MARKET UPDATE FOR THE WEEK ENDING APRIL 21ST, 2017

The sky is not falling. The pigs are not yet flying. And we are pretty sure that the price of real estate in Toronto is going to keep climbing, though perhaps not as quickly as it was already this year.  But really, maybe it will.  After the announcement of the Government of Ontario’s ‘Fair Housing Plan’ our in-house experts pored over the information looking for whatever information might lead us to think the suggested changes would improve housing affordability in the GTA. We quickly dismissed point 15 thinking that while working elevators are fairly essential in a condo building, their lack of movement up or down was probably not having a huge effect on affordability in the market.

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MARKET UPDATE FOR THE WEEK ENDING APRIL 14Th, 2017

Last week the real estate industry took a slight pause while several major religions celebrated their holiest of days all in the same week.  In real estate the coming of spring normally heralds the beginning of the annual game of trying to show houses while the city, in an apparently random manner, shuts down streets and neighbourhoods for prolonged construction projects – BEEEEEEEEEEEEEEEEEEEEEP – We interrupt this regularly scheduled Bosley Insight for breaking news from the Provincial Government.

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MARKET UPDATE FOR THE WEEK ENDING MARCH 31ST, 2017

The old adage says that if March comes in like a lion it leaves like a lamb.  If we consider the real estate market in the same vein, since March started with a roar we should have had a nice quiet end to the month. Alas, the real estate market respects no old wives tales as it wends its way through the spring. The last week of March capped off a month that saw prices jump an average 33% over March 2016.

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MARKET UPDATE FOR THE WEEK ENDING MARCH 24TH, 2017

As the last of the children return to school from warm beaches and snowy hills we are reminded of our obligations as parents to teach our children to be kind to others. Under no circumstances do we permit bullying from our children to their peers. Of course, as adult Realtors we rarely take our own good advice and are constantly talking about Bully offers as the way to get a jump on hot listings before the set offer date.  Now don’t get me wrong, like all good adults when we are doing something so obviously wrong as being a Bully we take the mature step of re-naming the process to something much more socially acceptable, in this case the ‘Pre-emptive’ offer.

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MARKET UPDATE FOR THE WEEK ENDING MARCH 17TH, 2017

Excuse us if we seem a little distracted this month but we normally reserve our March Madness for that basketball tournament going on south of the border. Cinderella stories are all the rage when talking college basketball, but here in the Toronto market she can make it to the big event but never seems to catch the prince. Seeing your team get knocked out of the tournament can be maddening but at least you know that if they work hard and persevere they will be back next year. With competition in purchasing as strong as it has been all year, the real estatemarket is producing more losers than winners

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