Patrick Rocca Leaside Davisville East York Real Estate
103 Vanderhoof Ave M4G 2H5 Toronto, ON, Canada

Who's responsible for COVID-19 protocols in condo buildings?

AGM ON ZOOM TNT..

SOLD!! https://ppvt.ca/928millwood408

My new holiday billboard!

....rediculous predictions...

Sold this beauty house on a ravine lot exclusive, off market in #northleaside!!happy clients!#Leaside..SELLING???WE NEED TO TALK!!!

Collecting toys for the leaside community toy drive!!drop off inside valumart on bayview!!

the shitshow continues...

MARKET UPDATE FOR THE WEEK ENDING OCTOBER 9TH, 2020 Thanksgiving marks a special time of year in which we express gratitude and something to be thankful for. This year is going to be a little different. Gathering around a table with loved ones to enjoy a bountiful feast will have to wait. We have to plan to make sure this year's Thanksgiving holiday is safe during this pandemic, Canada’s top public health officer has urged, as case counts continue to soar in several parts o...f the country, especially Ontario and Quebec. A bowl of oranges on a table Description automatically generated Toronto’s housing market soared in September. Another month where sales and prices hit record highs, with historic low mortgage rates enticing buyers despite the worsening virus crisis. Last month, 11,083 homes sold in the Toronto region, a 42-per-cent increase over September of last year, according to the Toronto Regional Real Estate Board (TRREB), with the biggest gains in the 905 and regions surrounding the City of Toronto. That was the third straight month of record sales volumes. Competition for detached and semi-detached houses helped send the average selling price across all types of properties up 14 per cent to $960,772, compared with the previous year. For the City of Toronto, the average sale price is $1,022,051. Prices have been climbing month over month since May, after the slowdown in April. Despite the new listings, competition is fierce for low-rise properties, where there is more square footage and easier access to outdoor space. The regions surrounding the city of Toronto experienced the steepest price increases. Meanwhile, demand for condos in downtown Toronto has softened as the normal cohort of renters, including post-secondary students, shrinks because of the pandemic restrictions. One-bedroom rental rates have declined by at least 20 per cent since the start of the health crisis, according to local brokers. Having said that, the average price of a condo in the city of Toronto was $686,191, up 7 per cent from September of last year. The average detached home in Toronto saw a 9 per cent increase to $1,487,122 and semi-detached homes were up 7 per cent to $1,145, 559 Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Port Hope and Cambridge Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.

This article is not completely accurate...we are already seeing the demise of the condo market downtown and Y@E...

Latest TRREB Market Watch. Call or email me if you want to discuss how these numbers impact your plans for your property.

...1.8-2 mil tdy

What a fabulous evening...always happy to support or community..been doing this for over 25 years!!#leasiderotary #community

MARKET UPDATE FOR THE WEEK ENDING OCTOBER 2ND, 2020 Toronto is the only North American real estate market considered in bubble territory. Toronto home prices are overvalued, making it high risk of being in a bubble, according to a new report on global real estate conditions by UBS Bank. The bank ranked Toronto as No. 3 in its annual bubble index, following Munich and Frankfurt. Seven of the 25 global cities assessed were in the high-risk category. Hong Kong, Amsterdam and Par...is were below Toronto. The report defines a bubble as being a period of a substantial and sustained mispricing of homes. UBS real estate analyst, Jonathan Woloshin, said there is a greater chance of price stagnation or price decline in cities like Toronto. Does that mean it will happen? NO. But the risk is certainly greater, he said. The UBS report stressed that it was not predicting when a bubble would burst. Overvaluation and undervaluation can go on for quite a long period of time. Toronto’s home prices have increased, yet affordability is already stretched, the report said. The report looks at imbalances in real estate markets, including the relationship between home prices and household income. This is the fourth straight year that Toronto has been in the bank’s bubble zone, taking the top spot in 2017. Vancouver also made it to the No. 1 spot in 2016, but this year the UBS index did not classify the city as being in the highest risk zone. The freehold market still seems to be looking for stable footing. We are witnessing a bit of everything, with some listings reducing their prices after a couple of weeks and some cancelling their listing and coming out with a new increase in their price, when they don’t get a bidding war on offer night. After weeks of increased listings in the condo market, last week we saw a 12% dip in new listings. While sales tapered off 7% over the previous week, activity continues to be good with 34% of condos selling at or above the list price. Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Port Hope and Cambridge Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.