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I have sold a property at 29 Athletic AVE in Toronto

I have sold a property at 29 Athletic AVE in Toronto. See details here

Flex Your Buying Muscles On Athletic Ave! Fantastic Quiet Dead End Street. Charming Semi With Loads Of Potential and move-in ready. Freshly Painted, Great Space, Functional Layout & Feel. Excellent First Time Buyer Home! Fabulous Fenced Yard, Deck And Quiet. South Facing Space. Basement Waterproofed On 3 Sides. Seller Will Provide Certificate.

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New property listed in Mississauga Valleys, Mississauga

I have listed a new property at 815 1320 Mississauga Valley BLVD in Mississauga. See details here

Outstanding Move-In Ready, Family Sized Condo. Elegant & Renovated, Features Wood Flooring Thru/Out & Gourmet Kitchen With High End Appliances. Clever Laundry Area With Oversized Washer & Dryer. 2 full Baths, Loads of Space + Storage. Massive Terrace/Balcony With Unobstructed Views. Brilliant & Perfect For First Time Buyers, Young Families or Empty Nesters. Condo Fees Inc. All Utilities & Cable TV. Taxes Are Low & Building Is Very Well Run By Super Friendly On-Site Management. Shows Very Well With A Total Area Of 1238 SF And A Whopping 347 SF Of Outdoor Space, with clear unobstructed views!

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Open House. Open House on Sunday, August 13, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 29 Athletic AVE in Toronto. See details here

Open House on Sunday, August 13, 2023 2:00 PM - 4:00 PM

Flex Your Buying Muscles On Athletic Ave! Fantastic Quiet Dead End Street. Charming Semi With Loads Of Potential and move-in ready. Freshly Painted, Great Space, Functional Layout & Feel. Excellent First Time Buyer Home! Fabulous Fenced Yard, Deck And Quiet. South Facing Space. Basement Waterproofed On 3 Sides. Seller Will Provide Certificate.

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Open House. Open House on Saturday, August 12, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 29 Athletic AVE in Toronto. See details here

Open House on Saturday, August 12, 2023 2:00 PM - 4:00 PM

Flex Your Buying Muscles On Athletic Ave! Fantastic Quiet Dead End Street. Charming Semi With Loads Of Potential and move-in ready. Freshly Painted, Great Space, Functional Layout & Feel. Excellent First Time Buyer Home! Fabulous Fenced Yard, Deck And Quiet. South Facing Space. Basement Waterproofed On 3 Sides. Seller Will Provide Certificate.

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New property listed in Greenwood-Coxwell, Toronto E01

I have listed a new property at 29 Athletic AVE in Toronto. See details here

Flex Your Buying Muscles On Athletic Ave! Fantastic Quiet Dead End Street. Charming Semi With Loads Of Potential and move-in ready. Freshly Painted, Great Space, Functional Layout & Feel. Excellent First Time Buyer Home! Fabulous Fenced Yard, Deck And Quiet. South Facing Space. Basement Waterproofed On 3 Sides. Seller Will Provide Certificate.

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I have sold a property at 148 Alton AVE in Toronto

I have sold a property at 148 Alton AVE in Toronto. See details here

End Of Row - Larger Than It Seems. Fantastic, Renovated, Large Bright Starter. Gorgeous Open Concept Main Floor, Skylight Lit Entry, Acaccia Wood Floors & Stone Fireplace. Gorgeous Renovated Kitchen (2023) With Heated Floors, New Appliances & W/O To Fabulous Terraced Garden. Lowered Bsmt With 7'8" Height. 2 Full Baths. Shows Very Well. Shared Drive With Parking Potential if Needed. Steps to Queen E, Right Across From Greenwood Park + Leslieville Farmer's Market. Ball Field, Greenery, Steps To Leslieville + All Things Hip. Don't Delay - Book A Look!

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Open House. Open House on Saturday, July 29, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 148 Alton AVE in Toronto. See details here

Open House on Saturday, July 29, 2023 2:00 PM - 4:00 PM

End Of Row - Larger Than It Seems. Fantastic, Renovated, Large Bright Starter. Gorgeous Open Concept Main Floor, Skylight Lit Entry, Acaccia Wood Floors & Stone Fireplace. Gorgeous Renovated Kitchen (2023) With Heated Floors, New Appliances & W/O To Fabulous Terraced Garden. Lowered Bsmt With 7'8" Height. 2 Full Baths. Shows Very Well. Shared Drive With Parking Potential if Needed. Steps to Queen E, Right Across From Greenwood Park + Leslieville Farmer's Market. Ball Field, Greenery, Steps To Leslieville + All Things Hip. Don't Delay - Book A Look!

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Open House. Open House on Sunday, July 30, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 148 Alton AVE in Toronto. See details here

Open House on Sunday, July 30, 2023 2:00 PM - 4:00 PM

End Of Row - Larger Than It Seems. Fantastic, Renovated, Large Bright Starter. Gorgeous Open Concept Main Floor, Skylight Lit Entry, Acaccia Wood Floors & Stone Fireplace. Gorgeous Renovated Kitchen (2023) With Heated Floors, New Appliances & W/O To Fabulous Terraced Garden. Lowered Bsmt With 7'8" Height. 2 Full Baths. Shows Very Well. Shared Drive With Parking Potential if Needed. Steps to Queen E, Right Across From Greenwood Park + Leslieville Farmer's Market. Ball Field, Greenery, Steps To Leslieville + All Things Hip. Don't Delay - Book A Look!

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New property listed in South Riverdale, Toronto E01

I have listed a new property at 148 Alton AVE in Toronto. See details here

End Of Row - Larger Than It Seems. Fantastic, Renovated, Large Bright Starter. Gorgeous Open Concept Main Floor, Skylight Lit Entry, Acaccia Wood Floors & Stone Fireplace. Gorgeous Renovated Kitchen (2023) With Heated Floors, New Appliances & W/O To Fabulous Terraced Garden. Lowered Bsmt With 7'8" Height. 2 Full Baths. Shows Very Well. Shared Drive With Parking Potential if Needed. Steps to Queen E, Right Across From Greenwood Park + Leslieville Farmer's Market. Ball Field, Greenery, Steps To Leslieville + All Things Hip. Don't Delay - Book A Look!

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New property listed in North Riverdale, Toronto E01

I have listed a new property at Lower 46 Wolfrey AVE in Toronto. See details here

Be The First To Live In This Newly Constructed Legal Lower Level Suite! Kitchen Complete With Plenty Of Soft Close Cabinetry And Full Sized Appliances. Plenty Of Natural Light From The South Through The Front Door. Solid Wood Doors Throughout Repurposed Locally From An 1850's Character Home. Attention Paid To Every Detail, Including Extra Sound Proofing Insulation - Even Under The Concrete Floor To Keep Your Toes Warm In The Cold Winter Months! A Light Greets You At Your Private Entrance. Bonus, Ensuite Laundry!! Steps To Both The Streetcar And Broadview Station, Loblaws Conveniently Located Just Around The Corner.

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Market insight
 

 

 MARKET INSIGHT FOR THE WEEK ENDING May 26th, 2023


A buying frenzy is re-emerging in Canada after one of the steepest housing price declines in the nation’s history. In Toronto, properties are selling the day they hit the market. In Vancouver, lines for open houses are stretching down the block. Homes are now once again selling for hundreds of thousands of dollars over asking. The mystery is where the money is coming from. 


The bank of mom and dad is a factor in the majority of transactions. We’re in the midst of an unprecedented transfer of wealth.


Roughly two-thirds of Canadians own homes, and after a 553 per cent rise in home prices over 25 years, many have built up substantial equity. Combined with the extra savings many households amassed during the pandemic, it’s created a large pool of capital waiting to be passed down to the next generation.


Though there is no current data on the extent of financial help homebuyers are receiving, research from Canadian Imperial Bank of Commerce in late 2021 showed 30 per cent of first-time buyers were being gifted with the average gift of $82,000. 


Gifts are likely playing an even larger role in the market today to help bridge the affordability gap opened by higher interest rates, said Benjamin Tal, the economist who authored the report. “I would be very surprised if we’re not seeing a significant amount of gifting,” he said, adding that the approximately $300 billion in extra savings Canadians built up through the pandemic are likely swelling both the size and prevalence of gifted down payments. 


By 2019, the baby boomer generation already had an average net worth of $1.2 million, according to Statistics Canada data. And that would have swelled thanks to the pandemic surge in home values, which last year’s decline has not entirely erased. Meanwhile, their buying power has been insulated from the near doubling of interest rates over the last year because many have already paid off their mortgages.


For instance, a baby boomer downsizing from a four-bedroom home to a condo could pay for their purchase in cash, and then help their adult child get something bigger themselves — all without ever having to call a bank. The CIBC report from 2021 showed 9 per cent of move-up buyers — those purchasing a bigger house rather than their first — received family help too. 


With prices on the rise again — the benchmark price of a home in Canada rose 1.6 per cent in April — the question is what happens to the people whose families don’t have home equity to tap into? Canadian banks generally won’t lend more than five times a borrowers’ income, but home prices in the country are about seven times the average, according to a January report from the Bank of Nova Scotia. 


That gap could consign many people to renting for much longer — or even permanently. That would exclude them from one of the traditional routes to middle class security in Canada and make their access to housing more precarious.


In 2021, over a fifth of Canadians exceeded the threshold the government uses to determine whether they can afford the housing they need, the same Bank of Nova Scotia report found. But among renters, who have no hope of reducing their monthly shelter costs by gradually paying down their mortgages, that rate rose to a third. 


As baby boomers continue to age, the intergenerational capital flow could only be getting started — spurring values higher still, and property further out of reach for strained renters.


 HERE ARE THE TOP FIVE TRENDING STORIES OF THE WEEK:

 

 


Canada’s record population growth poses challenges for housing market

 

“Immigration push: tight supply and overwhelming demand fuel rising home prices in Canada’s most in-demand cities. According to a recent report from Statistics Canada, Canada’s population grew by a record one million people in 2022, with almost all of the growth attributed to international migration. ” 


  


 



Double or Nothing? Most of Canada’s Real Estate Investors Are Boomers: Stat Can


"Canada’s Boomers went all in on real estate investment, looking to double down on their windfall. That was the takeaway from a new Canadian Housing Statistics Program (CSHP) study looking at investor demographics in 2020. ”                       




  


“Realtors in some regions are raising concerns about the implementation of the Openn Offers system across Realtor.ca, which is aimed at increasing transparency in the negotiation process. Operated by the Australian property technology firm Openn Negotiation, Openn Offers has been dubbed by the Canadian Real Estate Association as a digital version of the current negotiation process that will provide realtors, buyers and sellers with near real-time tracking of offers on Realtor.ca.”


  



  


"Canadian inflation might be cooling, but the costs of building a home is surging higher. Statistics Canada (Stat Can) data shows home building costs jumped higher in Q1 2023. Rather than slowing down, growth is accelerating—running over 5x the inflation target. It’s even worse in Toronto, where the high rise crane capital of North America has seen building costs rise nearly 9x target inflation. "


 

Empty office buildings could become your new apartment in Toronto 


"It’s a long shot now, but if the Toronto Maple Leafs miraculously stage a playoff comeback and win the Stanley Cup, a team of realtors in Ontario’s Kitchener-Waterloo region says they’ll work for free. "






ABOUT BOSLEY REAL ESTATE LTD., BROKERAGE

Bosley Real Estate Ltd. is a full-service, 4th generation brokerage operating since 1928 with offices serving Toronto, Niagara, Waterloo Region, Southern Georgian Bay and Port Hope. With over 250 agents in residential and commercial real estate, the firm has built a reputation on trust, respect, and integrity selling and leasing property throughout Ontario. Bosley Real Estate is also recognized internationally through an exclusive affiliation with Leading Real Estate Companies of the World®. This prestigious partnership connects the brokerage to a global network of 130,000 real estate professionals in 70 countries. Headquartered in Midtown Toronto, President, and Broker of Record, Christan Bosley continues to innovate and maintains the high standard of excellence forged over a century.


Bosley Real Estate Ltd., Brokerage 
Toronto Real Estate firm independently owned & operated.

 








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I have sold a property at 302 935 Royal York RD in Toronto

I have sold a property at 302 935 Royal York RD in Toronto. See details here

Small Boutique Building. Units Rarely Come Up! Perfectly Located In Prime Kingsway. Low Floor, Well Laid Out 2Bed, 2Bath Suite, Eat-In Kitchen, W/O To Balcony. Parking & Locker Inc. Steps To Subway, Shops, Dining + Excellent Schools. Perfect For Empty Nesters Or First Time Buyers Looking To Buy In A Prime Location. Carefully Maintained & Shows Well.

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