BOSLEY REAL ESTATE LTD., BROKERAGE • 290 MERTON STREET, TORONTO M4S 1A9 BUS: 416-519-4040 • FAX: 416-322-8800 email: [email protected] • www.ryanroberts.ca twitter.com/TOrealestate • blog.mydreamtorontohome.com Printed on 100% post-consumer recycled paper Broker RyanRoberts ca Working By Referral 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. e 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 shiﬅ 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 e 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. e 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.

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

email: [email protected] • 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

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.

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

email: [email protected] • 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

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:

• Chooselocalandorganicfoodsthatareinseason,andsupportlocalfoodproducers• Eatlessmeat(thetotalfootprintismassive)

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.