MONTHLY REVIEW OF TORONTO’S REAL ESTATE MARKET
Bosley Infographic
MAP
TO
RON
E
COR
O
OF T
HOW DID MAY 2015 PERFORM?
Hot Off The Press .. The Media’s Take*
OPEN HOUSE TRAFFIC***
EVERY MONTH WE SCIENTIFICALLY MONITOR STORIES IN THE MEDIA ON BOTH FREEHOLD AND CONDO
MARKETS IN TORONTO. THEN THROUGH A PATENT PENDING PROCESS WE ARE ABLE TO CREATE A
VISUAL REPRESENTATION OF WHAT THE MEDIA THINKS THE MARKET IS DOING. IS IT FACING A SLOW
DEATH OR IS IT PARTY TIME?
EACH MONTH OUR AGENTS REPORT
ON THE NUMBER OF PEOPLE WHO
VISIT OUR OPEN HOUSES. THIS HELPS
US GAUGE CONSUMER CONFIDENCE.
Freehold
Condominiums
Hot Topic
This week the Toronto Real Estate Board reported that the average price
of a detached home in the 416 has reached $1.15M. When you dive into
the downtown market statistics more specifically that number is actually
closer to $1.5M, up by over $100K in the last month. Also worth noting is the
tremendous price appreciation in the condominium market where average
prices climbed by nearly $40K or almost 8% in the last month to $520K. By
comparison, the average price of a condo in Toronto was $457K just one
year ago. Demand for new, preconstruction highrise condos backed off
slightly this month but the real story in this segment of the market has to be
the performance of new lowrise units that have hit a new record average
price of $775K which is up almost 5% from a month earlier.
SOLD STATISTICS**
What Sold In May 2015**
VS. APRIL 2015
16.6
1838
NUMBER OF SALES
(1766 IN APRIL)
3285
NEW LISTINGS
(3243 IN APRIL)
AVERAGE CONDO PRICE
$520.75k ($482.15K IN APRIL)
3789
ACTIVE LISTINGS
(3520 IN APRIL)
$1.541m AVERAGE DETACHED PRICE
AVERAGE SELLING
102.93% PRICE/ LIST
(103.3% IN APRIL)
DAYS ON MARKET
(15.5 IN APRIL)
DETACHED HOMES - 484
CONDO APARTMENT - 865
SEMI-DETACHED -313
CONDO TOWNHOME - 101
ATTACHED/ ROWHOUSE - 68
C0-OP/ CO-OWNERSHIP
APARTMENT - 7
($1.406M IN APRIL)
11.1%
AVERAGE PRICE INCREASE
OVER LAST YEAR
(10% IN APRIL)
68
484
313
HOMES SOLD!***
7
SOLD FOR AT/OVER ASKING
66.15%
865
101
CONDOS & DEVELOPMENTS
NEW HOME MARKET ACTIVITY - MAY 2015
27.78%
$448,760
$775,419
19,580
5171
AVG PRICE - HIGHRISE
AVG PRICE - LOWRISE
REMAINING INVENTORY - HIGHRISE
REMAINING INVENTORY - LOWRISE
1482 MONTHLY NEW HOME SALES - HIGHRISE
2612 MONTHLY NEW HOME SALES - LOWRISE
SOURCE - REALNET CANADA
OVERHEARD BUZZ
Pre-emptive offers, commonly known as “bully offers” are rampant in Toronto’s bustling real estate
market. For the forseeable future we don’t expect this trend to decline. All the more reason to know how
and when to deploy this buying tactic because it is not for the faint of heart. The truth is that we are hearing
more about bully offers for one main reason...demand continues to grow while supply seems to be slipping.
Overall, we feel that tight market conditions for all home types will continue throughout the year.
TOM BOSLEY’S CORNER
With the Pan Am Games just around the corner, all eyes will be on Toronto. This is our opportunity to prove
that we are a world class city. I have little doubt that the games will create unimaginable opportunities for
us. It is my belief that through good times and bad, people will seek out the stability of global cities such as
ours. At the core, our city’s success is based on a number of fundamentals but having a healthy real estate
market has to be at the top of the list. All the more reason to trust a firm that has been a part of the city’s
success since 1928. I believe that a professional and informed Realtor is your best asset, so if selling or
buying a home is in your future I encourage you to talk to one of our skilled representatives first.
BOSLEY REAL ESTATE LTD. BROKERAGE | YOUR NEIGHBOURHOOD NAVIGATORS
EAST
CENTRAL
WEST
NIAGARA
169 DANFORTH AVE.
TORONTO,ON
M4K 1N2
276 MERTON ST.
TORONTO,ON
M4S 1A9
290 MERTON ST.
TORONTO,ON
M4S 1A9
1108 QUEEN ST. W.
TORONTO,ON
M6J 1H9
233 KING ST.
NIAGARA ON THE LAKE,ON
L0S 1J0
(416) 465-7527
(416) 481-6137
(416) 322-8000
(416) 530-1100
(905) 468-8600
The Bosley Real Estate Infographic is intended to depict the real estate activity of the Central, East and West core of the city.
Our data is collected from the C01,C02,C03,C04,C08,C09,C10,C11,C12 E01,E02,E03,W01,W02,W03 districts only.
* This chart is neither scientific nor patent pending. We just have a lot of fun figuring it out. ** Source is TREB Market Watch May 15. *** Bosley RE Research