This document provides a market update and summary from a Toronto real estate brokerage. It summarizes that while sales have slightly declined week-over-week, the market remains healthy. There has been a rise in conditional deals as buyers tire of bidding wars. The brokerage forecasts steady sales continuing into the summer. Tight inventory remains an issue, particularly for first-time buyers and mid-priced homes. Condo sales represent 50% of downtown core sales and prices are increasing slightly due to low inventory. The document also features a property listing and recommends a book and provides an eco tip.

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
May 2013
Market Update
While 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 than
a small blip in an otherwise healthy Spring. The number of homes being sold at or over asking has remained consistent at
nearly 60%. Interestingly, there has been a significant rise in the number of conditional deals which clearly illustrates that
people 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 and
tightening mortgage rules but we expect more listings and a forward shift of the traditional Spring Market. We forecast
steady sales continuing later into the summer, possibly into July. Buyer demand is still strong and it may take longer to feed
that demand. Jason Mercer, senior economist for The Toronto Real Estate Board believes that more freehold homes will
come 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 the
biggest challenge as only 21 new listings came to market versus 76 sales. The mid-market, homes priced between $700K
and $1.5M is also experiencing tight availability, with 63 units sold to only 53 new listings. As expected, the high-end
luxury 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 currently
see a small increase in prices most likely due to fewer resale units coming to market. We see this trend continuing into the
late summer.

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
Features Listing:
40 Belcourt Road
Offered for sale at: $1,599,000
Book of the Month:
Wherever I Wind Up by: RA Dickey. A powerful story about a Olympic phenom american baseball pitcher who falls to
a career minor leaguer. After a difficult conversation with a pitching great/pitching coach he is told to become a fulltime
knuckleballer or leave baseball. So he does, becomes the 2012 National League Cy Young winner as the best pitcher. Now
he is a Jay. RA has faced many personal and professional issues with a refreshing and authentic approach. A wonderful
read.
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 fulfilling
business is built on referrals. So I would like to say that I am never too busy for your referrals. It would be an honour
to serve a friend or family member of yours.