Corinne McCabe , Broker

Bosley Real Estate Ltd., Brokerage

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

Market Update for September 27, 2019

With the change in temperature and the end of that laid-back mood of summer, fall always feels like a shift in gears. Changing around your wardrobe and getting ready for those cool days and nights are almost upon us. With the fall market in full swing, the unpredictability of Toronto real estate is perplexing at times. Sales have been recovering and stronger than we expected in recent months. It seems that we are in full recovery with 6 straight months of sales increases for existing homes. Mortgage rates are dropping, and the impact of the mortgage stress test seems to have  diminished slightly. Sellers are becoming a little bit more realistic in their pricing, but listings still remain low causing fierce competition among buyers.


Last week the freehold market saw a small 13% dip in new listings from the previous week. It is interesting to note that fewer listings did not dampen buyer’s spirits. Overall sales for the week shot up an impressive 41% from the previous week and as expected, supply and demand economics propelled 71% of sales at or above the list price. Most of the activity was centered in the east end again in the Riverdale, Danforth Village, Leslieville and Beaches neighbourhoods. We love witnessing the condo market’s continued success. Listings were up slightly last week by 3% from the previous week. Sales had a healthy 17% increase week-to-week. Keeping in line with previous weeks, 45% of sold units are still happening at or above the list price. The condo market continues to lead the way in terms of price growth in the GTA.


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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Open House. Open House on Saturday, September 28, 2019 2:00 PM - 4:00 PM

Please visit my Open House at 48 Elma ST in Toronto.
Open House on Saturday, September 28, 2019 2:00 PM - 4:00 PM
Gorgeous Detached Bungalow With A Private Drive Located In One Of Toronto's Hottest Neighbourhoods. This Bright, Renovated Home Is Ready For You To Just Move Right In. Large And Private Fenced Backyard For Kids/Dog, And A Separate Entrance To The Basement Makes A Perfect In-Law Suite. Close To Mimico Go For Easy Commuting, And Great Shops On Royal York Leave Nothing Be Desired. Open House Sat/Sun 2-4, You Must See This One! You'll Love It. Click for Neighborhood Information
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Open House. Open House on Sunday, September 29, 2019 2:00 PM - 4:00 PM

Please visit my Open House at 48 Elma ST in Toronto.
Open House on Sunday, September 29, 2019 2:00 PM - 4:00 PM
Gorgeous Detached Bungalow With A Private Drive Located In One Of Toronto's Hottest Neighbourhoods. This Bright, Renovated Home Is Ready For You To Just Move Right In. Large And Private Fenced Backyard For Kids/Dog, And A Separate Entrance To The Basement Makes A Perfect In-Law Suite. Close To Mimico Go For Easy Commuting, And Great Shops On Royal York Leave Nothing Be Desired. Open House Sat/Sun 2-4, You Must See This One! You'll Love It. Click for Neighborhood Information
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New property listed in Mimico, Toronto W06

New featured property at 48 Elma ST in Toronto.
Gorgeous Detached Bungalow With A Private Drive Located In One Of Toronto's Hottest Neighbourhoods. This Bright, Renovated Home Is Ready For You To Just Move Right In. Large And Private Fenced Backyard For Kids/Dog, And A Separate Entrance To The Basement Makes A Perfect In-Law Suite. Close To Mimico Go For Easy Commuting, And Great Shops On Royal York Leave Nothing Be Desired. Open House Sat/Sun 2-4, You Must See This One! You'll Love It. Click for Neighborhood Information
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Open House. OPEN HOUSE: Saturday & Sunday 2-4

Please visit my Open House at 48 Elma ST in Toronto.
OPEN HOUSE: Saturday & Sunday 2-4
Gorgeous Detached Bungalow With A Private Drive Located In One Of Toronto's Hottest Neighbourhoods. This Bright, Renovated Home Is Ready For You To Just Move Right In. Large And Private Fenced Backyard For Kids/Dog, And A Separate Entrance To The Basement Makes A Perfect In-Law Suite. Close To Mimico Go For Easy Commuting, And Great Shops On Royal York Leave Nothing Be Desired. Open House Sat/Sun 2-4, You Must See This One! You'll Love It. Click for Neighborhood Information
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Market Update for Friday the 13th, 2019

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

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 property listed in Rathwood, Mississauga

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 property listed in Victoria Village, Toronto C13

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 property listed in Danforth Village-East York, Toronto E03

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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