Corinne McCabe , Broker

Bosley Real Estate Ltd., Brokerage

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

This property has SOLD at 355 Sammon AVE in Toronto.
This Detached Home Is Absolutely Lovely! It Is Not Like Your Typical Bungalow, Large Open Concept Kitchen That Walks Out To A Gorgeous Rear Garden, Large Master Br W/Vaulted Ceilings, Basement Is Fully Finished W/Office Space, Rec Room & Good Sized Bedroom. This Is Truly Your Condo/Loft Alternative. Parking Pad In The Front Has Been Used For 7 Yrs W/O Issue, Although Not Licensed. Home Is In Great Shape & You Must See It! Open House Thurs 5-7, Sat/Sun 2-5.
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One of the best presents we got last week was the end of construction on the Gardiner Expressway. After more than a year of lane closures and avoidance at all costs, we are falling in love with our elevated highway all over again. No more playing “guess the alternative route across town”. This is great news for Realtors who can travel with ease across the bottom of the city... at least until the Pan Am games. 


In a surprising twist, new freehold listings backed off by a little over 8% last week. Most of that came as a result of fewer listings in the central core. While sales have remained strong we did notice that the number of bidding wars dropped to 68% (from 70% the week prior).  We are blaming this minor decrease on the crazy amount of rain that fell last week.  Also of note was a near sweep in the central core’s entry level category ($400K-$700K) where 11 out of 13 homes sold in multiple offers.


Following the freehold category’s lead, new condo listings fell by 11% from the week earlier. The big story is the number of sales which increased over 8% in the same period to 260 units. Sure that’s great news but the bigger story is the fact that the number of suites sold at or above the asking price has reached one of the highest levels since we have been tracking it. That number is a remarkable 29.6%. It is the east core condo market that is driving prices up with 8 out of 10 condos selling in multiple offers (compared to just 3 out of 15 in the west).

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This property has SOLD at 433 Montrose AVE in Toronto.
Sought After Neighbourhood Just South Of Bloor & Backing Onto Bickford Park, This Spacious 2 Unit Home W/Parking Is A Location Seekers Dream Come True! Each Unit Contains 2 Levels Of Finished Space, Bsmt W/Walkout To Patio, & 3rd Floor Access To Sun Deck W/City Views. Lovely, Co-Operative Tenants, Main Pays $1550 & Upper $1900 Utilities Included. Both Month-Month. No Open Houses - By Appt Only, So Book Your Showing Today. Great Potential, Superb Location.
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New featured property at 355 Sammon AVE in Toronto.
This Detached Home Is Absolutely Lovely! It Is Not Like Your Typical Bungalow, Large Open Concept Kitchen That Walks Out To A Gorgeous Rear Garden, Large Master Br W/Vaulted Ceilings, Basement Is Fully Finished W/Office Space, Rec Room & Good Sized Bedroom. This Is Truly Your Condo/Loft Alternative. Parking Pad In The Front Has Been Used For 7 Yrs W/O Issue, Although Not Licensed. Home Is In Great Shape & You Must See It! Open House Thurs 5-7, Sat/Sun 2-5.
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Please visit our Open House at 355 Sammon AVE in Toronto.
OPEN HOUSE: Thursday 5-7pm, Saturday & Sunday from 2-5pm
This Detached Home Is Absolutely Lovely! It Is Not Like Your Typical Bungalow, Large Open Concept Kitchen That Walks Out To A Gorgeous Rear Garden, Large Master Br W/Vaulted Ceilings, Basement Is Fully Finished W/Office Space, Rec Room & Good Sized Bedroom. This Is Truly Your Condo/Loft Alternative. Parking Pad In The Front Has Been Used For 7 Yrs W/O Issue, Although Not Licensed. Home Is In Great Shape & You Must See It! Open House Thurs 5-7, Sat/Sun 2-5.
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The other day we saw someone wearing shorts. No, seriously. It wasn't just some random kid trying to make a point either. It was actually warm outside which leads us to believe that road construction is just around the corner. If you are hoping to avoid traffic gridlock this summer, get that home purchase out of the way fast. At least that’s what many are doing right now.


New listings shot up over 32% since Easter. With more choice, it is clear that people are being a bit more selective. Sales increased by  5% and homes selling at or above the asking price backed off to 70% compared to 75.4% just a few weeks earlier. We thought it was interesting to note that the $3M+ category had one of its best weeks of the year recording 13 sales. For first time buyers, the east core remains the hot zone with 90% of home transactions happening in multiple offers (compared to 70% in the west core).


We love what`s happening in the condominium sector so far this year. Listings continue to trend upward (20.2% over the past two weeks) but sales have outpaced that growth substantially. In the same period, sales have accelerated by nearly 37%, one of the biggest increases since we have been keeping track. Clearly people are looking “up” when considering a new home as competition for good space continues to grow. This week, 28.2% of condos traded hands at or above the list price.

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New featured property at 433 Montrose AVE in Toronto.
Sought After Neighbourhood Just South Of Bloor & Backing Onto Bickford Park, This Spacious 2 Unit Home W/Parking Is A Location Seekers Dream Come True! Each Unit Contains 2 Levels Of Finished Space, Bsmt W/Walkout To Patio, & 3rd Floor Access To Sun Deck W/City Views. Lovely, Co-Operative Tenants, Main Pays $1550 & Upper $1900 Utilities Included. Both Month-Month. No Open Houses - By Appt Only, So Book Your Showing Today. Great Potential, Superb Location.
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Are you feeling confused and a bit out of sorts? It is most likely due to the “Holiday Vortex”…. Too many long weekends packed together. Fresh off March Break we rolled straight into the Easter long weekend. Common symptoms include weight gain and anxiety due to increased chocolate levels. Nevertheless there is one group that worked through the stress….Buyers, who despite fewer listings, racked up some impressive sales figures last week.


New listings in the freehold sector have had some ups and downs this year. Last week available listings fell 24% over a week earlier however sales exploded by almost 100% in the same period. If that doesn’t make you stand up and take notice, maybe this will….Over 75% of homes sold in the central Toronto corridor happened at or above the list price. This is the highest level of 2015 so far. No surprise that the $700K-$1.5M price range is the most active in the central neighbourhoods while the $400K-$700K are the most active in the east and west.


Meanwhile, the condominium sector recorded a 13% drop in new listings last week. While that follows the same trend as its freehold counterpart, we were surprised that despite sales dropping by nearly 24% (from 218 to 176 units), over 27% of sales happened at or above the list price. Our research indicates that the most coveted condominiums are ones located in established neighbourhoods and tend to be marketed towards end users.

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Have you heard?  Danforth Village is going to be totally revitalized with the new condos.  There is already Carmelina Condos just west of Woodbine, all built and soon to be complete.  But this one is called 'On The Danforth', and will be on the south side between Morton and Westlake.  It looks like it will be a great project, and I'm registered with the builder to get all the latest information, floorplans, pricing etc. first!  They have yet to formally launch, but I expect that to happen any day now.

 

So if you want to be kept in the loop of this exciting new development, let me know!

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This property has SOLD at 189 Woodmount AVE in Toronto.
Welcome To This Stunning One-Of-A-Kind Bungalow! Front Entrance Will Provide A Clear Sense Of Arrival. This Home Is A Masterful Composition Of Industrial Living With A Loft Flare. Great Cathedral Ceilings Allow Natural Light To Enter From All Directions. Entertainers Delight In Specially Designed Chef's Kitchen. Accessible Open Loft Space. Potential Basement Income Suite. Truly Stunning!
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