Corinne McCabe , Broker

Bosley Real Estate Ltd., Brokerage

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

Please visit our Open House at 40 Westlake AVE in Toronto.
Open House on Saturday, October 31, 2015 2:00PM - 4:00PM
Spacious, Bright, Wide Semi In The Best Pocket Of Danforth Village! You Will Love This Well Maintained 3+1 Bedroom 2 Bath Home, W/Plenty Of Space For A Growing Family. Renovated Kitchen W/Centre Island Combined W/Dining Room For Great Entertaining. Steps To The Subway, Danforth Go, Shops On Danforth & Diagonally Across From Stephenson Park W/New Playground & Neighbourhood Events. Plenty Of Street Parking. Open House Friday 5-7, Sat & Sun 2-4.
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New featured property at 40 Westlake AVE in Toronto.
Spacious, Bright, Wide Semi In The Best Pocket Of Danforth Village! You Will Love This Well Maintained 3+1 Bedroom 2 Bath Home, W/Plenty Of Space For A Growing Family. Renovated Kitchen W/Centre Island Combined W/Dining Room For Great Entertaining. Steps To The Subway, Danforth Go, Shops On Danforth & Diagonally Across From Stephenson Park W/New Playground & Neighbourhood Events. Plenty Of Street Parking. Open House Friday 5-7, Sat & Sun 2-4.
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While the Blue Jays post season run came to a halt last week Toronto’s real estate market is having a run of its own.  Now that the election is over, and the world DIDN’T end, Sellers can go back to selling and Buyers can go back to buying…..and buying they did….in spades. Unless you count Halloween as a significant event, we should see a steady trading pace for the next few weeks.

 

 

Listings improved slightly in the freehold sector last week. While demand is still extremely high, the 3% increase in available listings caused a significant rise in multiple offers last week moving from a low of 36% two weeks ago to nearly 59% last week. The number of sales shot up 63% from 113 to 184 units in the downtown core. The hot district shifted back to the east core where over 70% of homes traded at or above the list price.

 

 

Listings in the resale condominium sector are down for the third week in a row. Inventory of condo listings has not been this low since February 20th, 2015 (with the exception of one week in late August). Sales on the other hand jumped by nearly fifty units since last week to 216. Sales at or above the list price now hovers at 24.1% with the $700k-$1.5m range in the central core being the hot spot last week by registering 6 out of 18 sales at or above the list price.

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New featured property at 199 Woodmount AVE in Toronto.
Beautifully Updated & Ready To Move In This Sunfilled & Charming Bungalow Has Fabulous Main Floor Flow & Feel! Much Larger Than It Looks! Stunning Living Room Opens To Kitchen & Then To Rear Addition Dining Room Which Overlooks Gorgeous Backyard! Modern Kitchen W/Breakfast Bar & W/O To Patio! Good Size Bedrooms & Newly Renovated Baths! Custom Finished Basement! Lane Parking! All This In A Wonderful Family Friendly East York/Danforth Village Neighbourhood!
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This property has SOLD at 44 Deepwood CRES.
The Ultimate In Privacy, Tranquility And Convenience In The Heart Of Don Mills. This Exquisitely Renovated 5 Bedroom Home Is Set On A Quiet Crescent Backing On To The Ravine. An Entertainer's Delight- This Home Boasts A Modern Open Concept Kitchen And Family Room With Views To Extensive Decks And Forest In The Backyard. 5 Generous Bedrooms, 4 Spa-Inspired Washrooms, Main Floor Family Room And Lower Level Media Room.
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New featured property at 44 Deepwood CRES.
The Ultimate In Privacy, Tranquility And Convenience In The Heart Of Don Mills. This Exquisitely Renovated 5 Bedroom Home Is Set On A Quiet Crescent Backing On To The Ravine. An Entertainer's Delight- This Home Boasts A Modern Open Concept Kitchen And Family Room With Views To Extensive Decks And Forest In The Backyard. 5 Generous Bedrooms, 4 Spa-Inspired Washrooms, Main Floor Family Room And Lower Level Media Room.
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Please visit our Open House at 44 Deepwood CRES.
OPEN HOUSE: Saturday October 10, 2-4pm
The Ultimate In Privacy, Tranquility And Convenience In The Heart Of Don Mills. This Exquisitely Renovated 5 Bedroom Home Is Set On A Quiet Crescent Backing On To The Ravine. An Entertainer's Delight- This Home Boasts A Modern Open Concept Kitchen And Family Room With Views To Extensive Decks And Forest In The Backyard. 5 Generous Bedrooms, 4 Spa-Inspired Washrooms, Main Floor Family Room And Lower Level Media Room.
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This property has SOLD at 25 Palmer AVE in Toronto.
Welcome To Danforth Village! This Cute 2-Bed, 2-Bath Starter Home Checks All The Boxes! Great Neighbourhood! Spacious Kitchen, Wood Floor Throughout, Main Floor Bathrm, Legal Front Pad Parking, W/O To Private Back Deck & Garden, Loads Of Storage, Separate Entrance To Bsmt - Renovate & Rent! Recent Upgrades Incl. Roof (2014), Windows (2014), Bsmt Waterproofing (2012). 3-Mins To Danforth Ave, Main Ttc Subway, & Go Station. Home Inspection Available.
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In our latest Market Insight we suggested that the reason listings were down was a reaction to the upcoming Federal Election. While there is little reason to believe that, whatever the outcome, home prices would be adversely affected, we wanted to prove that the theory was sound. We have been keeping records on downtown Toronto real estate for just over three years but only through one other election, that being last year’s municipal election which took place on October 27th. We went back to the beginning of October 2014 and discovered that freehold listings decreased by 31% over the previous week while sales remained steady. The following week, October 17th, freehold listings backed off another 17% and sales slowed. By the next week the polls were reporting a clear lead for Mayor Tory and with the election essentially a fait accompli listings improved by 8% and sales shot up 64%. Immediately after the election, both in terms of listings and sales, activity returned to normal levels. 

 

According to Anthony Codling, housing analyst at the broker Jefferies, who has studied the last seven UK elections; “On average, and when compared to the level of transactions at the time of an election, transactions have been higher in the period six to 12 months prior to and one to six months after an election but the four months immediately preceding elections have typically seen housing transactions 3% to 8% below the level seen at the time of an election.  In our view, this confirms what we believe many intuitively believe; that the uncertainty regarding elections will delay a prospective homeowner’s decision to purchase a home.”

 

In the freehold sector, we have further proof of the theory. Listings again have dropped by another 3% while the number of sales remained unchanged. It is interesting to note that sales at or above the list price decreased from 70.6% two weeks ago to 62.5% last week, so while there are still plenty of buyers in the market they appear to have calmer heads come offer night. The west core continues its streak as the hot neighbourhood with more listings and more sales than the usually hot East core.

 

The condominium resale market remained relatively unchanged in terms of listings last week however sales improved for the fourth straight week. While last week’s growth was a more moderate 4% over the previous week it does show the continued strength of this segment of the overall Toronto real estate market. Even with 20.9% of those sales taking place at or above the list price, it is nowhere near the record level of 31.6% set the previous week.

 

Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake and Jordan, Ontario since 1928. We have four centrally located offices and over 240 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 report on the true temperature of the real estate market.

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New featured property at 25 Palmer AVE in Toronto.
Welcome To Danforth Village! This Cute 2-Bed, 2-Bath Starter Home Checks All The Boxes! Great Neighbourhood! Spacious Kitchen, Wood Floor Throughout, Main Floor Bathrm, Legal Front Pad Parking, W/O To Private Back Deck & Garden, Loads Of Storage, Separate Entrance To Bsmt - Renovate & Rent! Recent Upgrades Incl. Roof (2014), Windows (2014), Bsmt Waterproofing (2012). 3-Mins To Danforth Ave, Main Ttc Subway, & Go Station. Home Inspection Available.
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This property has SOLD at 28 Kimbourne AVE in Toronto.
This One Feels Like Home! Beautifully Presented Bright 3 Bdrm Semi With 2 Renovateded Baths, Hardwood Floors, Gas Fireplace, Inviting Front Porch, Lots Of Storage & Front Yard Parking. Positioned On A Quiet Tree-Lined Street In RH Mcgregor & Cosburn Middle School Districts. Walk To Subway, Danforth Shops & Restaurants, Libraries, Parks & Toronto East General. Renovated Sunny Kitchen Opens Onto A Private Mature Perennial Garden Oasis With A Spacious Deck - Perfect For Entertaining.
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