Bosley Real Estate Market Insight November 27th, 2015 - Bosley Real Estate Ltd. Brokerage - Homes and houses for sale in Toronto including Cabbagetown, The Annex, Danforth Village, Lawrence Park and Riverdale

Bosley Real Estate Market Insight November 27th, 2015

  • Bosley Real Estate
  • 02 December 2015

Last week’s real estate market update could best be described by the simple phrase “no news is good news”. Across the downtown core it appears that while listings are inching lower, there is still plenty of appetite for buying a home. Give it time though. In talking with our agents we know that many buyers are waiting patiently for the spring market. In a few months pent up demand will return and buying a home in Toronto will look like Black Friday at a big box store in the United States.

Despite more resale homes coming on the market in the central core, the east and west brought the overall number of listings down by 3% last week. Sales also dropped from 141 units in the previous week to 133 units; however, we are still reporting that over 42% of transactions took place at or above the list price, which is consistent with previous years. There are clear indications that on a year-over-year basis we are still well ahead of 2014.

Like the freehold sector, the condominium counterpart is behaving in a similar manner. Listings are down by 12% while sales are down by 7%. That 5% difference reflects the continued health of the condo market in Toronto. Additionally the number of sales at or above the list price has backed off less than 1% from the previous week, coming in at a respectable 19.4%.

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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Here Are The Top Five Trending Stories Of The Week:

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Housing affordability should be a government priority

“Affordable housing” and “housing affordability” are not the same thing. But addressing one can impact the other. Simply put, affordable housing is housing for people in need. This can include seniors, young families, low-and moderate-income workers, people with special needs and the homeless. There are many kinds of affordable housing and it can include low-cost market housing as well as subsidized rental housing.


The baby boom echo affects differing views on housing

Ontarians who belong to the millennial generation worry that real estate prices will keep rising forever. Their parents and grandparents, meanwhile, are almost as fearful that they won’t.

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Tax Season Mortgage rates inch higher from record summer lows

Canadian mortgage rates have bounced up from their record lows of this summer in anticipation of an improving economy prompting central banks to do the same.

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Skyrocketing cost of housing worries builders, realtors

Builders and real estate experts from both the new and resale home sectors are banding together to warn consumers - and politicians - they are worried about the skyrocketing costs of housing.

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Toronto property near public transit worth 30% more than other buildings, study finds

A new study suggests that real estate property located closer to key transit spots is worth more money. Commercial real estate company Avison Young looked at buildings sold in Toronto’s downtown core from 2012 t0 2015 and compared their sale price, dividing them up into two categories: buildings less than 500 metres from a subway station and buildings outside that range.

The predicted death of the suburbs may be a little premature, according to a new report that suggests renters looking to own may have no place else to turn.
Canadian mortgage rates have bounced up from their record lows of this summer in anticipation of an improving economy prompting central banks to do the same.
A new study suggests that real estate property located closer to key transit spots is worth more money. Commercial real estate company Avison Young looked at buildings sold in Toronto’s downtown core from 2012 t0 2015 and compared their sale price, dividing them up into two categories: buildings less than 500 metres from a subway station and buildings outside that range.
A new study suggests that real estate property located closer to key transit spots is worth more money. Commercial real estate company Avison Young looked at buildings sold in Toronto’s downtown core from 2012 t0 2015 and compared their sale price, dividing them up into two categories: buildings less than 500 metres from a subway station and buildings outside that range.