate? Caveat Emptor, "let the buyer beware" but what if it is good news we have to share?



I just reviewed the stats from the Toronto Real Estate Board. I am not a forensic accountant but I will try to simplify things for you. TREB reported that in August, there were 7,542 sales for the month. August 2010 there were 6,083 sales so we have experienced an approx 20% INCREASE in the number of sales compared to last year.



At the end of August there were only 17,248 homes for sale on the Toronto Real Estate Board, compared to 18,823 at the end of August 2010. That represents about an 8% drop! To put these numbers in “English”, we’re not getting enough new listings coming on to keep up with the number of sales that are happening. We are still in a very active market.



So the question remains .... what will happen to the market? My prediction remains the same. The market will continue to be very strong until at least the end of the year and well into 2012. There should still be price increases but a slower rates than we’ve experienced over the past 2 years. Inventory levels will likely increase slightly, however in most areas and price ranges, conditions will stay favouring Sellers.



Despite some troubling financial news we are hearing about what’s happening in the U.S. and Europe, in Canada and our area in particular, all indicators seem to point us out to be in pretty good shape. I’ll keep my ear to the ground and keep you posted if I hear anything change!



Enjoy the Toronto International Film Festival and if you see Ryan Gosling or George Clooney, tell them Lisa sent you.....(I assure you, they will not know who I am)



Lisa Portolese, Real Estate Sales Person for Royal LePage Kingsbury Realty, Graduate of the American Academy of Dramatic Arts and League of Rock Alumni....







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