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MONTHLY REVIEW OF TORONTO’S REAL ESTATE MARKET
Bosley Infographic
MAP
TO
RON
E
COR
O
OF T
HOW DID APRIL 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
We all know that Toronto’s home market is hot, but in our mind the
condominium sector just might be hotter. Consider the following;
over the last six months or so, the number of condos selling at or
above the asking price has been slowly increasing. Earlier in April
we noticed that nearly one in three condos selling in the downtown
core had competing offers. Recently we saw a resale condo in a
converted loft building in Roncesvalles sell at $1000 per square
foot. Even with a 12% increase in units over the last month, the
average resale condo has hit an all time high of $482k.
SOLD STATISTICS**
What Sold In April 2015**
VS. MARCH 2015
15.5
1766
NUMBER OF SALES
(1401 IN MARCH)
3243
NEW LISTINGS
(2790 IN MARCH)
AVERAGE CONDO PRICE
$482.15k ($474.89K IN MARCH)
3520
ACTIVE LISTINGS
(3104 IN MARCH)
$1.406m AVERAGE DETACHED PRICE
AVERAGE SELLING
103.3% PRICE/ LIST
(102.2% IN MARCH)
DAYS ON MARKET
(19.7 IN MARCH)
DETACHED HOMES - 485
CONDO APARTMENT - 847
SEMI-DETACHED - 263
CONDO TOWNHOME - 95
ATTACHED/ ROWHOUSE - 64
C0-OP/ CO-OWNERSHIP
APARTMENT - 12
($1.338M IN MARCH)
10%
AVERAGE PRICE INCREASE
OVER LAST YEAR
(10% IN MARCH)
64
485
263
HOMES SOLD!***
12
SOLD FOR AT/OVER ASKING
72.10%
847
95
CONDOS & DEVELOPMENTS
NEW HOME MARKET ACTIVITY - APRIL 2015
25.87%
$450,133
$738,731
19517
5711
AVG PRICE - HIGHRISE
AVG PRICE - LOWRISE
REMAINING INVENTORY - HIGHRISE
REMAINING INVENTORY - LOWRISE
1719 MONTHLY NEW HOME SALES - HIGHRISE
1771
MONTHLY NEW HOME SALES - LOWRISE
SOURCE - REALNET CANADA
OVERHEARD BUZZ
There are a lot of factors which contributed to a slow start to 2015, including a delayed spring arrival and
near back to back long weekends and school holidays. Yet despite all that the Toronto real estate market
experienced unprecedented activity in April. Not only did we set a new record for sales in April, we pushed
the average price of a home up 10% to nearly $636k. New listings were up a more moderate 5%. which
contributed to more multiple offers. The high volume of sales is not limited to resale properties. Sale of new
Highrise condos increased by 29% and low rise condos and townhouses by 21%.
TOM BOSLEY’S CORNER
It’s safe to say that Toronto has joined the ranks of other premier cities of the world. While you may argue
that we aren’t in the same league as Paris, London or New York, the reality is that these cities, and a
few more, all survived the financial crisis of 2008 with flying colours. People want to live in Toronto
and that has put pressure on our real estate market. While demand for home ownership has never
been higher, the process has become more difficult and the need for a professional realtor is more
important than ever. We believe that a skilled and educated negotiator is your best asset. So if you
are thinking of buying or selling in the future I would encourage you to speak to one of our agents 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 April 15. *** Bosley RE Research