Thursday, October 8, 2020
Wednesday, October 7, 2020
Saturday, October 3, 2020
Leaside Residences LP and Core Development Group are proposing twin mid-rise buildings for the southwest and northwest corners of Laird Drive and Stickney Avenue, south of Eglinton Avenue East, in the Toronto neighbourhood of Leaside.
The sites at 126 and 134 Laird Drive are currently occupied by low-rise auto-related buildings—car dealerships, automobile service centre—and associated surface parking lots. A 10-minute walk north from the site is Laird Station on the Crosstown LRT line, which is expected to open in 2022.
Friday, October 2, 2020
Toronto is the only North American real estate market considered in bubble territory. Toronto home prices are overvalued, making it high risk of being in a bubble, according to a new report on global real estate conditions by UBS Bank.
Friday, August 21, 2020
Canadian real estate prices are growing at a breakneck speed. More homes were sold in July than any other month on record, with data going back more than 40 years. The performance of the housing market during this pandemic recession has been a big surprise. The price of a typical home across Canada reached $637,600 in July, a 7.56% increase compared to the same month last year. Canadian real estate buyers are shrugging off the pandemic, as a temporary inconvenience. The Canadian Real Estate Association (CREA) data shows prices made a huge increase, not just in known “hot” markets like Toronto, Ottawa, and Montreal but in almost every real estate market across Canada.
The massive increases this year represents a significant portion of gains made over the past 3 years. Montreal real estate prices are up 14.04% in July, compared to last year - making up almost half of the 29.21% increase made over the past 3 years. Toronto’s 10.11% increase over the past 12-months, contrasts with a 14.51% increase over the past 3 years. In Vancouver, prices increased 4.83% over the past 12-months, but just 1.61% over the past 3 years. For Toronto, this means the past year has seen growth twice as fast as the previous two years.
Sales have also been helped by low mortgage rates with rates for five-year fixed-rate mortgages being offered at less than two percent. The robust price growth right across the country, comes even as indicators like employment, rental rates, and immigration fall. When prices rise across the board despite a breakdown of these indicators, its almost certainly a result of too much easy credit.
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.
Tuesday, July 14, 2020
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.