Corinne McCabe , Broker

Bosley Real Estate Ltd., Brokerage

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

This property has SOLD at 1203 255 Richmond ST E in Toronto.
Bright & Spacious, This Lovely South-Facing Unit Is Spacious & All On One Floor. Large Balcony For Friends To Sit & Have A Physically Distanced Cocktail! Oodles Of Storage & A Huge Walk-In Closet. Bathroom Is Quite Roomy W/Ensuite Laundry, A Deep Tub/Shower & A Separate Stand-Up Shower Stall. Steps From St. Lawrence Market, Trendy Shops, Grocery Stores & Restaurants. Quick Walk To Yonge & The Financial Core, And Steps To TTC. Click for Neighborhood Information
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New featured property at 19 Sydenham ST in Toronto.
Amazing & Bright 3 Bedroom, 3 Bathroom Freehold Townhouse In The Heart Of Downtown Toronto. Recently Renovated Top To Bottom, There's Nothing Left To Do But Move In. Imagine Having A Private Drive & Garage, A Private Fenced Yard & A 3rd Floor Deck?!? More Space Than You Can Imagine For Your Perfect Urban Living Experience. Steps To Queen Ttc, Regent Park Aquatics Centre, & Close To The Distillery District Too. Flexible Closing, But 90 Days Preferred.
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New featured property at M15 350 Wellington ST W in Toronto.
Sweet One Bedroom Condo In Th Heart Of Downtown In Toronto's Soho Hotel Building, Which Gives You Full Access To Fantastic Resort-Like Amenities. Private & Quiet West-Facing Unit With No One Looking In On You. Engineered Hardwood Floors, Freshly Painted, Clean, & Ready For You To Move In Anytime! Steps To Ttc, Dog Park, Shops The Best Restaurants & Theaters The City Has To Offer, Not To Mention Just A Few Minutes To The Lake! You Won't Want To Miss This One!
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This property has SOLD at 710 1359 Rathburn RD E in Mississauga.
What An Amazing South-West View! Totally Unobstructed So Watching The Sunsets In The Evening From The Large Balcony Will Be Your New Favourite Time Of The Day. This Partially Furnished 2 Bedroom 2 Bath Unit With A Den For A Home Office Is Wonderfully Laid Out With No Wasted Space. High Ceilings, Wood Floors, And Parking In A Quite Building Will Make This Rental Feel More Like A Home. September 15/October 1 Occupancy For Wonderful Tenants.
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New featured property at 1203 255 Richmond ST E in Toronto.
Bright & Spacious, This Lovely South-Facing Unit Is Spacious & All On One Floor. Large Balcony For Friends To Sit & Have A Physically Distanced Cocktail! Oodles Of Storage & A Huge Walk-In Closet. Bathroom Is Quite Roomy W/Ensuite Laundry, A Deep Tub/Shower & A Separate Stand-Up Shower Stall. Steps From St. Lawrence Market, Trendy Shops, Grocery Stores & Restaurants. Quick Walk To Yonge & The Financial Core, And Steps To TTC. Click for Neighborhood Information
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Canadian real estate prices are growing at a breakneck speed. More homes were sold in July than any other month on record, with data going back more than 40 years. The performance of the housing market during this pandemic recession has been a big surprise. The price of a typical home across Canada reached $637,600 in July, a 7.56% increase compared to the same month last year. Canadian real estate buyers are shrugging off the pandemic, as a temporary inconvenience. The Canadian Real Estate Association (CREA) data shows prices made a huge increase, not just in known “hot” markets like Toronto, Ottawa, and Montreal but in almost every real estate market across Canada.

 

The massive increases this year represents a significant portion of gains made over the past 3 years. Montreal real estate prices are up 14.04% in July, compared to last year - making up almost half of the 29.21% increase made over the past 3 years. Toronto’s 10.11% increase over the past 12-months, contrasts with a 14.51% increase over the past 3 years. In Vancouver, prices increased 4.83% over the past 12-months, but just 1.61% over the past 3 years. For Toronto, this means the past year has seen growth twice as fast as the previous two years.

 

Sales have also been helped by low mortgage rates with rates for five-year fixed-rate mortgages being offered at less than two percent. The robust price growth right across the country, comes even as indicators like employment, rental rates, and immigration fall. When prices rise across the board despite a breakdown of these indicators, its almost certainly a result of too much easy credit.

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New featured property at 710 1359 Rathburn RD E in Mississauga.
What An Amazing South-West View! Totally Unobstructed So Watching The Sunsets In The Evening From The Large Balcony Will Be Your New Favourite Time Of The Day. This Partially Furnished 2 Bedroom 2 Bath Unit With A Den For A Home Office Is Wonderfully Laid Out With No Wasted Space. High Ceilings, Wood Floors, And Parking In A Quite Building Will Make This Rental Feel More Like A Home. September 15/October 1 Occupancy For Wonderful Tenants.
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The real estate market remains hot! July was a record-breaking month for real estate as the GTA reported 11,081 sales - a 29.5% increase over July 2019 and a new record for the month of July. It’s hard to believe we are in a pandemic and the numbers for July are mind boggling. 
We are seeing the results of pent up activity from both buyers and sellers, that has been accumulating over that last few months. Low interest rates and limited overall supply are also increasing competition across our market. Here are some of the results for July: 


AVERAGE SALE PRICE FOR TORONTO - $1,017,320

Up 21% from $839,943 – July 2019


AVERAGE DETACHED FOR TORONTO - $1,541,003

Up 25% from $1,227,301 – July 2019


AVERAGE SEMI-DETACHED FOR TORONTO - $1,181,014

Up 20% from $981,802 -July 2019


AVERAGE CONDO PRICE TORONTO - $682,999

Up 8.8% compared to $627,927 - July2019


NEW LISTINGS - 17,956

Up 24% compared to 14,393 – July 2019

 

NUMBER OF SALES - 11,081

Up 29.5% compared to 8,595 – July 2019


Price growth was strongest for low-rise home types, notably within the City of Toronto. Despite more balanced market conditions in the condo market, year-over-year price growth remained in the high single digits. We also experienced stronger sales growth in the more expensive detached market sector, which helps explain why the overall average selling price was high. The real estate board has said that its original pre-Covid forecast of 10% price growth for 2020 could still be realized, but it all depends on whether we get a second wave of the virus.

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The Ontario government has lifted the ban on public open houses effective today in regions entering Stage 3 and Toronto is expected to follow suit by the end of the month. But is this such a good idea? Will sellers allow them? And will buyers attend? And what about the safety of the Realtor? The topic has become a hot one among real estate agents. Many people would attend open houses as a pastime – even if they weren’t planning to buy right away. Open houses were just an easy way to see homes and sometimes viewed as an ineffective way of driving traffic to a property. So far business has been booming in Toronto and the surrounding regions with no open houses. Sales representatives can now market your home effectively using an array of technological tools that can be accessed easily by buyers. Virtual viewings are now mainstream, have increased in popularity and have a much wider audience reach. Statistics show that consumers using virtual tools are more likely to reach out to a Realtor. If agents had been unable to do business maybe open houses would be necessary, but agents and their clients have adapted to the new ways of doing business. Safety first! 


Last week the freehold market recorded a solid 10% increase in new listings, and overall sales were up a whopping 40% from the previous week. Competition for homes is still strong with 63% of all properties selling at or above the list price While this is frustrating buyers across the 416 that same enthusiasm for home ownership is spreading throughout the province, all the way up to cottage country. 

The condo market continues its positive activity. New listings did not change from the previous week, but sales jumped 40%, the largest jump in weeks. The percentage of suites selling at or above the list price is at 37%. The demand is picking up for condos again.

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New featured property at 326 1720 Eglinton AVE E in Toronto.
This Lovely Family Sized 2 Bed, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. Quiet, North Facing Overlooking The Trees & Courtyard & A Lovely Open Balcony To Enjoy It. This Building Is Family Friendly, Pet Friendly & Recently Designated As Smoke Free. Ttc Right At The Corner, W/The Future Lrt's Sloane Stop. Resort-Like Amenities; 24 Hr Concierge, Outdoor Pool W/L/Lifeguard At Peak Hrs, Gym, Whirlpool, Tennis Court, Saunas & More.
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The Ontario Real Estate Association (OREA) recently retained Nanos Research to do a survey among Ontarians actively in the real estate market. The takeaway was that despite economic uncertainty due to the pandemic, homeownership is seen as a good investment.


Here are some of the results:

• Six in ten Ontarians active in the real estate market consider buying a home a very good investment even in the current environment.

• Four in ten who are active in the housing market say they would be open to buying a house if they could only view it virtually.

• Eight in ten say it would be important to use a Realtor to help with the purchase of their home, and this is consistent across all age groups.

• Six in ten Ontarians who own a home and plan to sell in the next two years are not sure when they will list their home (61%), while 28% say they will list as soon as the pandemic is over, and 11% say they will list in the next few months.

• A majority of Ontarians say being in isolation at home has not changed their view of what they want in their next home (74%), while 26% say it has changed what they want in their next home.

• Nine in ten who own a home and are active in the real estate market report they have not refinanced their home or used a home equity line of credit to cope financially during Covid.

• Residents of the City of Toronto are most likely to report they plan to buy a home in the next two years (59%), and younger Ontarians (18 to 34) are more likely to report they plan to buy (59%), than those 55 plus (23%). Renters are significantly more likely to report  they plan to buy in the next two years (87%) than homeowners (27%).

• Four in ten Ontarians who own their home have taken advantage of the pandemic to renovate, repair or upgrade their home. Asked for the approximate value of the renovations and repairs, $18,960.

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Toronto home sales rebounded in June, with the average selling price up 12% from the same month last year to $1,022,138. (first time we have surpassed $1 million) For the GTA region the average price of a home hit $930,869 also up 12%. Competition is heating up again with multiple offers and bids well over asking prices. Home buyers were forced to put their purchases on hold when the pandemic hit in March. Now that Ontario and Toronto are easing restrictions, buyers have started to pounce. The GTA saw 8,701 homes sold in June, up 84% compared to May and signals suggest that some of that momentum is continuing into July.


In the surrounding suburbs and nearby cities, prices also surged, in part because of demand from Torontonians looking for more space. The strongest price growth for the city of Toronto were the semi-detached homes up 22% from a year ago to an average of $1,287,832 and detached homes up 14.3% to an average of $1,523,770. The condo market also saw a price growth of 5.6% in Toronto, where the average price is now $672,000.


How long will this “catch-up phase” last? Some economists predict this frenzied pace will not last. CHMC said it is too soon to revise its forecast and pointed to a number of risks that could hamper the housing market, including sustained job losses, a slow recovery and a second outbreak of COVID-19 cases leading to another lockdown. The agency had also forecasted a decline in home prices of up to 18 per cent for this year although so far that is not bearing out, with the Toronto region’s housing market on fire. We are still in the early days of recovery, but a gradually improving labour market – (Statistics Canada today posted the economy added nearly one million jobs in June ) and historically low mortgage rates are expected to support a recovery in the second half of 2020, barring any setbacks. 

B
osley 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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This property has SOLD at 1501 33 Mill ST in Toronto.
What A Wonderful Unit In Pure Spirit Condos! Bright Open Space With Floor To Ceiling Windows In Toronto's Historic Distillery District. High 9' Ceilings Add To The Spaciousness Along With An Oversized Balcony For Your Outdoor Entertaining Area. Resort-Like Amenities (When They Open) Will Add To The Condo-Living Experience You'll Love, Not To Mention Steps From Everything Your Heart Could Desire. Virtual Open House (On-Line) Saturday At 2Pm, & Offers Anytime! Click for Neighborhood Information
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This property has SOLD at Lower 10 Sylvan AVE in Toronto.
Live On The Lower Floor Of This Completely Renovated, Stunning 4 Unit Home Built In 1888 Backing Onto Dufferin Grove Park. This Gorgeous 2 Bedroom Unit Has Been Meticulously Designed W/Discerning Quality & Taste. Features Include 8' Ceilings, Large Windows, Quartz Counters, Stainless Steel Appls., A Large Bathroom W/Claw Foot Tub & Shower. Now Vacant.
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Please visit my Open House at 1501 33 Mill ST in Toronto.
Virtual Open House on Saturday, June 27, 2020 2:00 PM - 2:20 PM
What A Wonderful Unit In Pure Spirit Condos! Bright Open Space With Floor To Ceiling Windows In Toronto's Historic Distillery District. High 9' Ceilings Add To The Spaciousness Along With An Oversized Balcony For Your Outdoor Entertaining Area. Resort-Like Amenities (When They Open) Will Add To The Condo-Living Experience You'll Love, Not To Mention Steps From Everything Your Heart Could Desire. Virtual Open House (On-Line) Saturday At 2Pm, & Offers Anytime! Click for Neighborhood Information
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New featured property at 1501 33 Mill ST in Toronto.
What A Wonderful Unit In Pure Spirit Condos! Bright Open Space With Floor To Ceiling Windows In Toronto's Historic Distillery District. High 9' Ceilings Add To The Spaciousness Along With An Oversized Balcony For Your Outdoor Entertaining Area. Resort-Like Amenities (When They Open) Will Add To The Condo-Living Experience You'll Love, Not To Mention Steps From Everything Your Heart Could Desire. Virtual Open House (On-Line) Saturday At 2Pm, & Offers Anytime! Click for Neighborhood Information
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Open houses have been suspended throughout the COVID-19 pandemic and while real estate services were declared essential and have continued uninterrupted, agents have innovating methods for home-showings like Facebook Live, 3-D video tours, Zoom and a good portion of real estate transactions including paperwork occurs electronically. Consumers are adapting during this extraordinary time, and their willingness to embrace new tools tells us that the Canadian dream of home ownership remains strong, even during the COVID-19 pandemic. 


Though there has been a drop in listings, the prices in the GTA have largely been unaffected by the global pandemic so far. Nearly half of Ontarians who plan to buy a home in the next two years say that they are willing to consider going ahead with a purchase even if they can only view the property virtually, according to a new poll commissioned by the Ontario Real Estate Association. The poll also revealed that there is a portion of prospective sellers that have held off on listing their properties for sale due to COVID-19, but 54 per cent of them are willing to consider virtual showings or somewhat open to the idea.


The poll conducted by Nanos Research on behalf of the OREA found that 48.9 per cent of prospective buyers are either open or somewhat open to buying a house virtually compared to 46.6 per cent who say that they are not open to the idea. Meanwhile, about 26 per cent said that they would buy a home as soon as the pandemic concludes. About 61 per cent of prospective buyers and sellers, meanwhile, said that the pandemic did not have an impact on their decisions to list or buy properties. 


Meanwhile, last week we saw another 23% jump in freehold listings and a slight increase in sales but of those, 75% sold at or above the asking price. The condo sector also saw a 29% increase in listings and the sales were up 18% with 42% of those selling at or above the list price. While continued tightening of mortgage lending continues, it has not put a damper on the market.

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This property has SOLD at 28 Blong AVE in Toronto.
This Delightful Home In Prime Leslieville Is On One Of The Prettiest, Tree-Lined Dead End Streets. A True Brick Victorian W/Parking & 10' Ceilings Is Delightful Just The Way It Is, Or Renovate It Into A Real Showstopper. Cathedral Ceilings, 3rd Floor Deck & Skylights Allow For An Open & Airy Feel. Former 3rd Bedroom Sacrificed For A Large, Spa-Size Bathroom & Open Concept Den. Live-Stream Open House May 30, 2-2:30Pm Est. https://www.facebook.com/danforthvillagehouses/posts/1349822558540825 Click for Neighborhood Information
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Please visit my Open House at 28 Blong AVE in Toronto.
Open House on Friday, May 29, 2020 6:30 PM - 7:00 PM
This Delightful Home In Prime Leslieville Is On One Of The Prettiest, Tree-Lined Dead End Streets. A True Brick Victorian W/Parking & 10' Ceilings Is Delightful Just The Way It Is, Or Renovate It Into A Real Showstopper. Cathedral Ceilings, 3rd Floor Deck & Skylights Allow For An Open & Airy Feel. Former 3rd Bedroom Sacrificed For A Large, Spa-Size Bathroom & Open Concept Den. Live-Stream Open House May 30, 2-2:30Pm Est. https://www.facebook.com/danforthvillagehouses/posts/1349822558540825 Click for Neighborhood Information
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Please visit my Open House at 28 Blong AVE in Toronto.
Live Steam Open House
This Delightful Home In Prime Leslieville Is On One Of The Prettiest, Tree-Lined Dead End Streets. A True Brick Victorian W/Parking & 10' Ceilings Is Delightful Just The Way It Is, Or Renovate It Into A Real Showstopper. Cathedral Ceilings, 3rd Floor Deck & Skylights Allow For An Open & Airy Feel. Former 3rd Bedroom Sacrificed For A Large, Spa-Size Bathroom & Open Concept Den. Live-Stream Open House May 30, 2-2:30Pm Est. https://www.facebook.com/danforthvillagehouses/posts/1349822558540825 Click for Neighborhood Information
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