Thursday, June 21, 2018

NEW LISTING! Bayview & Manor Rd Retail Space for Lease!

(BAYVIEW / EGLINTON) Rare extra-large, open space (approximately 1,953 square feet) with full, high basement! Retail or restaurant use — patio potential! Prime location among popular restaurants, cafes and eclectic neighbourhood shops!

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

Friday, June 8, 2018

MARKET WATCH: GTA REALTORS® Release May Stats

June 4, 2018 -- Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While the number of sales was down year-over-year, the annual rate of decline was less than reported in February, March and April, when sales were down by more than 30 per cent. On a month-over-month basis, seasonally adjusted May sales were basically flat compared to April.

Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more than sales in comparison to last year means that competition increased between buyers. Recent polling conducted by Ipsos for TREB suggests that listing intentions are down markedly since the fall.

"Home ownership remains a sound long-term investment. Unfortunately, many home buyers are still finding it difficult find a home that meets their needs. In a recent Canadian Centre for Economic Analysis study undertaken for the Toronto Real Estate Board, it was found that many people are over-housed in Ontario, with over five million extra bedrooms. These people don't list their homes for sale, because they feel there are no alternative housing types for them to move into. Policy makers need to focus more on the 'missing middle' – home types that bridge the gap between detached houses and condominium apartments," said Mr. Syrianos.

The MLS® Home Price Index (HPI) Composite Benchmark was down by 5.4 per cent year-overyear. The average selling price for all home types combined was down by 6.6 per cent to $805,320. On a seasonally adjusted basis, the average selling price was up by 1.1 per cent compared to April 2018.

"Market conditions are becoming tighter in the Greater Toronto Area and this will provide support for home prices as we move through the second half of 2018 and into 2019. There are emerging indicators pointing toward increased competition between buyers, which generally leads to stronger price growth. In the City of Toronto, for example, average selling prices were at or above average listing prices for all major home types in May," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1805.pdf

Friday, May 25, 2018

NEW LISTING! Davisville Village Detached 3 Bedroom!

(Available for Lease) Beautifully maintained detached 3 bedroom with legal front pad parking! Modern kitchen with stainless steel appliances, two modern bathrooms, hardwood floors, finished lower level with rec. room + office! Party size deck! Landlord will provide basic lawn care. Maurice Cody School District! Walk to Bayview, Eglinton TTC!

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

Thursday, May 3, 2018

MARKET WATCH: GTA REALTORS® Release April Stats

May 3, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

"While average selling prices have not climbed back to last year's record peak, April's price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation," said Mr. Syrianos.

"The comparison of this year's sales and price figures to last year's record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1804.pdf

Wednesday, April 4, 2018

MARKET WATCH: GTA REALTORS® Release March Stats

April 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB's MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB's MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

"TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017," said Mr. Syrianos. "The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year."

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

"Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven't seen prices climb back to last year's peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1803.pdf

Monday, April 2, 2018

Leaside Blood Donor Clinic - Wednesday, April 4th, 2018

“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 4th, 2018 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.

Thursday, March 29, 2018

OPEN HOUSE! Bayview / Eglinton - this weekend!


57 Fairfield Road, Toronto 

Click here to view map & MLS Listing information

Saturday, March 31st, 2018
and Sunday, April 1st, 2018

2:30 pm - 4:30 pm

See you there!

NEW LISTING! Detached 3 Bedroom Near Bayview & Eglinton!

(Available for sale) Beautifully maintained and updated detached 3 bedroom on one of North Toronto’s most desired and admired streets! French doors open to wonderfully private south facing garden oasis! The same owner for 20+ years has upgraded the roof, bathrooms, kitchen, (most) windows and mechanicals! Short walk to Eglinton TTC and future LRT!

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

Tuesday, March 6, 2018

MARKET WATCH: GTA REALTORS® Release February Stats

March 6, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB's MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.

The number of new listings entered into TREB's MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801 new listings entered in February 2017. However, the level of new listings remained below the average for the month of February for the previous 10 years.

"When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017. Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs," said Mr. Syrianos.

The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February's average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years.

"As we move further into the spring and summer months, growth in sales and selling prices is expected to pick up relative to last year. Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments. This being said, listings supply will likely remain below average in many neighbourhoods in the GTA, which, over the long-term, could further hamper affordability," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1802.pdf

Tuesday, February 6, 2018

MARKET WATCH: GTA REALTORS® Release January Stats

February 6, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB's MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017.

The number of new listings entered into TREB's MLS® System amounted to 8,585 – a 17.4 per cent increase compared to 7,314 new listings entered in January 2017. However, it is important to note that the level of new listings was the second lowest for the month of January in the past 10 years.

"TREB released its outlook for 2018 on January 30th. The outlook pointed to a slower start to 2018, especially compared to the record-setting pace experienced a year ago. As we move through the year, expect the pace of home sales to pick up, as the psychological impact of the Fair Housing Plan starts to wane and home buyers find their footing relative to the new OSFImandated stress test for mortgage approvals through federally regulated lenders," said Mr. Syrianos.

The MLS® Home Price Index Composite Benchmark was up by 5.2 per cent year-over-year. This annual rate of growth was driven by the condominium apartment market segment, with doubledigit annual growth versus the single-family segment, with prices essentially flat compared to last year. The overall average selling price was down by 4.1 per cent year-over-year to $736,783. This decline was weighted toward the detached segment of the market. In the City of Toronto, the average selling price was up for all home types except for detached houses.

"It is not surprising that home prices in some market segments were flat to down in January compared to last year. At this time last year, we were in the midst of a housing price spike driven by exceptionally low inventory in the marketplace. It is likely that market conditions will support a return to positive price growth for many home types in the second half of 2018. The condominium apartment segment will be the driver of this price growth," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1801.pdf

Monday, January 15, 2018

NEW LISTING! Store for lease on "South Bayview"!

Fantastic opportunity in Leaside / Davisville Village!  Approximately 800sf plus full basement in prime Bayview shopping district! Nestled amongst boutique shops, food stores and popular restaurants, bakeries & pastry shops! Delightful patio! Two parking spots included (tandem)! Well maintained building owned by the same family for 40+ years!

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

Friday, January 5, 2018

Commercial/Office/Retail Spaces For Lease in Leaside & KoreaTown!

South Leaside Office Space For Lease

(Available for lease)  Approximately 675 s.f. for creative/professional/retail use in popular and well managed small commercial building at Bayview & Moore.  Bright south aspect!  Existing tenant has occupied the space for 15+ years!  Present layout includes 3 offices plus a kitchenette.  One outside parking spot included.  Other tenants include dentists, music studio, computer repairs and TV sales & service.  Super handy to downtown, TTC on the doorstep, grocery and pharmacy across the street!  No restaurants or food product use permitted.  Landlord willing to offer a new long term lease.

Commercial/retail space in KoreaTown! (Bloor & Christie)

(Available for lease) Wonderful opportunity! Approx. 950sf of retail space! Previous tenant occupied the space for approximately 20 years! Current layout provides reception area + 3 offices — tenant can renovate to suit their needs! Lower level with bright main floor entry! Steps to Christie Subway Station & Christie Pits Park! Incredible neighbourhood shops & restaurants along Bloor Street! Sorry no restaurants or food product businesses.


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

MARKET WATCH: GTA REALTORS® Release December/Annual Stats

January 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB's MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016.

Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January 1, 2018.

"Much of the sales volatility in 2017 was brought about by government policy decisions. Research from TREB, the provincial government and Statistics Canada showed that foreign home buying was not a major driver of sales in the GTA. However, the Ontario Fair Housing Plan, which included a foreign buyer tax, had a marked psychological impact on the marketplace. Looking forward, government policy could continue to influence consumer behavior in 2018, as changes to federal mortgage lending guidelines come into effect," said Mr. Syrianos.

The average selling price for 2017 as a whole was $822,681 – up 12.7 per cent compared to 2016. This annual growth was driven more so by extremely tight market conditions during the first four months of the year. In the latter two-thirds of 2017, fewer sales combined with increased listings resulted in slower price growth. In December, the MLS® Home Price Index (HPI) Composite Benchmark was up by 7.2 per cent year over year, and the overall average selling price was up by 0.7 per cent year over year.

"It is interesting to note that home price growth in the second half of 2017 differed substantially depending on market segment. The detached market segment – the most expensive on average – experienced the slowest pace of growth as many buyers looked to less expensive options. Conversely, the condominium apartment segment experienced double-digit growth, as condos accounted for a growing share of transactions," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1712.pdf