Richard Silver

Archive for August, 2011

Why the Toronto Real Estate Bubble Has Not Burst!

Strong economy sees numbers boosted August 26, 2011 -- As one of the world’s most diverse cities, Toronto welcomes nearly 100,000 newcomers to Canada each year. These people have chosen Toronto to begin building a better life. A report released recently by CIBC World Markets confirmed that the reasons for embracing Toronto are well founded. The report assessed the performance of Canada’s largest cities in the first quarter of this year, and while Toronto didn’t come out on top in any individual...Continue Reading...

Toronto Real Estate: What’s Happening in New Home Sales

Thought that you might enjoy seeing this graphic from our friends at BuzzBuzzhomes.com. The new housing market includes both Condominium and Low Rise homes but does not include the Resale homes that would be featured on MLS usually. Great work Mr. BUZZ!! Continue Reading...

Your Finances: A New Approach to Home Ownership & Finances

President's Resale Homes & Condos Column TREB President's Column as it appears in the Resale Homes & Condos August 6, 2011 -- As I begin my term as president of the Toronto Real Estate Board, I am excited to use this column to arm homebuyers and sellers with information that will help consumers make informed decisions when it comes to real estate. For most people, buying a home represents an opportunity for a fresh start and ours is definitely a city that embraces...Continue Reading...

Greater Toronto REALTORS® Release Mid-Month Resale Market Figures

Toronto, August 16, 2011 –There were 3,214 sales through the TorontoMLS® system during the first 14 days of August, representing more than a 22.5 per cent increase compared to the same period in August 2010. Year-to-date sales through the 14th of August were all but caught up to last year’s total –down by half a per cent compared to 2010. “The unsettled situation in financial markets over the past few weeks did not appear to sap the confidence of GTA home...Continue Reading...

Toronto Real Estate: Learning to Keep Termites at Bay

-August 15, 2011--If you're considering the purchase of your next home, you already know that a number of considerations are involved in the decision making process like schools, transportation and local amenities. Often though, the factors that you can't see are the ones that require the most attention. For nearly a century, our city’s inhabitants have shared this land with eastern subterranean termites. It is believed that they arrived in Toronto in 1938, offloaded from American cargo ships docked near Cherry...Continue Reading...

Toronto Real Estate Board Launches New Market Watch Format

Here is the new format for Market Watch for the Central Region. Toronto Central Market Watch View more presentations from Richard Silver (more...)Continue Reading...

Toronto Real Estate: Taking the sting out of unfair taxes

When it comes to government policy, business people and the general public don’t always see eye-to-eye; but when they do, there is even more reason for politicians to take notice.  That is why GTA municipal representatives would be well advised to pay close attention to the results of a recent public opinion poll, conducted for the Toronto Real Estate Board, on municipal finance issues.  The poll, conducted by Ipsos Public Affairs, found broad public support for numerous issues that have long been...Continue Reading...

Toronto Real Estate Board: Condominium Commentary Q2, 2011

Resale Condo Market Tightened in Q2, but More Supply Coming The resale condominium apartment market tightened in the Greater Toronto Area since the Fall of 2010. This tightening was in line with a broader trend in the existing home market, where listings through the end of the second quarter were in short supply compared to a year ago. Condo sales, at 6,721, were up by almost 0.5 per cent in the second quarter, while active listings were down by 13 per...Continue Reading...

Toronto Real Estate Board Posts July 2011 Housing Market Charts

Here are the Toronto Real Estate Board's Housing Market Charts for July 2011. Because they show a 3 year trend, I have always found these more desireable in trying to understand the Toronto Real Estate Market. Take a look and let me know what you think! TREB Housing Market Charts for July 2011View more presentations from Richard Silver. Continue Reading...

The Toronto Real Estate Board moves to “Neighborhood Searches”.

Over the past three years the Toronto Real Estate Board has been involved in a major rewite of our database to provide for Neighborhoods instead of alpha numeric designations. This was launched on July 5th. Here is an article by CAROLYN IRELAND of the Globe and Mail. Please note: there is a mistake in her report. Cabbagetown does exist as one of the neighborhoods. Toronto— From Friday's Globe and Mail Published Thursday, Jul. 28, 2011 11:27AM EDT TREB move to neighbourhood names draws flak Toronto...Continue Reading...