LEASIDE & DAVISVILLE BLOG

LEASIDE & DAVISVILLE BLOG

Thursday, September 22, 2016

Mount Pleasant Village Harvest Fair Sat 24th!

Don't forget to drop by the Harvest Fair this Sat from 10 to 4 PM on Mount Pleasant Rd. 

Follow mbillboard...I'm in your neighborhood up above on Mt Pleasant south of Belsize you'll see my billboard and the booth is just below it in the Falcon building parking lot by the gas station.  

First 100 people to drop in and register will receive a $50 Jiffy gift card. Lots of our clients are happy using Jiffy. Check them out at www.jiffyondemand.com

And my icycle bicycle will be there with treats and a whole lot more!!! #SHOPLocal #SHOPMPV

Wednesday, September 21, 2016

MARKET UPDATE

MARKET UPDATE FOR THE WEEK ENDING SEPTEMBER 16TH, 2016

Ah September. Our favourite month. It’s not just the hot days and cool nights, or the pennant race or even the fact that pro football is back. For us, September means more listing and sales activity and after a traditionally slower August, it’s time to open the floodgates of new property inventory. It’s not a minute too soon either. August inventory levels were challenging at best.
Have you ever turned on a hose and put your thumb on the end? As the pressure builds up it gets more difficult to contain the water. When you finally let go, the initial blast is really strong. That pretty much sums up the market this month. Listings have slowly been increasing, including a 16.8% increase last week. This was hot on the heels of a 41% increase in listings the week before thereby causing a significant rise in reported sales. More choice generally means the number of multiple offers decreases, however pent up demand has counteracted that theory and as a result we saw a 10% increase in sales at or above the list price (to 72.8%).
After a brief spike a few weeks ago, it seems that listings have tailed off a bit last week, decreasing by 15.8%. It is interesting to note that in the central core, listings are decreasing in the $400-$700k category while increasing in the $1.5- $3M range. Overall, demand is still very high across the 416 however and as a result of fewer listings we saw a 61% increase in sales over the same period with a record setting 44% of condos being traded at or above the list price.  
Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Jordan and Port Hope, 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.

Wednesday, September 7, 2016

Market Watch for Real Estate Sales In August 2016



For help in interpreting this information as it relates to your property, please call or email me and I will be happy to assist you without any obligation.

Tuesday, August 30, 2016

MARKET UPDATE

MARKET UPDATE FOR THE WEEK ENDING AUGUST 26TH, 2016

Webster ’ s  Dictionary has two definitions for the word “drought”. The first    is a long period of time during which there is very little or no rain and the second is  a  prolonged or  chronic  shortage  or  lack  of  something expected or desired. Toronto, it seems suffers both. Not only has it been the driest summer in recent memory, we  are  also suffering through the  longest list - ing drought on record. Maybe there is some good news on the horizon; It is bound to rain eventually and the fall market is closing in. The question is...  will it be enough to quench our housing   desires? 

The freehold sector reversed an earlier trend of increased listings by re - cording a slight 13.7% drop in available homes while also recording a 6% increase in sales. This was slightly lower that the sales target we predicted last week however competition for those homes was up.  Last  week  almost 67% of home transactions were at or above the list price. That number is 15% higher than for the same period last year despite having virtually the same number of sales. 

We love witnessing the condo market’ s continued success. Listings remain unchanged from the prior week yet sales backed off marginally (3.6%). De - spite the slight reduction in the number of sales, over 40% of suites traded    at or above the list price. If you really want to get a true picture of today’ s condo market in the 416 consider that one year ago there were 220 more list - ings than there were last week, 100 fewer sales and less than 17% of suites sold at or above the list   price. 

Bosley Real Estate Ltd. is a full service boutique brokerage operating in To - ronto, Niagara-on-the-Lake, Jordan and Port Hope, Ontario since 1928. We have four centrally located offices and over 250 sales representatives sell - ing 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. 

Friday, August 5, 2016

MARKET UPDATE

MARKET UPDATE FOR THE WEEK ENDING JULY 29TH, 2016

Don't panic. For further clarification we are not talking about Toronto's hot real estate market, we are talking about summer holidays. Despite all the back to school ads that are starting to appear, there is still plenty of summer left. As for real estate, well, sales remain strong despite a continued decrease in listings and as we enter the home stretch of hot weather, we expect listings will get tighter until Labour Day.
Supply of listings in the freehold sector continue to be the overall challenge in Toronto, only made worse by the summer holidays. Our statistics show that buyers are not losing their heads as the number of sales have remained unchanged over the last week despite a decrease in the number of multiple offers (which now sits at a modest 62%). Perhaps not surprising is the fact that homes in the %700k -$1.5M range now represent the majority of home listings and sales across the entire 416.
Traditionally the condo sector is less susceptible to the same swings in buyer and seller traffic that the freehold sector faces so we were a little surprised how far resale listings backed off last week despite sales remaining at the same level. 37% of all sales across the 416 sold at or above the list price. What stuck out for us last week was the fact that the majority of condos sold in the east and west core are in the $700k to $1.5m range. Clearly these parts of the city are no longer a haven for less expensive condo choices.
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 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 report on the true temperature of the real estate market.

Tuesday, July 26, 2016

MARKET UPDATE

MARKET UPDATE FOR THE WEEK ENDING JULY 22ND, 2016

For the first time in a very long while, it seems like real estate talk around the city has died down. Maybe that’s a good thing for buyers longing for a little distraction from the frenzy. And if distraction is what you are looking for, well there’s the US election, Blue Jays baseball and hunting for the elusive Pokemon that are popping up everywhere. Just to be clear though, Toronto real estate is as hot as the weather with no end in sight.
Listings in the freehold sector backed off by a substantial 15% over the last week while sales fell by just slightly less (13%). With buyers still longing for a place to call home it’s no wonder that with fewer homes, competition increased as 70.3% of transactions in the 416 were in multiple offers. It is interesting to note that in the same week one year ago, only 54% of transactions in the freehold sector had multiple offers. As far as we are concerned tight supply, pent-up demand and historically low interest rates will be the key drivers of our market over the foreseeable future.
And if you thought the freehold sector was frustrating for buyers, welcome to the new world of condo buying in Toronto. It’s true that new listings are down by 10.4% to 536 units across the 416, but sales only backed off a marginal 4.6%. Demand has remained high all year forcing multiple offers to reach 51.5% last week. That shatters the previous record by nearly 7%. If you want to truly understand the pressures that buyers are under in this segment, consider that one year ago only 18% of all condos traded sold at or above the list price.  
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 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 report on the true temperature of the real estate market.

How much a home will cost you at each TTC subway stop:

Published in Metronews.ca


By: May Warren Metro Published on Sat Jul 23 2016

If you want to raise your family in a home or condo along a Toronto subway line, be prepared to fork over at least a million dollars.
That’s the takeaway from a data project by Sky View Suites. For a higher resolution version of the map click here.
The company, which manages short term rentals and furnished apartments, used a variety of real estate websites and print ads for to map average home selling prices within 1 kilometer of every subway stop.
Steven Argyris, a partner at Skyview, called the finished product “pretty alarming” and talked to Metro about some of most interesting points.
For information on buying or selling and the current real estate market, contact me by email or call 416-322-8000.