Welcome to my August email newsletter!
It's hard to believe that August is already half over, but the CNE opens this week and the Cabbagetown Festival is just three weeks away!
In case you missed the July news from the Toronto real estate market: 40% fewer homes were sold this July than in July 2016, but the average home price was up by 5% year-over-year.
One thing to consider is that there was a record number of sales last July, which can easily skew the perspective. Also, while prices are certainly down from a record high in April, the market is becoming more balanced. Homes are still selling for more than they would last year, but are no longer selling overnight. It's a good time to be a buyer because there is more on the market to choose from.
If you are considering making a move this year or have any questions about the market, please get in touch.
Michael
Michael O'Brien, Sales Representative
Bosley Real Estate Ltd. Independently
Owned & Operated
169 Danforth Av., Toronto, On.
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What it looks like inside the Clock tower at Old City Hall
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The clock tower at Old City Hall is surely one of the most recognizable landmarks in Toronto, but for all its familiarity there's another side to this historic monument that few of us ever get a glimpse of.
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Cabbagetown Festival 2017: September 9 and 10
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The Cabbagetown Festival will kick off with an exhilarating opening ceremonies, have loads of things for the kids to do, entertain all ages with music and more and end with a closing surprise you will be itching to take part in. More info below. Bring your family and friends and do not forget to share your experience on social media tagging @Cabbagetown_BIA and using #CabbagetownFestival.
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The top 15 wineries in Ontario
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The top wineries in Ontario tend to be concentrated in the Niagara and Prince Edward County regions, where high quality Riesling, Pinot Noir, Chardonnay, Gamay, and Cabernet Franc is produced (to name only our most popular grapes). While there are a few exceptions (mostly based on size), these producers offer excellent on-site tasting experiences.
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Don't expect policy reversal as Toronto home prices near bear market, experts say
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The existing homes market in Canada’s largest city continues to see prices dip and sales drop dramatically, but for now there doesn’t appear to be much chance government will ease up on measures meant to induce cooling in the Greater Toronto Area.
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SOLD: Exceptional Victorian
Carlton Street
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Stunning elaborate plaster-work; trims; mouldings and millwork. Gorgeous, coveted location – directly across from Riverdale Farm, on a rare cobble-stone street. Listen to the roosters crow and the cattle low!
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SOLD: Victorian Legal Duplex
Earl Street
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Extremely Handsome Victorian with Captivating Street Presence. Beautifully Renovated; Carefully Maintained; Mechanically Outstanding. 2 Spacious 2 – Storey Apartments. Each has 2 Fireplaces. Lower has Huge Garden; Upper Has Large Private Deck. Massive Basement with Huge Potential.
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TORONTO, August 3, 2017 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over-year basis, led by the detached market segment – both in the City of Toronto and surrounding regions.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.
As provided for under the Privacy Act, if you wish to have your name removed from this database, please click on the 'safeunsubscribe' link below.
All Buyers/Sellers should satisfy themselves as to the accuracy of any information provided herein - in particular with regard to measurements, taxes and other data provided in any MLS listings provided by this sales representative.
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