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

TORONTO'S FRUIT TREES, A BOUNTY AT YOUR DOORSTEP

21 August 2015
Bosley Real Estate

All trees should be planted in nutrient-rich soil and in a spot that gets generous sunlight, and generally younger trees produce more fruit than older ones. For pruning and cross-pollination instructions (apple trees, for instance, grow better in pairs than alone), consult your local nursery for guidance


BOSLEY REAL ESTATE INFOGRAPHIC JULY 2015

11 August 2015
Bosley Real Estate

Despite the typical slowdown that hits the Toronto real estate market each July and August, we are still seeing a great deal of activity in the downtown core. Sales were up 8% compared to July 2014 despite consistently low inventory levels which have, in turn, driven the average price up nearly 11%.


MARKET UPDATE FOR THE WEEK ENDING AUGUST 7TH , 2015

10 August 2015
Bosley Real Estate

The freehold market took a well needed rest last week. New listings backed off by 17% from the previous week and sales eased by nearly 65%. While that seems like a large percentage, it is in line with traditional summer markets and the long weekend hangover. Naturally the true gauge of the health of the freehold market lies in the fact that nearly 40% of all homes sold happened above the list price. While certainly off its peak, that number is considered strong given the natural and cyclical slowdown in the market.


MARKET UPDATE FOR THE WEEK ENDING JULY 24TH , 2015

27 July 2015
Bosley Real Estate

There are two simple truths that we learned last week; Kanye West is NOT a Canadian and Toronto’s real estate market turned in another gold medal performance. Sure, things are slowing down a bit but that’s more a seasonal tendency. What catches our eye is the fact that while listings are way down in both the freehold and condo sectors, sales are only down a little.


MARKET UPDATE FOR THE WEEK ENDING JULY 17TH , 2015

21 July 2015
Bosley Real Estate

The freehold sector had one of the single highest week over week changes with a noticeable 25.6% increase in new listings and a similarly grandiose 54.5% increase in sales last week. With that increase came slightly more demand as transactions at or above the list price edged up 2.5% from the previous week to stand at 54.5%. What stands out the most when we reviewed last week’s data was the amount of movement in the entry level home ($400k to $700k)


Bosley Real Estate Infograph June 2015

13 July 2015
Bosley Real Estate

Consider that over the last month sales of homes across the GTA increased by a whopping 18.4% over a year ago. This sets a new record for June. The average price jumped by 12.3% in the same period yet active listings are down by 13.1%. The trifecta of fewer list-ings, low interest rates and high demand are here for the foreseeable future.


MARKET UPDATE FOR THE WEEK ENDING JULY 3RD , 2015

07 July 2015
Bosley Real Estate

In the condo sector listings have increased 8.9% since the week prior but have remained consistent over the last month at (767 listings in the downtown core). Sales are also down by a marginal 4.9% which only represents about 10 sales over the week. It is worth reporting that the key indicator of the condo market health has to be the percentage of suites selling at or above the list price. Last week that percentage was at a very encouraging 24.5% level.


MARKET UPDATE FOR THE WEEK ENDING JUNE 26TH , 2015

30 June 2015
Bosley Real Estate

After hitting nearly 500 new freehold listings in early May, things have slowed down as we enter the traditional Summer market. Last week we dropped to just over 300 new listings. I t seems that buyers are s t i l l out in full force however as sales increased by 5% last week. We found i t interesting that sales at or above the list price tapered down to 53.8%, one of the lowest numbers this year. We expect that sales may under-perform during the month of July thanks to the Pan Am Games but demand will not slow down. This should make the fall market exceptionally busy.


MARKET UPDATE FOR THE WEEK ENDING JUNE 19TH , 2015

24 June 2015
Bosley Real Estate

It’s funny how everyone seems to complain about the lack of listings. The truth of the matter is that last year at this time there were nearly half as many freehold listings available on the market. Sales continue to be strong year over year although comparatively the percentage of sales to listings last week was 51.7% vs 72.1% for the same week last year. The numbers indicate that demand may have slipped until you also consider the fact that both weeks recorded the same percentage of deals happening at or above the list price (59%).


MINIMIZE THE RISK OF BASEMENT FLOODING

22 June 2015
Bosley Real Estate

Strong, sudden rains bring flash flooding, which cause havoc with traffic on the roads, increase the likelihood of power outages, and unfortunately,  this is often the time when homeowners find out their basements aren’t as waterproof as originally thought.