Market Reports - Bosley Real Estate Ltd. Brokerage - Homes and houses for sale in Toronto including Cabbagetown, The Annex, Danforth Village, Lawrence Park and Riverdale

MARKET UPDATE FOR THE WEEK ENDING MARCH 31ST, 2017

31 March 2017
Bosley Real Estate

The old adage says that if March comes in like a lion it leaves like a lamb.  If we consider the real estate market in the same vein, since March started with a roar we should have had a nice quiet end to the month. Alas, the real estate market respects no old wives tales as it wends its way through the spring. The last week of March capped off a month that saw prices jump an average 33% over March 2016.  Through the year, the talk has been the lack of listings, and we are happy to say that March seems to have bucked this trend.  The number of new listings in March 2017 is virtually identical for both the freehold and condo market as the number of new listings in March of 2016.  Of course we complained about not enough listings last year too so we expect to see high demand pushing prices in an upward direction for the foreseeable future.


Bosley Real Estate Market Insight March 17th, 2017

21 March 2017
Bosley Real Estate

Excuse us if we seem a little distracted this month but we normally reserve our March Madness for that basketball tournament going on south of the border. Cinderella stories are all the rage when talking college basketball, but here in the Toronto market she can make it to the big event but never seems to catch the prince. Seeing your team get knocked out of the tournament can be maddening but at least you know that if they work hard and persevere they will be back next year. With competition in purchasing as strong as it has been all year, the real estate market is producing more losers than winners. And unlike the basketball teams heading home and thinking of next year, we worry Buyers will begin to take their ball home and call it quits.


Bosley Real Estate Inforgraph Feburary 2017

10 March 2017
Bosley Real Estate

EVERY MONTH WE SCIENTIFICALLY MONITOR STORIES IN THE MEDIA ON BOTH FREEHOLD AND CONDO MARKETS IN TORONTO. THEN THROUGH A PATENT PENDING PROCESS WE ARE ABLE TO CREATE A VISUAL REPRESENTATION OF WHAT THE MEDIA THINKS THE MARKET IS DOING. IS IT FACING A SLOW DEATH OR IS IT PARTY TIME?


MARKET UPDATE FOR THE WEEK ENDING FEBRUARY 24TH, 2017

24 February 2017
Bosley Real Estate

While we always enjoy spending time with our families, after all we are a family company, we never like what happens before the Family Day long weekend. Or really any long weekend in fact. The thing is, Realtors never like to list right before a long weekend which inevitably means listings drop the week before the long weekend and that creates what we like to call the real estate inversion. Before the long weekend there are a lot of sales and hardly any new listings and right after the long weekend there are a lot of new listings but not as many sales.


MARKET UPDATE FOR THE WEEK ENDING FEBRUARY 17TH, 2017

17 February 2017
Bosley Real Estate

We think it is safe to say that the Toronto real estate market is moving into uncharted waters these days. The go to response to the steady increase of prices has been the lack of listings, high demand and low borrowing costs. What has transpired are stories of multiple offers, wild bidding wars and many broken dreams. So, what should we expect as we move forward? Well, if there is any consolation, we are moving into the spring market and the usual increase in listings.


Bosley Infographic January 2017

09 February 2017
Bosley Real Estate

Houston, we have a problem. Despite an almost 12% increase in sales activity this January, compared to January 2016, supply problems continue to make the headlines. In fact, the GTA resale market has not experienced such low inventory levels since 2002. Current active listings are nearly half of what they were last year at this time. The Toronto Real Estate Board reports that a supply problem is likely to continue to play out for 2017. “The result will be strong price growth for all home types again this year” says Jason Mercer, TREB’s Director of Market Analysis. It remains to be seen how many sales will take place in 2017 however a swing of even 5% could translate to either another record year or the second best year on record for the GTA. TREB also reported that less than 5% of properties sold in 2016 went to foreign buyers and was not a contributing factor to the steady price increases across the GTA.


MARKET UPDATE FOR THE WEEK ENDING JANUARY 28TH, 2017

28 January 2017
Bosley Real Estate

Before we begin, we just want to say that this insight is going to be HUGE! It’s probably the best one so far. Quite frankly it will blow all the other ones out of the water. It is literally amazing. Actually, it’s not just amazing...it’s INCREDIBLE. We know that you will think it is the most brilliant report on Toronto’s real estate market EVER. Actually, it is so astonishing that we thought about keeping it a secret just in case it fell into the wrong hands. Security is very important to us so please make sure that before you pass it around to your friends, they have been properly vetted.


MARKET UPDATE FOR THE WEEK ENDING JANUARY 27TH, 2017

27 January 2017
Bosley Real Estate

Just for the record, we don't use any alternative facts in our market updates. In fact, we swore an oath to accurately reflect the size of the market so that our clients could make informed decisions. No need to proclaim any national holidays in our honour, just know that when you hear it from us it's the real deal....nothing fake about what we report. We will continue to march on.


MARKET UPDATE FOR THE WEEK ENDING JANUARY 13TH, 2017

17 January 2017
Bosley Real Estate

Normally we aren't the superstitious types but if listings don't improve quickly we may be forced to throw salt over our shoulders, walk backwards under ladders or burn sage in our offices to break the spell. Generally speaking January is a slow month for new listings but demand is high and the weather has been kind so we were expecting a faster release of new properties on the market. Sellers and buyers alike might just be feeling the pinch of new mortgage rules and increased land transfer taxes.


Bosley Infographic for December 2016

10 January 2017
Bosley Real Estate

It should come as no surprise that new listings, sales and active listings dropped off substantially in December. It is part of the usual winter market blip that we experience each year around this time. Included in the slowdown in activity are increases in the number of days on the market and the average selling price versus the list price. But December is an oddity of the Toronto market which has experienced tremendous success in 2016. Against all odds, such as a tightening of lending requirements, the Toronto Real Estate Board recorded 12,000 more sales than 2015, a nearly 12% increase in total homes sold. Remarkably this was achieved at the same time as recording a increase of over $100k on the average price of a home. According to TREB, the condo market was a major factor in sales volume growth and our own numbers bear witness to the demand in this sector.