Wednesday, November 30, 2016

NEW LISTING! Davisville Village bungalow!

Attention renovators & builders! Detached bungalow on 25 x 125 foot lot in Davisville Village! Legal front pad parking! Beautiful manicured garden! Steps to Maurice Cody School! Stroll to Bayview's fantastic shops and restaurants! 

Visit our Properties Page for more info!

SOLD! Fantastic opportunity in South Leaside!

Attention renovators and builders! Detached home on 30’ x 120’ lot! (28’2” at rear.) Quiet block with many newer homes, just a 3 minute walk to the St. Clair bus; short walk to great shopping at Leaside Village, Bayview’s wonderful shops & restaurants, tennis club, skating rink, curling club and swimming pool! 

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Thursday, November 3, 2016

October Home Sales Up Year-Over-Year

TORONTO, November 3, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

"The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017," said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- yeaThe MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a yearover- year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

"New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller's market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1610.pdf