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Ryan roberts toronto real estate broker may 2012 newsletter
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Ryan roberts toronto real estate broker may 2012 newsletter

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  • 1. RyanRoberts Broker ca Working By Referral May Market UpdateWell, what can I say, not much a change here...we are still rolling along with an increase in values. Buyers still facethe reality of multiple offers for the best of areas and houses that are not asking far more than their value. Here is the breakdown: 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in thesingle-detached market segment, with transactions of this home type up by 22 per cent compared to a year ago.“Interest in single-detached homes has been very high, both in the City of Toronto and surrounding regions.Growth in single-detached listings has not kept up with demand, which means competition between buyers in thismarket segment increased. With this in mind, it was no surprise that the strongest annual price increase was alsoexperienced in the single-detached segment,” said Toronto Real Estate Board President, Richard Silver.The average price for April 2012 transactions was $517,556 – up 8.5 per cent compared to April 2011. Whileprice growth was strongest for single-detached homes, the better-supplied condominium apartment segmentexperienced a more moderate annual rate of price growth, at four per cent.“Monthly mortgage payments remain affordable for home buyers in the Greater Toronto Area. While interest ratesare generally expected to increase over the next two years, the extent and timing of rate hikes has been throwninto question by slower than expected economic growth in the first quarter of this year. On net, borrowing costsare expected to remain a positive factor influencing home sales through 2012,” said Jason Mercer, TREB’s SeniorManager of Market Analysis.  Average City of Toronto home value, year-to-date: $532,871 The real estate business is a TorontoMLS Average Resale Home Price relationship business that Monthly with Three Previous Years for Comparison is built over time. I believe $550,000 2009 2010 2011 2012 the greatest and most ful- $500,000 filling business is built on $450,000 referrals. So I would like to say that I am never too $400,000 busy for your referrals. $350,000 It would be an honour to $300,000 serve a friend or family member of yours. -Ryan Source: Toronto Real Estate BoardExplanation: This chart plots the monthly MLS® average home price for the current year and theprevious three years. The recurring seasonal trend can be examined along with comparisons to previous Continued on back -->years for each month. BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9 BUS: 416-519-4040 • FAX: 416-322-8800 email: ryan@ryanroberts.ca • www.ryanroberts.ca twitter.com/TOrealestate • blog.mydreamtorontohome.com Printed on 100% post-consumer recycled paper
  • 2. RyanRoberts Broker ca Working By ReferralTop 5 Green Books1) Natural Capitalism By Paul Hawken, Amory Lovins, L Hunter Lovins2) The Lorax by Dr. Seuss3) An Inconvenient Truth by Al Gore4) Silent Spring by Rachel Carson5) Cradle To Cradle by Michael Braungart Happening This Month In TorontoMusic:• The Avett Brothers - The Danforth Music Hall - May 16, 2012• Dave Matthews Band - Molson Canadian Amphitheatre - June 2, 2012Art:• Picasso - 147 Pieces From His Private Collection - The AGORestaurant:Looking for an affordable Indian Restaurant, huh, well here you go... Banjara - 796 Bloor St West (The South West corner of Christie Pitts). This is an old burger joint, to be honest theyhaven’t put much effort into making it look any other way. Monthly Brain Engagement:The TreeHouse Group Talks -  is a collective of Toronto-area thinkers who promote the exchange of ideas bybringing together people from diverse backgrounds. On the second Friday of every month, come to the TorontoReference Library and listen to some of Toronto’s most interesting people present their work in an unusual way.Oh, it’s totally free!http://treehousegroup.org Listing of the Month 33 University Avenue, Unit 909 Offered for Sale at: $1,200,000 BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9 BUS: 416-519-4040 • FAX: 416-322-8800 email: ryan@ryanroberts.ca • www.ryanroberts.ca twitter.com/TOrealestate • blog.mydreamtorontohome.com Printed on 100% post-consumer recycled paper