Market Insights - 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 JUNE 29TH, 2016

29 June 2016
Bosley Real Estate

First we had Brexit and this week we have "schexit" also known as the last day of school (a unanimous vote to leave). For parents it means no more early morning rush to get the kids packed and out of the house. Traffic around the city gets a little lighter even with increased construction. But as we cruise into those 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, enjoy some time sitting by the dock or under your favourite patio umbrella...unless you are trying to buy a house, in which case all bets are off.


MARKET UPDATE FOR THE WEEK ENDING JUNE 16TH, 2016

22 June 2016
Bosley Real Estate

In real estate terms we call this time of the year the final push. It's that time for sellers to get into the market just before summer hits and thoughts turn to sipping beverages by the lake or taking the family on a summer adventure. Whatever your plans are, if you are a buyer, this is the time to consider getting into the market as new listings will tend to taper off over the next few months.


MARKET UPDATE FOR THE WEEK ENDING JUNE 19TH, 2016

16 June 2016
Bosley Real Estate

Low interest rates, immigration, shortage of housing. These are the “go to” topics used to describe Toronto’s housing dilemma. Frankly we are starting to sound like a broken record these days. The truth is that while these are sources of a frustrating market, they don’t tell the full story of Toronto’s great housing success. Simple demographic shifts in population mean that over the next 20 years more and more people will be moving to cities and Toronto is one of the top destinations on the global stage. For the foreseeable future this could be the new normal.


Bosley Real Estate Infographic May 2016

08 June 2016
Bosley Real Estate

Judging by the numbers, May turned out to be a bit of a stingy month. Compared to the activity of April, the month of May saw a smaller percentage increase in new listings and sales. Despite the lack of listings however, the Toronto Real Estate Board reported a new record for sales for May, a 10.6% increase year over year. So with listings backing off the question to ask is...where is the inventory coming from? The answer is simple... existing listings. Those are the properties that have been on the market longer than 30 days. According to TREB, the number of active listings has dropped by over 30% compared to May 2015 highlighting the unbalanced nature of Toronto’s housing supply dilemma