Market insight



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.




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, 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”



"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. "


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.



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.


I have sold a property at 708 1455 Lawrence AVE W in Toronto

I have sold a property at 708 1455 Lawrence AVE W in Toronto. See details here

Best Value For A 3 Bedroom , Family Sized Condo. Extra Large Principal Rms, Spacious Br W/Lots Of Closet & Storage. Reno'd Maplewood Kit W/Custom Cabinets, High-End S/S Appl, Granite Counter & Tile Floors/Backsplash. Beautiful City/Cn Tower Views,O/L Amesbury Park. Fresh Paint & Resanded Finished Wood Flrs Thru/Out. Quiet Building Excellent Location. Steps To Transit, Shopping & Schools. Outdoor Tennis/Pool + Playground. Unobstructed Views


How does cycling and selling Real Estate Align

I went out into the Caledon area with the Brampton cycling club.  It was my very first ride.  I had a wrist fusion surgery in February of this year and was given the all clear to ride.  Easy to start, but I could ride, wrist brace and all.

As with any groups who share a common interest, I found the group I was with to be friendly, helpful and nice.  Some riders struggled with the dynamics of group riding, some were quick, some were well paced.

But we were all on the route together.  Somehow I connected it to my business.  On, how I am tasked to help my clients find or sell places to live.  Just days prior to the ride I had been working with clients to find a condo for them to purchase.  Without getting into great detail, they had to leave the Estate I sold on behalf of their family.  The market was new to them, the prices were new to them, the process was all too overwhelming as they had been out of the market for about 13 years.   They has a hard budget and I would show them places within Toronto, Etobicoke and into Mississauga.  As time went on, I could see that they could not make a decision, so I proposed thast they rent for a year. I explained that the money they collected from their share of the Estate proceeds would earn them more than enough in interest to cover  a good  portion of the rental income by factoring income taxes earned on such interest.  They liked that idea so much that we leased a place for 14 months a week later.  

How does this connect with riding?  It does to me because when a rider get a flat, or has bike issues or just plain old lack of confidence to tackle a hill or the long ride, they are other riders in their corner cheering them along. Helping. Encouraging.   My role as a Realtor is to that that for my clients.  I do not make it about me, its about them.  Doing a lease for a client does not make me the money I would typically earn for a sale.  But, it is not about that, as I said its about the client. the lasting relationship I am gaining, and the trust.  Finding a solution that suits best for the client is what makes me feel proud to do what I do.  Just as much as it is for me to tackle the hill and beat the guys as I roll past or encourage the novice rider.


I have sold a property at 3015 19 Grand Trunk CRES in Toronto

I have sold a property at 3015 19 Grand Trunk CRES in Toronto. See details here

Outstanding, Unobstructed S/W Views Of Lake Ontario, Cn Tower & Steam Whistle Round House. Infinity 3 - 741 Sf Of Excellent Proper Space! Parking & Locker Included. Well Established & Well Run Elegant Condo With Terrific Rec Facilities - Steps To Union Station, Rogers Center, Cn Tower, Scotiabank Arena. Watch The Lake & Planes While Sitting On A Spacious Balcony With Your Favourite Things. Shows Extremely Well. Stadium Unit. See Plans Attached .No Airbnb Rentals Allowed