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

Wednesday, March 1, 2017

NEW LISTING! Prime Retail space on Bayview Avenue!

Approximately 700sf plus full basement, nestled between Leaside and Davisville Village in pedestrian friendly shopping district. Two patios; one on Bayview + one at the rear. “Rosie’s Kitchen” has operated here for many years (restaurant owners are retiring). Landlord will consider other retail business.

Visit our Properties Page for more info!

Friday, February 24, 2017

NEW LISTING! Ready-to-go restaurant in The Beach!

(Available for lease) "PRIME BEACH LOCATION!" 30 ft frontage! High pedestrian traffic! North side of Queen -- sunny side of the street! Fold-away front windows for al-fresco style dining in the summer! This former restaurant is renovated and ready to move in! Warm wood-grain flooring, exposed brick, decorative ceiling, excellent lighting + **Municipal License & Liquor License In Place**. Approx 2300 sqft. on main floor + full basement with office area, walk-in fridge & freezer, large prep area. Available immediately.

Visit our Properties Page for more info!

NEW LISTING! 3 bedroom South Leaside Semi!

(Available for Lease) Smart 3 bedroom semi with open plan main floor! Modern kitchen, finished basement with 3 piece bathroom! Excellent schools: Rolph Road, Bessborough + Leaside High! Easy access to TTC, great shopping, library and recreational facilities! (No smoking, no pets please.)

Visit our Properties Page for more info!

Friday, February 3, 2017

Strong Start to 2017

TORONTO, February 3, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016. Annual rates of sales growth were higher for condominium apartments than for low-rise home types.

January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types.

"Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, we expect the demand for ownership housing to remain strong, including demand from first-time buyers who, according to a recent Ipsos survey, could account for more than half of transactions this year. However, many of these would-be buyers will have problems finding a home that meets their needs in a market with very little inventory," said Cerqua.

The MLS® Home Price Index (HPI) Composite Benchmark price was up by 21.8 per cent on a year-over-year basis in January. Similarly, over the same period, the average selling price was up by 22.3 per cent to $770,745, with double-digit gains in the average prices for all major home types.

"The number of active listings on TREB's MLS® System at the end of January was essentially half of what was reported as available at the same time last year. That statistic, on its own, tells us that there is a serious supply problem in the GTA – a problem that will continue to play itself out in 2017. The result will be very strong price growth for all home types again this year," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1701.pdf

Thursday, February 2, 2017

Pilot mediation program launched to resolve disputes on minor variance and consent applications in Toronto

City of Toronto Media Relations has issued the following:
==========================================

News Release                 

February 2, 2017
 
Pilot mediation program launched to resolve disputes on minor variance
and consent applications in Toronto

The City of Toronto is launching a city-wide Mediation Pilot Program today to assist in resolving disputes for minor variance and consent applications being considered by the Committee of Adjustment.

This free program strives to assist disputing parties in reaching a voluntary, mutually-acceptable solution for some or all of the issues in dispute. The program is intended to help foster a collaborative process with neighbours as well as to reduce costs, provide access to neutral professional expertise and increase the likelihood of a settlement.

"Toronto is investing in providing smart and efficient City services that respond to Torontonians' needs," said Mayor John Tory. "The hope is that through the Mediation Pilot Program, residents can resolve disputes quicker and at reduced costs – and reduce the number of appeals."

"The planning process can be overwhelming. Residents concerned about minor variances or consents may not have the experience or financial resources to challenge lawyers and planners hired by applicants," said Councillor David Shiner (Ward 24 Willowdale), Chair of the Planning and Growth Management Committee. "I am hoping that mediation will provide an opportunity for neighbours to get professional assistance and avoid expensive appeals."

The mediation sessions will be conducted by a neutral third-party mediator and a neutral, experienced professional planner with knowledge of the City's Official Plan and zoning bylaws, including applicable minor variance and consent legislation. The Committee of Adjustment renders the final decision and is not bound by the mediated agreement.

The program will roll out across the city and will be available through the Committee of Adjustment starting with North York on February 9, followed by Toronto and East York on February 15, Scarborough on February 16, and Etobicoke and York on February 23.

More information about the Mediation Pilot Program is available at http://www.toronto.ca/cofa.

This news release is also available on the City's website: http://bit.ly/2kXhr44

Toronto is Canada's largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It is a global centre for business, finance, arts and culture and is consistently ranked one of the world's most livable cities. In 2017, Toronto will honour Canada's 150th birthday with "TO Canada with Love," a year-long program of celebrations, commemorations and exhibitions. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can visit http://www.toronto.ca, call 311, 24 hours a day, 7 days a week, or follow us on Twitter at http://www.twitter.com/TorontoComms and on Instagram at http://www.instagram.com/cityofto.


Media contact: Cheryl San Juan, Strategic Communications, 416-397-5305, cheryl.sanjuan@toronto.ca

Thursday, January 5, 2017

Record Sales in 2016

January 5, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that 2016 was a second consecutive record year for home sales. Greater Toronto Area REALTORS® reported 113,133 home sales through TREB's MLS® System – up by 11.8 per cent compared to 2015. The calendar year 2016 result included 5,338 sales in December – an annual increase of 8.6 per cent.

The strongest annual rate of sales growth in 2016 was experienced for condominium apartments followed by detached homes.

"A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region's population continued to grow in 2016," said Mr. Cerqua.

The annual rate of growth for the MLS® Home Price Index (HPI) in the TREB market area accelerated throughout 2016 – from 10.7 per cent in January 2016 to 21 per cent in December 2016. The overall average selling price for calendar year 2016 was $729,922 – up 17.3 per cent compared to 2015. The pace of the annual rate of growth for the average selling price also picked up throughout the year, including a climb of 20 per cent in December.

"Price growth accelerated throughout 2016 as the supply of listings remained very constrained. Active listings at the end of December were at their lowest point in a decade-and-a-half. Total new listings for 2016 were down by almost four per cent. In 2016, we saw policy changes and policy debates pointed at the demand side of the market. If we want to see a sustained moderation in the pace of price growth, what we really need is more policy focus on issues impacting the lack of homes available for sale," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1612.pdf

NEW LISTING! Davisville Village - Renovated 3 Bedroom!

(Available for lease) Beautifully renovated detached 3 bedroom! Open plan, modern kitchen with breakfast bar & walk-out to large patio and deep south facing garden! 3 piece master ensuite! Stunning floors throughout! Popular Maurice Cody School district! Landlord will provide basic lawn care. Legal front pad parking will be completed when weather permits!

Visit our Properties Page for more info!