Corinne McCabe ABR, Broker

Bosley Real Estate Ltd., Brokerage

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

Please visit my Open House at 26 Ashland AVE in Toronto.
Open House on Sunday, June 9, 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

Raptors fever has descended upon Toronto! For the first time in the history of the Raptors franchise, WE THE NORTH are in the NBA finals ! GO Raptors Go !!! 


So back to real estate, as we expected the number of new listings to hit the MLS after the long weekend was innumerable. Buyers were waiting patiently for the impending influx of new listings to satisfy a hungry desire for a place to call home.

They now have choices. It was an interesting week with some listings receiving bully offers, some getting multiple offers and other properties we thought were priced to sell and did not get any offers. The question arises again as to “how do we price a property?” Now with more available listings should we price low or price at market value? It’s a mixed consensus when you ask around.


Freehold listings were WAY up by 59% from a week ago and the price range between $800K and $1.5M dominates. In the core of the city there were over 150 listings alone in that price range that were new. Sales were down last week by almost 40%, but again that is normal after a long weekend. And because of the fewer sales, the properties that sold at or above the asking price was only at 46%. That is a slight drop from the previous weeks.


The condo sector was a little different. New listings did not increase last week, and sales backed off by 28%. Of those condos sold 53% sold at or above the list price. The hottest price point again is the $400K to $700K across all core marketplaces which we recognize as a reaction to homebuyers being priced out of freehold homes.

Read full post

This property has SOLD at Unit 1 10 Sylvan AVE in Toronto.
Be The First To Live On The Main Floor Of This Completely, Renovated, Stunning 4 Unit Home Built In 1888 & Backing Onto Dufferin Grove Park. This Gorgeous 2 Bedroom Unit Has Been Meticulously Designed W/Discerning Quality & Taste. Features Include 10' Ceilings, Stained Glass, Hardwood Floors, Granite Counters, Reclaimed Wood Panelling, A Fabulous Balcony Off The Kitchen & A Terrace Off The Back Too! Landscaping Has Started & Will Be Equally As Stunning
Read full post

New featured property at 326 1720 Eglinton AVE E in Toronto.
This Stunning Family Sized 2 Bdrm, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. 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 Is 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!
Read full post

“WE THE NORTH”- GO RAPTORS. Fingers crossed we make it to the finals! So, the long weekend is over, the weather is improving, and as we have seen year-in and year-out the final push is on for the spring market before we start thinking about heading to the cottage or our summer vacations. So far so good! As for the overall GTA housing market, news in the media is all rosy, and looking ahead a balance between demand and supply is setting the stage for further modest price increases in the near term.


New freehold listings backed off a substantial 38% last week which is predictable before a holiday weekend. No need to worry that is always the case as most agents choose to wait until the long weekend is over to list. Sales followed suit registering almost 8% fewer transactions and the percentage of homes selling at or above the list price is at 61%, a slight decrease from previous weeks.


The condominium market seems to have adopted a ‘slow and steady wins the race’ stance. Listings were down by 13% from the previous week while the number of sold condos saw no change week-over-week, 50% sold over the asking price. News in the media this week about several condo projects being cancelled has us concerned. Since 2017, there have been 6,350 condominium units cancelled in the GTA. Historically, projects were cancelled for lack of sales. What’s different recently is fully sold-out, large scale projects being cancelled. The builders have claimed a difficulty in getting construction financing and rapidly rising construction and regulatory costs. Some of these projects date back to 2016. They don’t believe 2019 will have as many cancellations as previous years.

Read full post

As we approach the May 2-4 long weekend, we are crossing our fingers and hoping to get some warm weather so we can start our outdoor activities. Patios sit empty as we wait for sunny days. Wondering if it will ever warm up? But, one thing is for sure the Toronto real estate market is heating up. The buzz around the office has been exciting with new listings and agents busy helping buyers get their dream home. It’s an interesting market happening out there these days. Properties that look compelling and well presented aren’t getting offers on offer night and others are selling with sky high results. It all comes down to strategic pricing. Price low and wait....or price at market value. That is the big question! 


After a flurry of listing activity two weeks in a row, listings were still up but only a slight 6% increase. The good news is that sales were up 34% week-over-week creating nothing short of a mini buying frenzy. In fact, 65% of all homes sold occurred at or above the asking price.  While this is not the highest percentage we have seen this year, the east end and west end of the city both displayed 77% of properties that sold, were sold in a bidding war.


The condo market had a great week with a 15% increase in new listings, and sales rose slightly by 2%. The number of transactions that took place at or above the list price was at a steady 51%, a slight drop from previous weeks.


A senior economist at RBC sees evidence that the GTA market is turning a corner. The sales rebound in April, plus the rise in benchmark prices for a second month, suggest that the market is recovering from a dismal February/March which were hammered by winter storms.

Read full post

The Toronto real estate market is here with a bang! It looks like after two years of weak conditions the market is making a comeback. Though it’s off the dizzying heights of 2017, we are seeing a significant ramp up of new listings and of course the corresponding increase in sales. On a seasonally adjusted basis, sales were up 10 per cent in April and the average sale price for a home in the City of Toronto is $903,992. Inventory levels are still low which means that even those homes that otherwise would be “locationally challenged” are selling quickly.


The freehold market continued to see increases in inventory for the second straight week up 22%, spread out across all parts of the city. The number of sold properties was up a staggering 31% week-over-week, and a strong 70 per cent sold at or above the list price. This is all good news and likely represents some catchup from a slow start to the year. The high-end market is moving at a slower pace. Currently in the central core there are 334 properties listed above $3 million dollars.


The condominium market in the Toronto core continues to shine. While there was only a 9% increase in new listings last week, sales increased by a whooping 44% and of those, 53% sold above the asking price. The average condo price for the City of Toronto is now at $637,181 up 6% from a year ago. Tight market conditions in the condo rental market remain in place. Average year-to-date rents for a one-bedroom apartment were up 7.3% to $2,150 and a two-bedroom apartment up 4.1% to $2,815.

Read full post

Ok mother nature why are you playing games with us? It says May on the calendar but feels more like March. What gives? Rain, strong winds and cold weather is messing with our business. As we transition from this dreary weather to sunshine and cherry blossoms, the Toronto real estate market remains fickle. It’s hard to predict which properties will be snapped up and which will languish. What we may be seeing is a move towards more realistic pricing and less of setting a low asking price and letting the market show us the true value. All the more reason to make sure you hire a Realtor that knows how to properly price and market a property.


The freehold market recorded a solid 54% increase in new listings last week. It is normal at this time of year to see an increase in listings as the Spring market hits its stride. The increase is widespread across the entire core of the city but most prevalent in the $800K-$1.5M price range. In the exact opposite trend, the number of sold properties dropped 17% last week but a strong 61% sold at or above the list price. The slow down of listings means that desirable properties often end up with multiple bids.


On the condo side we saw a steady flow of new listings up 16% week-over-week. Sales followed suit to the freehold market with a 13% drop in the number of sold units, but of those 54% sold at or above the asking price. New construction condo projects are not selling as quickly as they once did so now buyers are being enticed with all sorts of incentives such as reduced down payments or several months of free condo fees. In the past we saw lineups of eager would-be buyers but now the developers are reaching deep into their bag of tricks as they face new challenges in the world of condo presales.


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.

Read full post

You may have read media reports on a call to ban bully (pre-emptive) offers, which means eliminating offers that result in homes being sold ahead of the time and date specified on the listing. These bidding wars seem to be common in Toronto and other competitive urban markets where inventory is tight. In some neighbourhoods it feels like the days of 2016. We understand it might not seem fair to some, but it would be a tricky area for the government to attempt to legislate, because it could be a conflict situation with seller clients. If you conduct a bully presentation properly by informing everyone who has seen the property, or has booked an appointment, then what is unfair about that? The problem is many buyer agents don’t have the experience or knowledge on how to submit a bully offer, therefore their buyers lose out on a hot property. More training is required to help agents navigate thru this situation and if we don’t see more listings come to market, bully offers will continue to occur.


The freehold market saw another week of increases with 16% more new listings come to market and that reflected in the number of freehold properties sold, up by 34% from last week. Competition was strong with nearly 55% of properties selling above the asking price in the central core with multiple offers and the east end of the city (Riverdale and Leslieville) saw 76% of properties selling above the asking price. It’s not uncommon to see a property sell for $300,000 over the list price in these neighbourhoods.


The condo market saw a huge influx of new listings up 37% from the previous week but the number of sold units was down 17%. Urbanation released their condo market outlook report recently and here are some key facts:


1) 147,000 condos sold in the past 3 years.

2) Condo prices up 50% in 3 years.

3) Average downtown price >$1,000 PSF.

4) 123,000 new condos in development.

5) $100,000+ Income to buy average unit.


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.

Read full post

Please visit my Open House at 326 1720 Eglinton AVE E in Toronto.
OPEN HOUSE: Saturday & Sunday 2-4pm
This Stunning Family Sized 2 Bdrm, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. 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 Is 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!
Read full post

New featured property at 326 1720 Eglinton AVE E in Toronto.
This Stunning Family Sized 2 Bdrm, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. 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 Is 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!
Read full post

Please visit my Open House at 326 1720 Eglinton AVE E in Toronto.
Open House on Saturday, April 13, 2019 2:00 PM - 4:00 PM
This Stunning Family Sized 2 Bdrm, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. 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 Is 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!
Read full post

Please visit my Open House at 326 1720 Eglinton AVE E in Toronto.
Open House on Sunday, April 14, 2019 2:00 PM - 4:00 PM
This Stunning Family Sized 2 Bdrm, 2 Bath + Den Is Perfect & The Den Is Big Enough For A Nursery Or 3rd Bdrm. 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 Is 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!
Read full post

This property has SOLD at 333 Cedarvale AVE in Toronto.
You'll Fall In Bunga-Love! This One Is A Real Catch. Impeccably Updated 3+1 Bedroom Detached On An Oversized 25X163 Lot In Old East York Is As Good In Real Life As It Is On Paper! Open Concept Living And Dining Rooms, Eat-In Kitchen With Walkout To Large Deck And Fabulous Backyard Featuring Fruit Trees, Vegetable Garden, And A Huge She Shed/Man Cave. Spacious Finished Lower Level Has Tons Of Storage, Separate Entrance, And Is Soundproofed Between Floors. Opportunity For Nanny/Teen Suite. Quick Walk To Stan Wadlow Park And Ttc. So Many Options For This Great Property! This One Ticks All The Boxes, Come And Put A Ring On It Before Someone Else Snatches Up This Gem.
Read full post

Bye, bye March! Welcome sunshine, warm weather, spring flowers and more listings! The March real estate update was released this week and housing sales suggests signs of some stability in Toronto’s market. The market is NOT posting declines in prices and the gains are modest. In fact, the average sale price for the City of Toronto is $830,043, up 1.5% from March of last year. We also saw new listings up 2% to 4,527 year-over-year, but the number of sales were down 9%. Despite sales being markedly lower than the record levels of 2016 and early 2017, the supply of listings has receded. This means that in many neighbourhoods we continue to see fierce competition between buyers for available listings and plenty of bidding wars.


The freehold sector witnessed its biggest increase in sold properties last week up 69% across the downtown core. There is still a bit of catching up to do on the listings side with only a 21% increase week-over-week. It is still interesting to note that the number of homes sold at or above the list price has remained consistent at a staggering 65%.


In the market report the average condo came in at $603,969 up 2.3% compared to March of last year. Last week we saw a 12% drop in new listings in the downtown core, but sales saw a significant increase, up nearly 31% over the previous week and of those sold, 45% sold above the list price.


The rental market report was also released this week and the GTA reported 6,646 condo apartment rental transactions in the first quarter of 2019. The average one-bedroom condo apartment saw a 7.4% increase to $2,143 a month and the average two-bedroom saw a 6% increase to $2,811 a month.

Read full post

New featured property at 333 Cedarvale AVE in Toronto.
You'll Fall In Bunga-Love! This One Is A Real Catch. Impeccably Updated 3+1 Bedroom Detached On An Oversized 25X163 Lot In Old East York Is As Good In Real Life As It Is On Paper! Open Concept Living And Dining Rooms, Eat-In Kitchen With Walkout To Large Deck And Fabulous Backyard Featuring Fruit Trees, Vegetable Garden, And A Huge She Shed/Man Cave. Spacious Finished Lower Level Has Tons Of Storage, Separate Entrance, And Is Soundproofed Between Floors. Opportunity For Nanny/Teen Suite. Quick Walk To Stan Wadlow Park And Ttc. So Many Options For This Great Property! This One Ticks All The Boxes, Come And Put A Ring On It Before Someone Else Snatches Up This Gem.
Read full post

This property has SOLD at 2324 Danforth AVE in Toronto.
Bright & Clean Retail Space On The Danforth Perfect For Professionals. Currently A Travel Agency & Suited Towards A Professional Office, Real Estate, Law Or Accounting Firm. Ceramic Tile Floor Throughout The Main Space, Almost 900 Sq. Ft. Total Including A Wheelchair Accessible Washroom, Kitchenette & Separate Coffee Station. Full Partially Finished Basement For Storage, Shared Back Patio, One Parking Space Available At 2404 Danforth In Vincenzo's Parking Lot
Read full post

Now that March is almost over and we seem to be easing into some warmer weather, it appears that Toronto’s real estate market has a bit more “spring” in its step. The Globe reported this week that Toronto has 104 construction cranes, the most tower cranes of any North American city. The next closest city was Seattle with 59 cranes. A tally of cranes in major cities provides a snapshot of economic sentiment. Based on this consulting firm’s findings, no North American city is healthier than Toronto. Just simply look up!


The freehold sector has witnessed its biggest increase of the year with listings up a whopping 117% throughout all neighbourhoods in Toronto. We aren’t surprised that would happen now that we are all back from spring break. Again, it’s the price range between $700,000 and $1,500,000 that dominates, although last week there were over 80 properties listed above $1.5M. There is still a bit of catching up to do on the sales side, however. Sold properties were down 14% week-over-week, but that should change next week now that we have more listings.


Again, a similar market exists in the resale condominium sector. Listings were up last week by 18% and the biggest jump happened in the central core’s first-time buyer’s price range of condos listed between $400K and $700K. Sales have been trending upwards as well, and we are still reporting close to 52% of condo transactions selling at or above the list price which points to continued strength in the high-rise market.

Read full post

MARKET UPDATE FOR THE WEEK ENDING MARCH 22ND, 2019

Is buying a home a dream for first time buyers? In the new budget out this week the centrepiece of Ottawa’s housing plan is to help first time buyers with their new zero-interest loans on the following terms:


  • CMHC will offer mortgage loans up to 10% of the purchase price of newly built homes and 5% of the value for existing homes. This incentive is in addition to the buyer’s own down payment. Your household income must be $120,000 or less. The overall value of the mortgage and CMHC loan won’t be allowed to exceed four times the household income. With that cap of $480,000 ($120,000 X 4) the highest-value home that could be purchased under the plan would be about $500,000. (Not much help for buyers in Toronto with average prices for homes and condos exceeding that amount.)
  • Your household income must be $120,000 or less. 
  • The deadline to repay the loan wasn’t specified but it was designed to be a long-term measure. The loans will be available starting in September.
  • Also, first time buyers will now be permitted to borrow up to $35,000 from their RRSP’s, up from $25,000, the limit set 10 years ago. 

This program might be good for small cities across Canada, but from a market perspective it will not be a game changer for the housing market in the GTA. The freehold market continues to tighten with a further drop of 34% in available listings since the previous week because of the spring break. Given fewer listings, we weren’t surprised that the number of sales slipped by 24%. There is no surprise that of those properties sold, 45% sold at or above the asking price. The number of new condo listings saw no change from the previous week, but sales were up slightly by 3% and of those sold, 51% sold at or above the asking price. We are gearing up for what we believe to be an active spring market with plenty of qualified buyers waiting to find their dream home.

Read full post