Bosley Real Estate Market Insight - April 3rd, 2020 - 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 - April 3rd, 2020

03 April 2020
Bosley Real Estate

Over the past few days, we’ve seen many changes to our daily routines as a result of COVID-19. We at Bosley feel it’s our duty to give back to the community we love so dearly in whatever way we can, so we’re coming to you! We have gathered together a group of volunteer agents who are available to help you with deliveries, whether it be groceries, or any drug store need. Just give us a call at 416-530-1100 and ask for Mary and we will get right on it to help you. Nothing about this time is normal and we’ve abandoned trying to make it so. But we are still reaching for little things that offer support.

We’re only beginning to understand the destructive nature of COVID-19 and the way this pandemic will transform how we work and live together. We do understand, however, that the need to social distance from each other to curb this pandemic is particularly problematic when making the biggest purchase or sale of your life; this decision requires a high level of trust and a high level of interaction and asking you to reduce face time with an agent is a lot to ask.

Bosley Real Estate is one of the brokerages participating in the growing practice of requiring buyers, sellers and service providers to acknowledge the risks to personal health that arise from showing and visiting the property during this pandemic. All sales representatives are dedicated to participating in the global, national and local efforts to reduce the spread of COVID-19. Following the mandate from our government and regulatory agencies, we have pared back our offices and have implemented strict policies to protect both our communities and agents. We have done this, however, without compromising our ability to serve. We are in uncertain times today, but the values - trust, integrity, knowledge and discretion, that has defined Bosley Real Estate for ninety-two years remains unchanged. With these values in mind, it is more important than ever that we continue to observe the COVID-19 restrictions so that lives are saved, communities are maintained and, eventually, business as usual will be an option.

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.

Here Are The Top Five Trending Stories Of The Week:

Bank Of Canada Drops Interest Rates, Says This Is The Lowest They Can Go

”The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement Friday.”

Some landlords are forgiving rent payments as April 1 deadline looms for Toronto’s restaurants and bars

“After two weeks of pleas from residential tenants and small businesses worried about paying their rent on April 1, some landlords have agreed to extend some help.”

‘Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'

“Fears of the coronavirus didn’t stop the greater Toronto real estate market in February as homebuyers bid up prices, data from the regional real estate board shows.”

Coronavirus: How the Trudeau government and provinces are helping renters

“Three condominium projects started by Toronto builder Cresford Developments have been pushed into receivership amid allegations of financial mismanagement, raising the possibility that as many as 1,800 presale buyers will see their contracts cancelled or their apartments go unbuilt.”

Taking Stock of the GTA Condo Market in the Time of Coronavirus

“It should come as no surprise that the recent coronavirus pandemic will have an effect on the real estate and housing market. Even one as hot as the GTA’s has been in recent months and years.”