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A Flood Of Real Estate Knowledge - July 2013 Newsletter
A Flood Of Real Estate Knowledge - July 2013 Newsletter
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A Flood Of Real Estate Knowledge - July 2013 Newsletter

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  • 1. 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 B r o k e r RyanRoberts ca W o r k i n g B y R e f e r r a l July 2013 July Market Update 9,061 sales through the TorontoMLS system in June 2013 – down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter. “The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter,” said Toronto Real Estate Board President Dianne Usher. “As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013,” added Ms. Usher. The average selling price in June was up by 4.7 per cent year-over-year to $531,374. In line with the 2013 norm, June price growth was driven by the single-detached and semi-detached market segments, particularly in the City of Toronto. Over the same time period, average condominium apartment selling prices remained in line with 2012 levels. “The short supply of low-rise home types in many parts of the GTA relative to the number of households looking to buy continued to prompt strong upward pressure on selling prices of singles and semis,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “We have also seen enough buyers in the better-supplied condo apartment market to provide support for selling prices at current levels.” Eco Tip: I frequently go for walks, jogs and bike rides in the parks and forests, during these rides I come across little pieces of garbage. I gather these in my pocket then toss them in the bin once I am out of the park. It’s a little thing than can go a long ways if we all pitch in. If we don’t, who will? Happenings in Toronto This Month: SummerLicious - Explore some great foods in Toronto from July 5th to 21st. Enjoy delicious three-course prix fixe menus at 196 of the city’s top restaurants!
  • 2. 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 B r o k e r RyanRoberts ca W o r k i n g B y R e f e r r a l Featured Listing: 189 Banff Rd Offered for sale at: $2,388,000 * Remember - always consider your buyer, feel free to ask me about what you are considering. Every question should be considered to protect your investment. When doing a renovation or smaller work on your home keep your potential buyer in mind, always ask your what your buyer may want down the road.

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