Thursday, May 4, 2017

Strong Growth in New Listings in April

TORONTO, May 3, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB's MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New listings for condominium apartments were at the same level as last year.

Total sales for the TREB market area as a whole amounted to 11,630 – down 3.2 per cent year-over-year. One issue underlying this decline was the fact that Easter fell in April in 2017 versus March in 2016, which resulted in fewer working days this year compared to last and, historically, most sales are entered into TREB's MLS® System on working days.

"The fact that we experienced extremely strong growth in new listings in April means that buyers benefitted from considerably more choice in the marketplace. It is too early to tell whether the increase in new listings was simply due to households reacting to the strong double-digit price growth reported over the past year or if some of the increase was also a reaction to the Ontario government's recently announced Fair Housing Plan," said Mr. Cerqua. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 31.7 per cent yearover- year in April 2017. Similarly, the average selling price for all home types combined was up by 24.5 per cent to $920,791.

"It was encouraging to see a very strong year-over-year increase in new listings. If new listings growth continues to outpace sales growth moving forward, we will start to see more balanced market conditions. It will likely take a number of months to unwind the substantial pent-up demand that has built over the past two years. Expect annual rates of price growth to remain well-above the rate of inflation as we move through the spring and summer months," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1704.pdf

Another Awesome Furniture ONLY Sale!


The Awesome Sale is holding
a special "Furniture Only" edition!
Saturday May 6th, 2017
10 a.m. - 2 p.m.

Our inventory of items for sale includes: sofas, love seats, chairs - LR, DR, K, tables: dining room, kitchen, coffee, end, etc; dressers, desks, bookcases, bed frames, mirrors, and more! Great prices provide wonderful value on our quality used goods!


Leaside United Church
822 Millwood Road,
Toronto, ON M4G 1M6
Web: www.leasideunited.org
Email: webmaster@leasideunited.org
Ph: (416) 399-2386


Drop in and browse for Bargains !!!

 PROCEEDS TO FUND BOTH CHURCH AND OUTREACH PROGRAMS!!!

Remember that our LUC Spring Awesome Sale with its 13 departments (including furniture) takes place on Fri. May 12th from 3 to 7p.m. and Sat. May 13th from 10 a.m. to noon!  Hope to see you at both of these Awesome Sales!!

Thursday, April 27, 2017

The Spring Awesome Sale is coming up! Mark your calendars!


The Spring Awesome Sale is quickly approaching.

Friday, May 12th, 2016 from 3 p.m. to 7 p.m.

Saturday, May 13th, 2016 from 9 a.m. to noon.


1000s OF PRE-SORTED, QUALITY ITEMS
15 DEPARTMENTS INCLUDING:
TREASURES AND TRINKETS, BOOKS, CLOTHING, LINENS, TOYS, FURNITURE, SMALL APPLIANCES, HOUSEWARES, JEWELLERY and OTHERS…
Snack Bar
 Re-cycled  Bargains !!!
 PROCEEDS TO FUND BOTH CHURCH AND OUTREACH PROGRAMS!!!

(NOTE: Leaside United Church is accepting donations at the church for any of the departments listed above from now up until the week before the sale.)

 

Wednesday, April 5, 2017

Tight Market Conditions Continue in March

TORONTO, April 5, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB's MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.

The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016. The strongest growth in new listings was experienced in the detached market segment. While new listings were up strongly compared to last year, the rate new listings growth was still lower than the rate of sales growth. As a result, GTA market conditions continued to tighten.

"It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth," said Mr. Cerqua.

Strong competition between buyers continued to cause high levels of price growth in all major market segments. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 28.6 per cent year-over-year. For the TREB market area as a whole, the average selling price was up by 33.2 per cent, with similar annual rates of growth in the low-rise and condominium apartment segments.

"Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings. A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance. As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1703.pdf

Friday, March 31, 2017

FREE Easter Colouring Books for the kids!

Come into our office
any time
during regular business hours
& pick up your 
FREE
Easter Colouring Book!
(while supplies last)

Have a safe & happy
Easter Holiday
from
Bonnie Byford Real Estate Ltd.
Brokerage


1536 Bayview Avenue, Toronto, M4G 3B6

Tuesday, March 21, 2017

NEW LISTING! Sunfilled detached 3 bdrm in South Leaside!

(Available for sale) Beautifully maintained South Leaside 3 bedroom detached with addition! Gloriously bright main floor family room + 3 piece bathroom! Updated kitchen! Finished lower level features playroom and very spacious, sunny rec. room with walk-out to yard! Quiet low-traffic, one block street overlooking the scenic, heritage protected Garden Court Apartments! Short stroll to Bayview shops & restaurants!

Visit our Properties Page for more info!

Friday, March 10, 2017

Leaside Blood Donor Clinic - Wednesday, April 5th, 2017

“It’s in you to give.”
Be part of Northlea Community's Blood Donor Clinic! 

Your help is needed!

Where: Northlea Public School, 305 Rumsey Road
When:  Wednesday, April 5, 2017 from 2:00-7:00 p.m. 

R.S.V.P. by calling the Canadian Blood Services appointment number at 1-888-2-DONATE (1-888-236-6283) NOW! Criteria for donating, as well as online booking can be found at http://www.blood.ca  Refreshments are available.

Friday, March 3, 2017

Sales Up and Listings Down in February

TORONTO, March 3, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB's MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.

"The February statistics tell me that many Greater Toronto Area households continue to view home ownership as a great long-term investment. The high demand for ownership housing we're seeing is broad-based, with strong sales growth for most low-rise home types and condominium apartments. This makes sense given the results of a recent consumer survey undertaken for TREB by Ipsos, which found an even split between intending first-time buyers and existing homeowners who indicated that they were planning on purchasing a home in 2017," said Cerqua.

While the demand for ownership housing grew over the past year, new listings entered into TREB's MLS® System in February were down on a year-over-year basis by 12.5 per cent to 9,834.

The MLS® HPI Composite Benchmark Price was up by 23.8 per cent compared to February 2016. Similarly, the average selling price was up by 27.7 per cent year-over-year to $875,983. Annual rates of price growth continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers.

"The listing supply crunch we are experiencing in the GTA has undoubtedly led to the doubledigit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of price growth to continue," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1702.pdf