Richard Silver

Archive for October, 2011

First-Time Buyers Have Lots Of Options

October 28, 2011 -- If you are considering the purchase of your first home you’re probably aware that like many of life’s milestones, there are many things you must consider. Understanding conditions in the real estate market is a good first step.  Current conditions in the Greater Toronto Area resale market remain quite favourable for people looking to take the first step onto the property ladder. The housing market in the GTA continues to be supported by improving economic conditions which have...Continue Reading...

Toronto Real Estate: Q-3 2011 Resale Condominium Statistics

Here is the most recent Q-3 statistics on the Greater Toronto Resale Condominium Market. Greater Toronto Resale Condominium Report View more presentations from Richard Silver Continue Reading...

REALTORS® Remind City Council that Land Transfer Tax is Unpredictable Revenue Stream

 TORONTO, October 14, 2011 -- In a letter to Mayor Ford and City Councillors, the Toronto Real Estate Board is reminding City Council that the Toronto Land Transfer Tax is an unpredictable revenue stream, and that the only fair solution to the City's financial challenges is a combination of responsible fiscal management and fair revenues, like property taxes and user fees. REALTORS® comments were in response to a recent City Finance staff report indicating that the Toronto Land Transfer Tax is...Continue Reading...

The Toronto Real Estate Board Produces Housing Market Charts for September 2011

Every month the Toronto Real Estate Board produces Housing Market Charts and it relates what is happening this year to what has happened in the past 3 years. Rather than a month-to-month view it gives you a really good idea  of longer term trends and I think it is a better indicator as a lot of the trends that we see are seasonal. Toronto Real Estate Housing Charts for September 2011 View more presentations from Richard Silver. Continue Reading...

GTA REALTORS® REPORT MONTHLY RESALE MARKET FIGURES

Toronto, October 5, 2011 – Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. "We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010. However, while sales have been strong, we have continued to...Continue Reading...

Realtors Care Foundation supports shelter-based organizations

October 4, 2011 -- As the nights get cooler, we all have a number of autumn traditions to look forward to like Thanksgiving, Halloween and fall fairs. One tradition that has been part of the real estate community since 1986 is the Toronto Real Estate Board’s 25 & 50 Year Member Dinner. It celebrates Members’ many years of service to Greater Toronto Area (GTA) homebuyers and sellers. This year’s event, held at the Allstream Centre September 22nd welcomed 701 REALTORS® who...Continue Reading...

Toronto Real Estate: Renovation Rebate Would Benefit Homeowners

October 7, 2011 -- When home buyers are shopping for a home, they often consider its future potential in addition to its current condition. So, the need for renovations and upgrades, either out of necessity or desire, are often factored into their buying decisions. Frankly, this is a good thing because home renovations help to create jobs and generate tax revenue for the government, worthy goals that REALTORS® are calling on provincial politicians to support and encourage with a rebate...Continue Reading...