Corinne McCabe , Broker

Bosley Real Estate Ltd., Brokerage

Cell 416-888-9842 | corinne.mccabe@me.com

Market Update for June 22, 2018

0, Canada: Canada Day- Summer may officially start June 21, but for many, Canada's birthday heralds the official kickoff of summer. For parents it means no more early morning rush to get the kids packed up for school and traffic around the city gets a little lighter. As we cruise into the hot summer months we have the opportunity to take a bit of a breather from our fast-paced lives, take a trip out of town, or enjoy time sitting by the dock or under your favorite patio umbrella ... unless you are trying to buy a house, in which case all bets are off.


After a flurry of listing activity in the last two weeks, listings tapered off last week by 7% and sales were also down by 5%. It's not unusual to see this happening a week before a long weekend. The high-end price range of $3M plus saw 23 new listings come to market last week. Competition for homes is still strong with 53% selling at or above the asking price. We believe that buyers are still very active in the market place but are taking a but more time to make a decision.

Last week in the condo sector there were 10% fewer listings on the market but we were excited to see a 15% increase in sales week over week. Of those recorded sales, 58% sold at or over the list price. Bigger suites in the downtown core,

particularly those in the $700k - $1.Sm range are receiving the most attention with over half selling above the list price.

 

"Great promise and responsibility await Canada. As we look ahead we will continue to rise to the most pressing challenges we face. We will meet these challenges the way we always have -with hard work, determination and hope.”

J.Trudeau

 

Happy Canada Day!

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This property has SOLD at 56 Pendrith ST in Toronto

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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Open House. Open House on Sunday, June 17, 2018 2:00PM - 4:00PM

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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Market Update for June 8, 2018

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 property listed in Dovercourt-Wallace Emerson-Junction, Toronto W02

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

Open House. Open House on Sunday, June 17, 2018 2:00PM - 4:00PM

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 property listed in Clairlea-Birchmount, Toronto E04

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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Open House. OPEN HOUSE: Saturday & Sunday 2-4

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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Open House. Open House on Saturday, June 16, 2018 2:00PM - 4:00PM

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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Open House. Open House on Sunday, June 17, 2018 2:00PM - 4:00PM

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 property listed in Clairlea-Birchmount, Toronto E04

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.
Read

Open House. OPEN HOUSE: Saturday & Sunday 2-4

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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Open House. Open House on Saturday, June 9, 2018 2:00PM - 4:00PM

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.
Read

Open House. Open House on Sunday, June 10, 2018 2:00PM - 4:00PM

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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