Corinne McCabe ABR, Broker

Bosley Real Estate Ltd., Brokerage

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

Happy Friday the 13th. Ah September. Our favorite month. The kids are back at school, the days are still warm, the nights are cool and we are all getting back into a groove. For us, September means more listing and sales activity and its time to open the floodgates for new property inventory. August inventory levels were challenging at best, but there was a sales rebound in Toronto which means house prices are rising once again. With the number of homes available for sale down by 11 % over the past year, competition between buyers is heating up again and multiple offers are once again on the rise.


Canadian homebuyers seem to be getting used to the new mortgage rules, and there have been some important changes at the federal level that are expected to help homebuyers:

•   The mortgage stress test qualification bar was recently lowered from 5.34% to 5.19% increasing purchasing power marginally.

•   The First Time Home Buyers Incentive (FTHBI) took effect on September 2, whereby eligible first-time buyers can get a shared equity government loan to help with the down payment.

•   The Home Buyers Plan (HBP) withdrawal limit increased from $25,000 to $35,000, toward the purchase of a first home.

•    Rumours of interest rate drops are circulating. Current mortgage rates can be found starting as low as 2.19% to as much as 2.89%.

The freehold sector witnessed a huge increase in new listings last week which clearly signaled the start of the fall market. There will be a week long lag in sales as the majority of these listings have offer dates for the following week.


The condominium sector performed similarly with an increase in new listings. Up 84% from the previous week with the centre of action being between $700K to $1.5M. While sales tapered off 10% over the previous week, activity continues 
to be strong with 42% of condos selling at or above the list price.

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This property has SOLD at 90 Frater AVE in Toronto.
Charming & Turn-Key Home On Small 3 Block Street. Beautifully Landscaped 2 Large Bdrms, Reno'd Baths, Finished Bsmt W/Add'l Bedroom, Lots Of Natural Light And W/O To 2 Separate Decks. A Stand Alone Garage Gives You Many Options: Park Your Car,Work Shop, Art Studio,Etc. Enjoy Dining Al Fresco W/ A Gas Line For Bbq, Outdoor Speakers, Wooden Privacy Slats. Updates Since 2014: Roof, Garage (Int), Deck,Waterproof/Sump, Driveway 2nd Floor Reno. Click for Neighborhood Information
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New featured property at Th15 1764 Rathburn RD in Mississauga.
Welcome To This Gorgeous One Of A Kind Town Home. Unlike All The Others, This Upgraded Unit Has A New Master 3 Piece Ensuite Bath! Most Just Have A Powder Room. Not To Mention The Fabulous 4th Bdrm On The Lower Level, With Its Own New 3 Piece Bath. Great For Visiting Guests! New Windows Throughout. New Patio Door And Living Room Fireplace Was Removed To Add More Living Space. Immaculate Condition. Clean As Whistle! Offers Anytime!
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New featured property at 326 1720 Eglinton AVE E in Toronto.
This Lovely Family Sized 2 Bdrm, 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/Lifeguard At Peak Hrs, Gym, Whirlpool, Tennis Court, Saunas & More.
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New featured property at 90 Frater AVE in Toronto.
Charming & Turn-Key Home On Small 3 Block Street. Beautifully Landscaped 2 Large Bdrms, Reno'd Baths, Finished Bsmt W/Add'l Bedroom, Lots Of Natural Light And W/O To 2 Separate Decks. A Stand Alone Garage Gives You Many Options: Park Your Car,Work Shop, Art Studio,Etc. Enjoy Dining Al Fresco W/ A Gas Line For Bbq, Outdoor Speakers, Wooden Privacy Slats. Updates Since 2014: Roof, Garage (Int), Deck,Waterproof/Sump, Driveway 2nd Floor Reno.
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The dog days of August are upon us and if you like it hot and sunny then this is a great summer, unless you’ve lost out on multiple offers and are frustrated with the low inventory of properties for sale. The good news is sales in the GTA for the month of July jumped 24% from the same period last year. Toronto sales have been rebounding all summer from a slump earlier this year as buyers are overcoming tougher mortgage qualification rules and returning to the market. With new listings slow to come to market, prices rose in July as demand outpaced supply. The average selling price for a home in Toronto in July was $839,943. The average condominium price was $627,927 up 7.7% from a year ago.


Listings may be slim right now but it’s a good time for buyers to take advantage of the slow summer with less competition, as there are deals to be found. Some buyers are watching as rivals flow out of town for their summer vacations and can take advantage of their absence to snag a good deal. Properties listed in desirable locations will always attract plenty of buyers no matter what time of the year.


The freehold sector reversed an earlier trend of increased listings by recording a slight 18% drop in available homes last week while also recording a 16% drop in sales. However, competition for those homes was up, with almost 55% of home transactions selling at or above the asking price. The condo market also saw a sharp 33% decrease in new listings from the previous week, but the sales remained unchanged with over 47% of suites selling at or above the list price.

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This property has SOLD at 108 Wesley ST in Toronto.
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Prepare To Be Charmed.
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Please visit my Open House at 108 Wesley ST in Toronto.
Open House on Saturday, August 3, 2019 2:00 PM - 4:00 PM
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Open House Thursday 5-7Pm & Saturday/Sunday 2-4Pm. Prepare To Be Charmed.
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Please visit my Open House at 108 Wesley ST in Toronto.
Open House on Sunday, August 4, 2019 2:00 PM - 4:00 PM
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Open House Thursday 5-7Pm & Saturday/Sunday 2-4Pm. Prepare To Be Charmed.
Read full post

New featured property at 108 Wesley ST in Toronto.
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Open House Thursday 5-7Pm & Saturday/Sunday 2-4Pm. Prepare To Be Charmed.
Read full post

Please visit my Open House at 108 Wesley ST in Toronto.
OPEN HOUSE: Thursday Aug 1, 5-7pm, Saturday August 3, 2-4pm, Sunday August 4, 2-4pm
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Open House Thursday 5-7Pm & Saturday/Sunday 2-4Pm. Prepare To Be Charmed.
Read full post

Please visit my Open House at 108 Wesley ST in Toronto.
Open House on Sunday, August 4, 2019 2:00 PM - 4:00 PM
This Gorgeous 2 + 1 Bed, 2 Bath Home Is Super Sweet, Detached & Has Parking! The Kitchen Has Been Beautifully Renovated While Keeping W/The Character Of The Home & Newer Hardwood Throughout The Main Floors Are Stunning. Great, Fully Fenced Yard W/Oversized Deck Is Perfect For Enjoying The Summer, & Dining Al Fresco, & Basement W/Bedroom & 4 Piece Bath Would Make A Great Nanny Suite. Open House Thursday 5-7Pm & Saturday/Sunday 2-4Pm. Prepare To Be Charmed.
Read full post

Please visit my Open House at Th15 1764 Rathburn RD in Mississauga.
Open House on Saturday, July 20, 2019 2:00 PM - 4:00 PM
Welcome To This Gorgeous One Of A Kind Town Home. Unlike All The Others, This Upgraded Unit Has A New Master 3 Piece Ensuite Bath! Most Just Have A Powder Room. Not To Mention The Fabulous 4th Bdrm On The Lower Level, With Its Own New 3 Piece Bath. Great For Visiting Guests! New Windows Throughout. New Patio Door And Living Room Fireplace Was Removed To Add More Living Space. Immaculate Condition. Clean As Whistle! Offers Anytime! Open House July 20 & 21, 2-4pm.
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Please visit my Open House at Th15 1764 Rathburn RD in Mississauga.
Open House on Sunday, July 21, 2019 2:00 PM - 4:00 PM
Welcome To This Gorgeous One Of A Kind Town Home. Unlike All The Others, This Upgraded Unit Has A New Master 3 Piece Ensuite Bath! Most Just Have A Powder Room. Not To Mention The Fabulous 4th Bdrm On The Lower Level, With Its Own New 3 Piece Bath. Great For Visiting Guests! New Windows Throughout. New Patio Door And Living Room Fireplace Was Removed To Add More Living Space. Immaculate Condition. Clean As Whistle! Offers Anytime! Open House July 20 & 21, 2-4pm.
Read full post

New featured property at Th15 1764 Rathburn RD in Mississauga.
Welcome To This Gorgeous One Of A Kind Town Home. Unlike All The Others, This Upgraded Unit Has A New Master 3 Piece Ensuite Bath! Most Just Have A Powder Room. Not To Mention The Fabulous 4th Bdrm On The Lower Level, With Its Own New 3 Piece Bath. Great For Visiting Guests! New Windows Throughout. New Patio Door And Living Room Fireplace Was Removed To Add More Living Space. Immaculate Condition. Clean As Whistle! Offers Anytime! Open House July 20 & 21, 2-4pm.
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The sun is shinning, the birds are chirping, and the hot weather is finally here —  summer is in full swing. It seems that everywhere you look, glowing faces and lush gardens greet your gaze. A laid-back attitude seems to be permeating these days. As we have settled in after the long weekend, the real estate stats were released for the month of June, and its all good news! The average sale price for a home in the City of Toronto is $915,481, up 5% from a year ago and the number of sales recorded for the entire GTA was up 10%. Home sales and prices have perked up from a depressed 2018. Buyers started moving off the sidelines in the spring, and because we saw virtually no change in the number of new listings, market conditions tightened and price growth picked up, especially for more higher density home types like condos.


It’s easy to see the freehold sector shifting into summer mode. Listings were up slightly last week by 9% over the previous week, but sales were dramatically down with 52% fewer sales last week in all areas of the city. If we go back exactly a year ago and check the stats, they are almost identical to now. Homes selling at or above the list price has dropped to 38%. We believe the buyers are still active in the marketplace but are taking a bit more time to make their decision.


The condo market buyers and sellers expressed a similar sentiment. The last thing anyone wants to do is hang around the city when all their friends are at the cottage. That explains the 46% decline in sales last week although listings increased by 14%. The percentage of suites still selling at or above the list price has dropped slightly down to 33%. Summer market statistics are often not the best indicators of housing market conditions.

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Today we welcome summer, the longest day of the year! Back in the good old days of real estate Realtors would work hard up until the end of June and then they would take it easy for the summer months, as did the buyers. Over the past few years the Spring market has lasted well into summer with usually just a short break in the dog days of August. This year is no different. Listings may have slowed somewhat but the activity and the sales are still going strong. We think because of the weather not feeling HOT just yet, buyers are still attending open houses in droves and competing in bidding wars for that “perfect” home.


The freehold market has reversed its month-long trend by recording nearly 13% fewer listings last week. The sales have remained unchanged week-over-week but the number of properties that sold at or above the asking price was up to 62%, substantially higher than the previous weeks. This could be because inventory is lower and there is news in the media that mortgage rates might be are coming down which might be contributing to the bidding wars.


The condo market buyers and sellers expressed a similar sentiment. Listings were down slightly by 10% but sales were surprisingly up by 7% week-over-week. Increasing demand continues to push condo values higher. Of those recorded sales, 53% sold at or above the asking price. For most of this year the average sold-over-ask percentage has been anywhere between 48% to a high of 58% in the condo sector.

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This property has SOLD at 26 Ashland AVE in Toronto.
This Charming 3 Bed, 2 Bath Home In A Near Perfect Location Can Be Yours In Time To Enjoy The Summer! Move Right In & Create Your Dream Kitchen When You're Ready. Orchard Park At The End Of The Street Ping-Pong, Fire Pits & Skating In The Winter. Walk To Woodbine Park For The Vibrant Festivals, & Stroll To Ashbridges Bay For The Fireworks! Legal Front Pad Parking. A 6'5" High Basement W/Bath, Wet Bar & Separate Entrance Would Make A Great In-Law Suite.
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New featured property at 26 Ashland AVE in Toronto.
This Charming 3 Bed, 2 Bath Home In A Near Perfect Location Can Be Yours In Time To Enjoy The Summer! Move Right In & Create Your Dream Kitchen When You're Ready. Orchard Park At The End Of The Street Ping-Pong, Fire Pits & Skating In The Winter. Walk To Woodbine Park For The Vibrant Festivals, & Stroll To Ashbridges Bay For The Fireworks! Legal Front Pad Parking. A 6'5" High Basement W/Bath, Wet Bar & Separate Entrance Would Make A Great In-Law Suite.
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Please visit my Open House at 26 Ashland AVE in Toronto.
Open House on Saturday, June 8, 2019 2:00 PM - 4:00 PM
This Charming 3 Bed, 2 Bath Home In A Near Perfect Location Can Be Yours In Time To Enjoy The Summer! Move Right In & Create Your Dream Kitchen When You're Ready. Orchard Park At The End Of The Street Ping-Pong, Fire Pits & Skating In The Winter. Walk To Woodbine Park For The Vibrant Festivals, & Stroll To Ashbridges Bay For The Fireworks! Legal Front Pad Parking. A 6'5" High Basement W/Bath, Wet Bar & Separate Entrance Would Make A Great In-Law Suite.
Read full post