BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800email: ryan@ry...
BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800email: ryan@ry...
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Ryan roberts newsletter may 2013

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The latest market news for Toronto Real Estate. Also, some tid bits

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Transcript of "Ryan roberts newsletter may 2013"

  1. 1. BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800email: ryan@ryanroberts.ca • www.ryanroberts.catwitter.com/TOrealestate • blog.mydreamtorontohome.comPrinted on 100% post-consumer recycled paperB r o k e rRyanRoberts caW o r k i n g B y R e f e r r a lMay 2013Market UpdateWhile not as brisk as previous weeks we are experiencing another strong week of sales in the Downtown Toronto market.Week over week, we have seen a slight decline in the number of new listings but we suggest that this is nothing more thana small blip in an otherwise healthy Spring. The number of homes being sold at or over asking has remained consistent atnearly 60%. Interestingly, there has been a significant rise in the number of conditional deals which clearly illustrates thatpeople are beginning to tire of bidding wars.No question that the Toronto real estate market got off to a relatively slow start in 2013 due to unusually bad weather andtightening mortgage rules but we expect more listings and a forward shift of the traditional Spring Market. We forecaststeady sales continuing later into the summer, possibly into July. Buyer demand is still strong and it may take longer to feedthat demand. Jason Mercer, senior economist for The Toronto Real Estate Board believes that more freehold homes willcome available over the next 4-6 months as people start to shake off fears of a housing bubble.In the Downtown Core sales of first-time buyer homes, those priced in the $400k to $700k range continues to pose thebiggest challenge as only 21 new listings came to market versus 76 sales. The mid-market, homes priced between $700Kand $1.5M is also experiencing tight availability, with 63 units sold to only 53 new listings. As expected, the high-endluxury market continues to open up with 11 new listings and only 5 sales.Condo sales continue to improve, and currently represent 50% of overall sales units in the Downtown Core. We currentlysee a small increase in prices most likely due to fewer resale units coming to market. We see this trend continuing into thelate summer.
  2. 2. BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800email: ryan@ryanroberts.ca • www.ryanroberts.catwitter.com/TOrealestate • blog.mydreamtorontohome.comPrinted on 100% post-consumer recycled paperB r o k e rRyanRoberts caW o r k i n g B y R e f e r r a lFeatures Listing:40 Belcourt RoadOffered for sale at: $1,599,000Book of the Month:Wherever I Wind Up by: RA Dickey. A powerful story about a Olympic phenom american baseball pitcher who falls toa career minor leaguer. After a difficult conversation with a pitching great/pitching coach he is told to become a fulltimeknuckleballer or leave baseball. So he does, becomes the 2012 National League Cy Young winner as the best pitcher. Nowhe is a Jay. RA has faced many personal and professional issues with a refreshing and authentic approach. A wonderfulread.Eco Tip:• Choose local and organic foods that are in season, and support local food producers• Eat less meat (the total footprint is massive)The real estate business is a relationship business that is built over time. I believe the greatest and most fulfillingbusiness is built on referrals. So I would like to say that I am never too busy for your referrals. It would be an honourto serve a friend or family member of yours.

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