Corinne McCabe ABR, Broker

Bosley Real Estate Ltd., Brokerage

Cell 416-888-9842 | info@corinnemccabe.com

This property has SOLD at 56 Pendrith ST in Toronto.
Location, Location, Location In Christie Pits! This Sweet Home Is Perfect For Young Buyers Starting Out. 2 Bedroom, 2 Baths In The Owner Suite W/A New Kitchen & New, Oversized Master Bath W/Laundry Hook-Up. A Separate Nanny Suite W/A 4 Piece Bath In The Basement Is A Great Extra, & It Has A Garage Off The Laneway!!! Quiet One Way , Tree Lined Street, Yet Steps To Ttc, Fiesta Farms, Schools, Loblaws & More.
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Please visit my Open House at 56 Pendrith ST in Toronto.
Open House on Sunday, June 17, 2018 2:00PM - 4:00PM
Location, Location, Location In Christie Pits! This Sweet Home Is Perfect For Young Buyers Starting Out. 2 Bedroom, 2 Baths In The Owner Suite W/A New Kitchen & New, Oversized Master Bath W/Laundry Hook-Up. A Separate Nanny Suite W/A 4 Piece Bath In The Basement Is A Great Extra, & It Has A Garage Off The Laneway!!! Quiet One Way , Tree Lined Street, Yet Steps To Ttc, Fiesta Farms, Schools, Loblaws & More. Open House Sat & Sun 2-4.
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Hard to believe we are almost half way through 2018. If that thought is depressing just psych yourself up for the best is yet to come. Sunshine and heat waves are in our future for the next few months, but are there signs that Toronto's real estate market has backed off slightly from the frantic pace that was the Spring market? Inventory levels are becoming a concern, particularly in the City of Toronto. The number of new listings this year compared to last year is 25% less, and that represents a pattern that has been emerging. Declining inventory will lead to rising prices and active competition for good properties in desirable neighbourhoods. We know the market is different this year but as the old saying goes .... nothing is as constant as change.

 

Case in point, the number of new freehold listings was up by 10% but the number of sales last week were down by 16%. With more listings coming to market why are we not seeing the sales? Are we seeing buyer fatigue already? The price range of $700 to $1.SM is again the most popular price range. Of the 92 properties that sold in that price range, 65 of them sold at or above the asking price. That's 62%!

 

Similar to the freehold market, the number of new condo listings was up by 12% last week and the number of sales were down by 10%. The hottest price point last week was the $400K-$700K sector in the central core where 58% of the condos sold at or above the list price. This is a strong indicator that the condo market is extremely healthy.

 

Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Port Hope and Cambridge Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.

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New featured property at 56 Pendrith ST in Toronto.
Location, Location, Location In Christie Pits! This Sweet Home Is Perfect For Young Buyers Starting Out. 2 Bedroom, 2 Baths In The Owner Suite W/A New Kitchen & New, Oversized Master Bath W/Laundry Hook-Up. A Separate Nanny Suite W/A 4 Piece Bath In The Basement Is A Great Extra, & It Has A Garage Off The Laneway!!! Quiet One Way , Tree Lined Street, Yet Steps To Ttc, Fiesta Farms, Schools, Loblaws & More. Open House Sat & Sun 2-4.
Read full post

Please visit my Open House at 56 Pendrith ST in Toronto.
Open House on Sunday, June 17, 2018 2:00PM - 4:00PM
Location, Location, Location In Christie Pits! This Sweet Home Is Perfect For Young Buyers Starting Out. 2 Bedroom, 2 Baths In The Owner Suite W/A New Kitchen & New, Oversized Master Bath W/Laundry Hook-Up. A Separate Nanny Suite W/A 4 Piece Bath In The Basement Is A Great Extra, & It Has A Garage Off The Laneway!!! Quiet One Way , Tree Lined Street, Yet Steps To Ttc, Fiesta Farms, Schools, Loblaws & More. Open House Sat & Sun 2-4.
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New featured property at 24 North Edgely AVE in Toronto.
Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Open House Sat/Sun 2-4Pm
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Please visit my Open House at 24 North Edgely AVE in Toronto.
OPEN HOUSE: Saturday & Sunday 2-4
Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Open House Sat/Sun 2-4Pm
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Please visit my Open House at 24 North Edgely AVE in Toronto.
Open House on Saturday, June 16, 2018 2:00PM - 4:00PM
Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Open House Sat/Sun 2-4Pm
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Please visit my Open House at 24 North Edgely AVE in Toronto.
Open House on Sunday, June 17, 2018 2:00PM - 4:00PM
Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Open House Sat/Sun 2-4Pm
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New featured property at 24 North Edgely AVE in Toronto.
This Stunning, Detached Bungalow Is Absolutely Lovely! Renovated W/True Pride Of Ownership. 3 Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Come To The Open House - Sat/Sun 2-4Pm.
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Please visit my Open House at 24 North Edgely AVE in Toronto.
OPEN HOUSE: Saturday & Sunday 2-4
This Stunning, Detached Bungalow Is Absolutely Lovely! Renovated W/True Pride Of Ownership. 3 Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Come To The Open House - Sat/Sun 2-4Pm.
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Please visit my Open House at 24 North Edgely AVE in Toronto.
Open House on Saturday, June 9, 2018 2:00PM - 4:00PM
This Stunning, Detached Bungalow Is Absolutely Lovely! Renovated W/True Pride Of Ownership. 3 Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Come To The Open House - Sat/Sun 2-4Pm.
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Please visit my Open House at 24 North Edgely AVE in Toronto.
Open House on Sunday, June 10, 2018 2:00PM - 4:00PM
This Stunning, Detached Bungalow Is Absolutely Lovely! Renovated W/True Pride Of Ownership. 3 Bedrooms, 2 Bathrooms & Gorgeous Open Concept Kitchen, Dining & Living Area - Perfect For Entertaining. Nanny Suite In The Basement W/Shared Laundry, Large 1 1/2 Car Garage W/Power At The Rear & A Separate Private Drive For 2 More Cars At The Front! Huge, Private & Fully Fenced Backyard W/A Garden Shed On A 40 X 140' Lot. Come To The Open House - Sat/Sun 2-4Pm.
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This property has SOLD at 202 Heward AVE in Toronto.
Wide & Detached 4 Unit Home On One Of The Best Streets In Leslieville W/ 2 Car Parking! Character Filled W/ Gorgeous Antique Rads & 2 Fireplaces (Not Operational), Lots Of Light, Shared Back Storage Shed & Lovely Maintained Gardens. Steps From Queen St E. & All Amenities It Provides. Units Have Been Tastefully Renovated & Many Upgrades Done To The House Over The Last 10 Years. Fabulous Tenants All Wish To Stay. Income & Expense Sheet & Available.
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Queen Victoria's birthday is behind us now and that means the activity is gearing up for the final push for the spring market before summer sets in and trekking to the cottage begins. It seems the spring weather never happened. We went from miserable rainy days to this weeks above average temperatures. The number of new listings this week should be on the rise but let's see next week how many of those will receive multiple offers. Every year it's the same story. Homeowners often prefer to wait for the flowers and trees to blossom before they list their homes for sale. Buyers will have more choice now!

Last week in the freehold market sellers were still holding back obviously waiting for the long weekend to come and go. New listings were down 23% from the previous week. We are reading in the news that people don't want to sell their existing properties because they worry it will be difficult to find their next house or condo, so they want to buy first before selling and that has been a challenge with fewer listings this year. The number of sold properties also dropped by 9% last week but a strong 70% sold at or above the list price.


The number of new condo listings was down while demand and sales had no change from the week before. There were 40% fewer listings week over week creating increased competition which resulted in 58% of available condos selling over the asking price. While the number of new listings has remained stable in the east and west, the noticeable drop is in the central core, proving once again that demand still exists for central condos.

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New featured property at 202 Heward AVE in Toronto.
Wide & Detached 4 Unit Home On One Of The Best Streets In Leslieville W/ 2 Car Parking! Character Filled W/ Gorgeous Antique Rads & 2 Fireplaces (Not Operational), Lots Of Light, Shared Back Storage Shed & Lovely Maintained Gardens. Steps From Queen St E. & All Amenities It Provides. Units Have Been Tastefully Renovated & Many Upgrades Done To The House Over The Last 10 Years. Fabulous Tenants All Wish To Stay. Income & Expense Sheet & Available.
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This property has SOLD at 2832 Dundas ST W in Toronto.
Incredible Opportunity To Own A Cool, Loft-Like Building In The Junction! Currently 3 Residential Units W/One Commercial Music Studio In The Rear. Exposed Brick, High Ceilings, Separate Entrance To The Basement & Shared Courtyard In The Back. Garage Door Still In Place Behind The Rear Studio Wall If Needed. Owner Occupied Main Floor, & All Other Tenants Are Awesome & Wish To Stay. Income/Expenses Sheet Available. By Appointment Only. You've Got To See This.
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This property has SOLD at 2832 Dundas ST W in Toronto.
Incredible Opportunity To Own A Cool, Loft-Like Building In The Junction! Currently 3 Residential Units W/One Commercial Music Studio In The Rear. Exposed Brick, High Ceilings, Separate Entrance To The Basement & Shared Courtyard In The Back. Garage Door Still In Place Behind The Rear Studio Wall If Needed. Owner Occupied Main Floor, & All Other Tenants Are Awesome & Wish To Stay. Income/Expenses Sheet Available. By Appointment Only.
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The media is at it again this week with grim news that the "Housing market stumbles in spring". Yes, we know the number of sales is down if we compare it to last years figures, but that is nothing new. Sales in the GTA have been down over the past year following a market correction that began last May, long before the stress-test rules were in place. But on a month-over-month basis, The GTA market has been stabilizing this year, with sales down just 1% in April compared to March on a seasonally adjusted basis. One of the factors in declining sales nationally has been a reduction in new homes listed for sale as sellers have sat on the sidelines waiting for the markets to strengthen. A decline in new listings has helped keep prices relatively stable even as the volume of sales has declined.


An impending long weekend has a natural cooling effect on the market with the freehold sector remaining relatively unchanged from the previous week, however sales were up 13% and competition for homes is still strong with an average 66% selling at or above the list price. Once again, the east end of the city (Riverdale and Leslieville) remain the hot spots. Properties in the $700K to $1.SM price range saw plenty of multiples and of those sold 76% sold at or over the asking price.


If you thought shifting your dreams of home ownership to the condo market would make life easier, you might be a little disappointed. This year we have watched as competition for resale condos increased dramatically. Last week the number of sold condos was up by 12% and of those sold 55% sold at or above the list price. Clearly, it's a seller's market for condos in Toronto. It was also great to see a 20% influx of new condos come to market last week with 425 new listings.

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New featured property at 2832 Dundas ST W in Toronto.
Incredible Opportunity To Own A Cool, Loft-Like Building In The Junction! Currently 3 Residential Units W/One Commercial Music Studio In The Rear. Exposed Brick, High Ceilings, Separate Entrance To The Basement & Shared Courtyard In The Back. Garage Door Still In Place Behind The Rear Studio Wall If Needed. Owner Occupied Main Floor, & All Other Tenants Are Awesome & Wish To Stay. Income/Expenses Sheet Available. By Appointment Only.
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