BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800

email: ryan@ryanroberts.ca • www.ryanroberts.catwitter.com/TOrealestate • blog.mydreamtorontohome.com

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Well, what can I say, not much a change here...we are still rolling along with an increase in values. Buyers still face the 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 was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-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 this market segment increased. With this in mind, it was no surprise that the strongest annual price increase was also experienced 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. While price growth was strongest for single-detached homes, the better-supplied condominium apartment segment experienced 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 rates are generally expected to increase over the next two years, the extent and timing of rate hikes has been thrown into question by slower than expected economic growth in the first quarter of this year. On net, borrowing costs are expected to remain a positive factor influencing home sales through 2012,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.  

Average City of Toronto home value, year-to-date: $532,871

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W o r k i n g B y R e f e r r a l

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Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

Source: Toronto Real Estate Board

TorontoMLS Average Resale Home PriceMonthly with Three Previous Years for Comparison

2009 2010 2011 2012

The real estate business is a relationship business that is built over time. I believe the greatest and most ful-filling 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. -Ryan

May Market Update

BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9BUS: 416-519-4040 • FAX: 416-322-8800

email: ryan@ryanroberts.ca • www.ryanroberts.catwitter.com/TOrealestate • blog.mydreamtorontohome.com

Printed on 100% post-consumer recycled paper

B r o k e rRyanRoberts ca

W o r k i n g B y R e f e r r a l

Music:• The Avett Brothers - The Danforth Music Hall - May 16, 2012• Dave Matthews Band - Molson Canadian Amphitheatre - June 2, 2012

Art:• Picasso - 147 Pieces From His Private Collection - The AGO

Restaurant: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 they haven’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 by bringing together people from diverse backgrounds. On the second Friday of every month, come to the Toronto Reference 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

Happening This Month In Toronto

Listing of the Month33 University Avenue, Unit 909

Offered for Sale at: $1,200,000

Top 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