Friday, August 18, 2017

Friday, August 4, 2017

MARKET WATCH: Market Continued to Adjust in July

TORONTO, August 3, 2017 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB's MLS® System in July 2017. This result was down by 40.4 per cent on a yearover- year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.While sales were down, the number of new listings reported were only slightly (+5.1 per cent) above last year's level.

"A recent release from the Ontario government confirmed TREB's own research which found that foreign buyers represented a small proportion of overall home buying activity in the GTA. Clearly, the year-over-year decline we experienced in July had more to do with psychology, with would-be home buyers on the sidelines waiting to see how market conditions evolve," said Mr. Syrianos.

"Summer market statistics are often not the best indicators of housing market conditions. We generally see an uptick in sales following Labour Day, as a greater cross-section of would-be buyers and sellers start to consider listing and/or purchasing a home. As we move through the fall, we should start to get a better sense of the impacts of the Fair Housing Plan and higher borrowing costs," said TREB CEO John DiMichele.

The MLS® Home Price Index (HPI) Composite Benchmark price was up by 18 per cent on a year-over-year basis. However, the Composite Benchmark was down by 4.6 per cent relative to June. Monthly MLS® HPI declines were driven more so by single-family home types. The average selling price for all home types combined was up by five per cent year-over-year to $746,218.

"Home buyers benefitted from more choice in the market this July compared to the same time last year. This was reflected in home prices and home price growth. Looking forward, if we do see some would-be home buyers move off the sidelines and back into the market without a similar increase in new listings, we could see some of this newfound choice erode. The recent changes in the sales and price trends have masked the fact that housing supply remains an issue in the GTA," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit:

Monday, July 24, 2017

Carnival has arrived on Bayview!

If you're on Bayview, be sure to check out our new window display featuring our famous lucky trolls!  They are prepped and ready to participate in Toronto's Caribana parade!  Can't think of a better way to celebrate summer!

We're also available to talk real estate, anytime.  ;-)  Come on in!  1536 Bayview Ave.

Thursday, July 6, 2017

NEW LISTING! North Leaside Detached, 4 Bedroom!

(Available for lease) Superbly maintained and upgraded detached 4 bedroom home in North Leaside!  Updated kitchen, 3 bathrooms, hardwood floors and pot lights! Walk-out to spacious deck overlooking sun drenched, stunningly manicured, south facing garden! Steps to Northlea P.S. (English + French Immersion), short walk to Eglinton TTC, Leaside H.S., Whole Foods, Shoppers Drug Mart and 24 Hr Metro! Cycle to Serena Gundy Park!

Visit for more info!

MARKET WATCH: More Moderate Price Growth in June

July 6, 2017 -- Greater Toronto Area REALTORS® reported 7,974 sales through TREB's MLS® System in June 2017 – down by 37.3 per cent in comparison to June 2016.

The number of new residential listings entered into TREB's MLS® System, at 19,614, was up by 15.9 per cent compared to June 2016. While this annual rate of growth was sizeable, it represented a more moderate annual rate of growth compared to May 2017, when new listings were up by 48.9 per cent year-over-year.

"We are in a period of flux that often follows major government policy announcements pointed at the housing market. On one hand, consumer survey results tell us many households are very interested in purchasing a home in the near future, but some of these would-be buyers seem to be temporarily on the sidelines waiting to see the real impact of the Ontario Fair Housing Plan. On the other hand, we have existing home owners who are listing their home because they feel price growth may have peaked. The end result has been a better supplied market and a moderating annual pace of price growth," said Mr. Syrianos.

Annual growth rates for MLS® HPI benchmark prices have moderated over the past two months, but remain strong. The MLS® HPI composite benchmark price was up by 25.3 per cent on a year-over-year basis in June. June's average selling price for all home types combined for the TREB market area was $793,915, representing a 6.3 per cent increase compared to the same month in 2016. A better supplied market has certainly been a key factor influencing the moderation in price growth.

"Recent Ipsos survey results suggest that home buying activity in the GTA will remain strong moving forward. The year-over-year dip in home sales we have experienced over the last two months seem to be the result of would-be buyers putting their decision to purchase temporarily on hold while they monitor the impact of the Fair Housing Plan. On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016,"said Jason Mercer, TREB's Director of Market Analysis and Service Channels.

To read the full report, please visit:

Wednesday, July 5, 2017

Saturday, June 24, 2017

NEW LISTING! Spacious Charmer in Bedford Park!

Detached 3 bedroom on quiet one block street! Traditional gumwood trim, leaded glass windows and French doors! Add your personal touches! Private drive, garage plus legal front yard parking! Entertain on large private deck overlooking manicured garden! Check out the backyard studio! Steps to popular Bedford Park P.S.! 5 minute walk to Yonge/Lawrence subway, Wanless Park & Yonge St. shopping & fine dining!

Visit for more info!