Welcome to my November email newsletter! The government recently introduced some major changes to how mortgage affordability will be calculated. To see how they can affect you, take a look at the piece from Global. In other news, someone has bought a house on Spruce Street and turned it into an Airbnb and the neighbours aren’t pleased. There's an article about that situation from the Star, below. As well, you’ll find the city’s best coffee.   If you haven’t seen the piece from Toronto Life on the teenagers from Syria who are settling in Toronto, it’s definitely worth a read and certainly makes one think about how lucky we are to be in Canada! 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. M4K 1N2  416-465-7527 E-Mail  Website

Here’s how much house you’ll be able to buy with the new mortgage stress test

Canada’s banking regulator introduced new rules on Tuesday that extend the requirement for a mortgage stress test to all homebuyers, including those with larger down payments. Currently, the stress test applies only to mortgages with lower down payments and those with a term of less than five years. Click here for the article

Toronto Christmas Market A Holiday Tradition November 16 - December 23

The Toronto Christmas Market takes over the Distillery Historic District for another year of holiday magic and romance. Now in its eighth year, the market has become one of the city’s favourite holiday traditions, ranked one of the world’s best Christmas markets by Fodor’s Travel, USA Today, Mashable and more. Click here  for information

City wrestles with Airbnb rules

Sometime in September, residents on leafy Spruce St. grew alarmed after noticing a parade of suitcase-toting Airbnb guests coming and going from a recently sold elegant three-storey Victorian-era home. Click here  for the article

The War Kids

The kids arrive on day one at LEAP, the TDSB’s Literacy Enrichment Academic Program, clutching pencils and notebooks, anxious and vulnerable, many of them still coping with the aftershocks of war. Their English is weak at best, which limits their ability to navigate the city, order a meal, find a summer job—obstacles that the program aims to remove. Click here for the full article

The Best Coffee in Toronto

The best coffee in Toronto uses high-quality roasted beans and an ideal water-to-grounds ratio to produce the perfect cup of joe. Usually more affordable than espresso-based beverages and arguably just as good, the best drip in town can be found at these discerning independent cafes. Click here for the locations

Here are some of the homes we’ve been honoured to represent and sell this year!

A big thank you to the sellers who trusted us to help them sell their homes this year! The homes above only reflect the sellers, but a big thank you also goes out to the buyers we've helped as well.

Market News

TORONTO, November 2, 2017 -- Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions. Click here  for the complete news

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