Thursday, December 3, 2015

Record Sales in November 2015

TORONTO, December 3, 2015 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB's MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of 2015 amounted to 96,401.

"Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 10.3 per cent year over year in November. The average selling price for all transactions was also up by a similar annual rate of 9.6 per cent to $632,685. Annual rates of average price growth for November and the first eleven months of 2015 were similar, with the strongest rates of increase being reported for low-rise home types, including detached and semi-detached houses and townhouses.

"Demand for ownership housing has remained strong in the GTA throughout 2015, with sales generally increasing at a greater annual rate compared to new listings. This means that competition between buyers has strengthened in many neighbourhoods in the City of Toronto and surrounding regions. The end result has been upward pressure on home prices well above the rate of inflation in most cases," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1511.pdf


Thursday, November 19, 2015

NEW LISTING! Spacious 2 bdrm, 2 bathroom in South Leaside condo!

(Available for sale) Very spacious 2 bedroom, 2 bathroom suite with balcony overlooking trees and gardens! Two double closets in master bedroom plus a 3 piece ensuite! Upgraded bathrooms! Parking and locker included! TTC at the door! 5 minutes to Leaside Village shopping! Steps to recreation facilities including skating, curling, swimming pool and tennis club!

Visit www.bonniebyford.com/properties.html for more info!

Friday, November 6, 2015

TREB Housing Market Charts October 2015


Record Home Sales for October

November 5, 2015 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 8,804 home sales through TREB's MLS® System in October 2015. This is the best result on record for the month of October.

"It is clear that many GTA households remain upbeat about home ownership because owning a home represents a high quality, long-term investment. We will see a big, new record this year for home sales reported through TREB's MLS® System," said Mr. McLean.

"Despite the record October result, I must point out that the Government of Ontario could hamper home sales in the near future. The Wynne government is seriously considering allowing municipalities throughout Ontario to institute a second land transfer tax on top of the existing provincial tax. Recent polling has shown that the great majority of Ontarians oppose this tax and would consider delaying a move if they were forced to bear the additional upfront cost," added Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 10.3 per cent year over year in October. Over the same period, the average selling price for all home types combined was up by 7.3 per cent to $630,876. Price growth continued to be driven by the low-rise market segments.

"Record sales coupled with a constrained supply of listings in many GTA neighbourhoods has underpinned very strong price growth throughout 2015. Even if we do see a greater supply of low-rise listings in the marketplace over the next year, market conditions will remain tight enough to see continued price growth well-above the rate of inflation," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1510.pdf

Wednesday, November 4, 2015

St. Cuthbert's Fabulous Christmas Fair!

St. Cuthbert's Fabulous Christmas Fair!

Saturday, November 14, 2015
11am - 2pm

Great shopping with treasures, jewellery, baking, toys etc. and a yummy lunch!

The Silent Auction with contributions from local merchants is a big draw.

St. Cuthbert's Anglican Church
1399 Bayview Avenue, Toronto, M4G 3A6


[Look for Bonnie Byford Real Estate's donation of 3 metal die-cast model cars in the Silent Auction!]

Friday, October 23, 2015

NEW LISTING! One bedroom + den penthouse at 319 Merton!

(Available for sale) One bedroom plus den at the very popular “Domain” condominium residence at the corner of Mt. Pleasant Rd! Stunning unobstructed south-west views over the tree tops to downtown from an oversized balcony highlight this immaculate suite! Includes large, parking spot and locker! Superb amenities include concierge, indoor pool, gym, guest suite & visitor parking!

Visit www.bonniebyford.com/properties.html for more info!

Wednesday, October 21, 2015

It's Time For Our Annual Halloween Glowstick GIVE-AWAY!

BE SAFE, BE SEEN, this Halloween!

Kids, come to our office during regular business hours,
between now & October 31st to pick up your

FREE Halloween Glowstick!

Quantities are limited, get yours before they run out!

Thursday, October 15, 2015

NEW LISTING! 3 bedroom suite in "Leaside Gate"!

(Available for lease) Rarely offered 3 bedroom, 1,759 sf (from builder's layout)! Freshly painted throughout, almost all brand new stainless steel appliances, new broadloom, 2 full bathrooms! 2 walk-in closets in spacious master bedroom! Includes all utilities except cable TV. Minimum one year lease, longer preferred! No smokers, no pets please!

Visit www.bonniebyford.com/properties.html for more info!

Wednesday, October 7, 2015

TREB Housing Market Charts - September 2015


Record Home Sales in September 2015

TORONTO, October 5, 2015 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB's MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.

TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

"We are on track for record home sales reported through TREB's MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long-term investment," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year. The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semidetached houses and townhouses.

"While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year's level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1509.pdf

Thursday, October 1, 2015

Leaside United's Fall AWESOME SALE -- coming soon!!

sale-sign
The Fall Awesome Sale is quickly approaching.

Friday, October 16th, 2015 from 3 p.m. - 7 p.m.

Saturday, October 17th, 2015 from 10 a.m. - noon

1000s OF PRE-SORTED, QUALITY ITEMS
13 DEPARTMENTS INCLUDING:
TREASURES AND TRINKETS, BOOKS, CLOTHING, LINENS, TOYS, FURNITURE, SMALL APPLIANCES, HOUSEWARES, JEWELLERY and OTHERS…
Baking & Snack Bar too!

 
Drop in and browse for Bargains !!!
 PROCEEDS TO FUND BOTH CHURCH AND OUTREACH PROGRAMS!!!
rummage_sale

Monday, September 21, 2015

Lucky trolls cheering on the Jays!


Visit our newest window display to see our famous good luck trolls cheering on the Blue Jays!



You may remember some of our past window displays featuring lucky trolls enjoying an array of summer activities at the beach, attending the "Lucky Troll Montessori" and all dressed up for winter, roasting marshmallows over a campfire!  This year they've jumped on the Blue Jay bandwagon!! 

If you're on Bayview, be sure to check them out!  #GoJaysGo!!!!!

And don't forget, we're also available to talk real estate, anytime. ;-) Come on in! 1536 Bayview Ave.

Wednesday, September 16, 2015

Friday, September 4, 2015

TREB Housing Market Charts - August 2015


Sales and Average Price Up in August

September 4, 2015, TORONTO -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for all major home types.

The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers' market conditions remained in place, especially where low-rise home types like singles, semis and townhouses were concerned.

"Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while at the same time providing owners with a place to live in their chosen community," said Mr. McLean.

Both the MLS® Home Price Index (HPI) Composite Benchmark and the average selling price for all home types combined were up substantially in August compared to the same period in 2014, with both increasing by approximately 10 per cent year-over-year.

"A record year for home sales continued to unfold in August as competition between buyers exerted upward pressure on selling prices. It was encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1508.pdf

Tuesday, September 1, 2015

Mount Pleasant Village Public Meeting Reminder


Don't forget about the Mount Pleasant Village Public Meeting to discuss a new streetscape plan.

Urban design company PUBLIC WORK will present their initial draft of what Mt. Pleasant could look like in 10 years.

September 2nd, 2015 - 6:30pm
Briton House (720 Mount Pleasant Road)

More info: http://www.mountpleasantvillage.ca/news/public-meeting-streetscape

Thursday, August 13, 2015

NEW LISTING! 1,000 sf Retail/Storefront Opportunity in Mount Pleasant Village!

(Available for lease) Spacious storefront (approx. 1000sf) in the heart of busy & vibrant shopping district! Full basement plus one covered parking spot! Surrounded by popular restaurants & boutiques! Well maintained building — last tenant stayed for 15 years!

Visit www.bonniebyford.com/properties.html for more info!

Wednesday, August 12, 2015

NEW LISTING! Yonge & Eglinton 1 Bdrm Condo For Lease!

(Available for lease) 1 bedroom + den with south-west views! Chic dark floors plus modern kitchen with stainless steel appliances! Enjoy the building’s wonderful facilities including a yoga room, party room, guest suites, gym, theatre, meeting room — plus you can relax in the hot tub located on the rooftop patio while enjoying the breathtaking southern views over downtown Toronto! Just steps to Yonge & Eglinton! Walk to Subway, grocery stores, theatres, restaurants & more! Rated 96 on Walk Score®!

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Monday, August 10, 2015

NEW LISTING! Charming South Leaside Bungalow!

(Available for lease) Beautiful 2 bedroom bungalow! Freshly painted & freshly refinished hardwood floors! South facing deck & patio overlook tranquil garden. Steps to South Leaside bus -- 15 minutes to subway! Owner provides basic lawn care; Tenant responsible for watering grass & snow removal. No smokers & prefer no pets.

Visit www.bonniebyford.com/properties.html for more info!

Friday, August 7, 2015

TREB Housing Market Charts - July 2015


New Record for July Home Sales

August 6, 2015, TORONTO -- Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB's MLS® System, representing an eight per cent increase compared to July 2014. The number of transactions were up for all major home types, including a doubledigit year-over-year increase in condominium apartment sales.

"As we move towards a new record for home sales this year, it is important to point out that home ownership demand has been driven not only by low borrowing costs, but also by the fact that the GTA economy has been performing quite well, with the unemployment rate lower compared to last year. Home buyers remain confident in the long-term benefits of owning a home," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark, which accounts for benchmark home prices in communities throughout the TREB market area, was up by 9.4 per cent yearover- year in July 2015. Over the same period, the average selling price was up by a slightly greater amount, growing by 10.6 per cent annually to $609,236.

Detached homes continued to lead the way in terms of price increases, with annual growth in the average selling price outstripping growth in the MLS® HPI detached benchmark. This suggests that there continued to be a greater share of high-end homes sold this year compared to last.

"With the level of inventory in the GTA trending below two months, many listings continued to generate a lot of interest from buyers. Not surprisingly, this supported further price increases well-above the rate of inflation. Assuming similar interest rate and economic environments over the next five months, strong price growth will remain the norm for the rest of 2015," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1507.pdf

Tuesday, July 28, 2015

NEW LISTING! South Leaside 3 Bedroom Detached!

(Available for lease) Rare opportunity to lease in the heart of South Leaside! Beautifully renovated in 2013, this home shines! Steps to St. Clair Bus, Tennis Club and Library! Walk to Bayview's wonderful boutiques & restaurants, plus pubs & shopping on Laird! Minimum one year lease; longer preferred! No smoking & prefer no pets.

Visit www.bonniebyford.com/properties.html for more info!

Tuesday, July 7, 2015

Record Sales and Strong Price Growth in June

July 7, 2015, TORONTO -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.

“As I begin my term as TREB President, I think it is important to point out that our region continues to grow in response to our diverse economic, ethnic and cultural bases. The GTA consistently receives international accolades as one of the best places in the world to live and do business. As the number of households grow, many of them will take advantage of the diversity of affordable home ownership opportunities that exist in Toronto and the surrounding areas,” said Mr. McLean.

Selling prices were up markedly on a year-over-year basis in June, for all major home types. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent in comparison to June 2014. The average selling price was up by 12.3 per cent over the same period to $639,184.

High-end homes have accounted for a greater share of overall transactions this year compared to last year. This is the key reason why the average selling price has increased at a greater annual rate than the MLS® HPI Composite Benchmark.

“It is encouraging to see that new listings have edged upward so far this year, as homeowners have reacted to strong home price growth and have looked to take advantage of increased equity in their homes. However, the annual rate of sales growth continues to far outstrip listings growth, which means that there remains a lot of willing buyers in the marketplace who haven’t found a home that meets their needs. As long as this situation persists, expect home prices to trend strongly upward,” said Jason Mercer, TREB’s Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1506.pdf

Friday, July 3, 2015

NEW LISTING! Davisville Village Condo!

(Available For Lease!) Immaculate one bedroom + den! Hardwood floors throughout — oversized southwest facing balcony — modern kitchen! One parking & one locker included! TTC on the doorstep, 5 minutes to Yonge/Davisville subway! Stroll to Mt. Pleasant’s eclectic stores and restaurants; or check out the farmer's market across the street, Tuesdays at June Rowlands Park!  No smoking & no pets please.

Visit http://www.bonniebyford.com/properties.html for more info!

Monday, June 29, 2015

NEW LISTING! Luxury duplex in Moore Park!

(Available For Lease!)  Absolutely fabulous main floor suite in Moore Park! Totally renovated - 2 bedrooms, 2 bathrooms - stainless steel appliances - updated windows - pot lights - gas fireplace in living room - hardwood floors - private parking for 2 cars! TTC at your doorstep, 5 minutes to Yonge & St. Clair! Minimum 1 year lease (longer is preferred), no pets & no smoking.

Visit http://www.bonniebyford.com/properties.html for more info!

Wednesday, June 3, 2015

A New Sales Record for the Month of May

June 3, 2015, TORONTO -- Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing types. However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for detached homes.

“During my tenure as TREB President over the past year, it is clear to me that ownership housing remains top of mind as a quality long-term investment for GTA households. This is why, despite a shortage of listings in some market segments, we experienced a record number of sales reported through TREB’s MLS® System for the month of May,” said Mr. Etherington.

Record May transactions, coupled with a dip in the number of homes available for sale, resulted in strong price growth. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent year over year in May. The MLS® HPI uses benchmark homes to estimate price growth. This allows for an “apples to apples” comparison of price growth that is not affected by changes in the mix of sales activity.

The average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599. The higher annual rate of average price growth compared to the MLS® HPI Composite Benchmark points to the fact that the proportion of high-end home sales continued to be greater compared to 2014.

“Tight market conditions, especially for singles, semis and town homes in the GTA, have resulted in strong price growth regardless of the price metric being considered. With no relief so far on the listings front, expect similar rates of price growth as we move through the remainder of 2015. At this point, a number of months where listings growth outstrips sales growth would be required to satisfy pent-up demand,” said Jason Mercer, TREB’s Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1505.pdf

Friday, May 22, 2015

Wednesday, May 20, 2015

Garage Sale on Bessborough this Saturday!

SOUTH LEASIDE GARAGE SALE!

30 Bessborough Drive
Saturday, May 23rd, 2015
9:00am - 2:00pm
View Map

NEW LISTING! 3 Bdrm in Davisville Village!

Delightful 3 bedroom semi with PRIVATE DRIVE! Lovingly maintained by the same family for over 80 years! Many mechanical upgrades including electrical, furnace and air conditioning! Quiet one block street! Maurice Cody school district! Steps to Davisville bus; stroll to Bayview's wonderful shops and restaurants!

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Wednesday, May 6, 2015

NEW LISTING! South Leaside Charmer!

(Available for lease) Heart of Leaside! Unique Cape Cod style centre hall plan! 2 bedrooms plus main floor den! Pretty, well maintained garden, private parking off the lane. Steps to TTC, shopping, pubs, library and tennis! Minimum one year lease (longer term preferred). No smokers, no pets please.

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Tuesday, May 5, 2015

TREB Housing Market Charts - April 2015


Record Sales in April 2015

TORONTO, May 5, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 11,303 sales in April 2015. This was the highest sales result on record for the month of April and represented a 17 per cent increase in comparison to April 2014. While sales increased strongly on a year-over-year basis, new listings were up over the same period by a more moderate five per cent.

“The record April result clearly points to the fact that a growing number of GTA households view ownership housing as a high quality, long-term investment. This is evidenced by the strong sales growth we have experienced in Toronto and surrounding regions for all major home types. Firsttime buyers and existing homeowners remain very active in today’s market,” said Mr.Etherington.

The overall average selling price, which accounts for all homes reported sold by GTA REALTORS® in April 2015, was up by 10 per cent year-over-year to $635,932. The MLS® Home Price Index (HPI) Composite Benchmark, which estimates the price of a benchmark home with the same attributes from one period to the next, was up by 8.4 per cent over the same period. The fact that average price growth outpaced growth for the MLS® HPI Composite Benchmark, suggests that a greater share of higher-end homes changed hands this year compared to last.

Irrespective of the indicator used, price growth in the GTA was strongest for low-rise home types. However, the better supplied condominium apartment segment also remained healthy with price growth above the rate of inflation.

“Demand for ownership housing was very high relative to the number of homes available for sale in April. This situation is not expected to change markedly as we move through the remainder of 2015. Until we experience a sustained period in which listings grow at a faster pace than sales, annual rates of home price growth will remain strong,” said Jason Mercer, TREB’s Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1504.pdf

Monday, April 20, 2015

The Awesome Sale is coming!!!

sale-sign
The Spring Awesome Sale is quickly approaching.

Friday May 8th, 2015 from 3 p.m. to 7 p.m.

Saturday, May 9th, 2015 from 9 a.m. to 12 p.m.

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!!!
rummage_sale

Thursday, April 16, 2015

"Sunnybrook Plaza" Redevelopment - Community Consultation Meeting

The City of Toronto has announced a community consultation meeting regarding the Planning application for 660 Eglinton Avenue East.

Date:  Tuesday, April 28, 2015
Time:  7:00 p.m. to 9:00 p.m.
Place:  Leaside Memorial Community Gardens, The William Lea Room, 1073 Millwood Road

The application proposes to amend the zoning by-law to permit a 19-storey and a 13-storey apartment building on top of a predominately 8-storey base building, with retail at grade. (The existing commercial plaza would be demolished.)

You may also contact Councillor Jon Burnside, Ward 26, at 416-392-0215.

Monday, April 13, 2015

"Bayview/Hillsdale Condo" - Community Consultation Meeting

The City of Toronto has announced a community consultation meeting regarding the Planning application for 701-702 Soudan, 1674-1684 Bayview Avenue & 720 Hillsdale Avenue East.

Date:  April 22, 2015
Time:  7:00 p.m. to 9:00 p.m.
Place:  Mount Pleasant Library, 599 Mount Pleasant Avenue

Proposal for an official plan amendment and zoning by-law amendment to allow for a proposed 9 storey mixed us building with retail on the ground floor and residential above, and 243 car parking spots in 3 levels of underground parking.  You can view a copy of the Preliminary Report providing background information at: http://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-75643.pdf

You may also contact Councillor Josh Matlow, Ward 22, at 416-932-7906 or email at councillor_matlow@toronto.ca for more information.

Wednesday, April 8, 2015

NEW LISTING! Detached Jewel at Bayview & Eglinton!

(Available for sale) Modern eat-in kitchen with large bay window, main floor family room with stunning floor to ceiling natural stone gas fireplace! Walk-out to patio and manicured secluded garden! Spacious master bedroom! Watch the sun set from west facing rooftop deck! Private drive! Steps to Eglinton TTC! Walk to 24 hour Metro & Whole Foods (opening soon), and the wonderful shopping & restaurants along Bayview Avenue!

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Tuesday, April 7, 2015

TREB Housing Market Charts - March 2015


Sales and Price Up Year-Over-Year in March 2015

TORONTO, April 7, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.

“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices. However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington.

In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year. The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent. Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent. Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent.

The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply. Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next.

"It is clear that seller's market conditions in many parts of the GTA are driving price growth. However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI. This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1503.pdf

Monday, March 30, 2015

Supporting The "Stars" of Tomorrow!

Proud Sponsors of 2014-2015 Leaside Hockey Association!

Northlea Community's 25th Blood Donor Clinic - April 20th, 2015

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

Your help is needed!

Where: Northlea School (North Gym) 305 Rumsey Road
When: Monday, April 20th, 2015 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.bloodservices.ca/ Refreshments are available.

FREE Easter Colouring Books!

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

Wednesday, March 4, 2015

TREB Housing Market Charts - February 2015


Robust Sales and Price Growth in February

TORONTO, March 4, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.

“Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live,” said Mr. Etherington.

The overall supply of homes for sale, as measured by the count of active listings at the end of February 2015, was down by 8.7 per cent compared to the same count in February 2014. This means that market conditions became tighter, leading to more competition between buyers.

The overall average selling price for February 2015 home sales was $596,163– up by 7.8 per cent compared to the average for February 2014. Driving this increase was the detached market segment. In the City of Toronto, the average detached selling price moved above $1 million dollars for the first time in a calendar month.

“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1502.pdf

Friday, February 13, 2015

Sunnybrook Plaza Redevelopment Plans


Looking northeast at 660 Eglinton Avenue East by Turner Fleischer Architects for RioCan (urbantoronto.ca)
According to urbantoronto.ca, the proposed development would feature 13 and 19-storey towers.  Read more here.

Wednesday, February 4, 2015

TREB Housing Market Charts - January 2015


Strong Start to 2015

TORONTO, February 4, 2015 -- Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.

"The January results represented good news on multiple fronts. First, strong sales growth suggests home buyers continue to see housing as a quality long-term investment, despite the recent period of economic uncertainty. Second, the fact that new listings grew at a faster pace than sales suggests that it has become easier for some people to find a home that meets their needs," said Mr. Etherington.

The average selling price for January 2015 home sales was up by 4.9 per cent year-overyear to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014.

"Home price growth is forecast to continue in 2015. Lower borrowing costs will largely mitigate price growth this year, which means affordability will remain in check. The strongest rates of price growth will be experienced for low-rise home types, including singles, semis and town houses. However, robust end-user demand for condo apartments will result in above-inflation price growth in the high-rise segment as well," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1501.pdf

Tuesday, January 27, 2015

NEW LISTING! North Leaside Boutique Condominium!

Elegantly decorated, spacious 2 bedroom located at the rear of the building overlooking the trees & gardens of North Leaside! Thousands spent in upgrades to the kitchen, granite counters, bathroom, floors, wainscotting + crown mouldings. Includes parking and locker! Boutique condo with just 36 suites! TTC at door! Walk to shopping on Eglinton!

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Tuesday, January 13, 2015

NEW LISTING! Detached in Davisville Village!

Detached 3 bedroom, loved by same family for 30 years! Classic wood trim, plate rail & French doors! Deep, sunny south garden, legal front pad parking + mutual drive! Maurice Cody School District! Just one block south of Eglinton for excellent TTC access! Steps to the fine dining and eclectic shopping on Bayview and Mt. Pleasant!

Visit our Properties Page for more info!
http://www.bonniebyford.com/properties.html

Wednesday, January 7, 2015

TREB Housing Market Charts - December 2014


Near Record Sales in 2014

TORONTO, January 7, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007.

"TREB's 2014 sales figures are a testament to the importance Greater Toronto Area households continue to place on home ownership. GTA households realize that home purchases have been a quality long-term investment. While home prices certainly increased substantially in 2014, the purchase of an average priced home remained affordable, in terms of the average household's ability to comfortably cover their monthly mortgage payments," said Mr. Etherington.

"Even with a constrained supply of homes for sale in many parts of the Greater Toronto Area, buyers continued to get deals done last month. Households remain upbeat about home ownership because monthly mortgage payments remain affordable relative to accepted lending standards. This is coupled with the fact that housing has proven to be a quality long-term investment," stated Mr. Etherington.

The average selling price continued to grow on a year-over-year basis in calendar year 2014, with an 8.4 per cent increase over calendar year 2013 to $566,726. This included a seven per cent increase in the December 2014 average selling price to $556,602. Throughout 2014, annual increases in the average selling price and the MLS® HPI Composite Benchmark were consistently reported on a monthly basis for most market segments, from detached homes through to condominium apartments.

"The strong price growth we experienced in 2014 can be explained with two words: listings shortage. The constrained supply of listings was especially evident for low-rise home types like singles, semis and town houses. The number of households looking to purchase these home types increased, while the number of homes from which they could choose decreased. This situation resulted in more competition between buyers and more aggressive offers," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1412.pdf