Richard Silver

Buying in Toronto Category

Toronto Real Estate Board: C.D. Howe Commentary

Here is a commentary from TREB  about a study by the C.D. Howe Institute . It points to the misconception that the Canadian Real Estate Market is doomed to follow the U.S. Real Estate market in the next few months. Here are their thoughts: (more...)Continue Reading...

Toronto Neighbourhoods: Parkdale.

Years ago, when I was starting my real estate career and you were not even born (yes, that long ago) the “up-and-coming” neighbourhood talked about as the next Cabbagetown  was Parkdale . I checked Parkdale out at the time, loved the great Victorian houses, liked the reasonable prices and saw great potential as a neighbourhood. I showed those houses, sold some of them, and have been waiting for years for the area to really soar. I’m still waiting. Entry to the Parkdale market...Continue Reading...

Toronto Area REALTORS® Report Monthly Resale Housing Figures

September 3, 2010 ‐ Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service ® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488. “The prospect of interest rate hikes and new mortgage lending rules prompted some households to purchase a home sooner than they otherwise would have this year. The result has been a larger than...Continue Reading...

Teranet-National Bank National Composite House Price Index™.

Teranet  and the National Bank of Canada   joined together about one year ago to produce this House Price Index  of major centres across Canada. Please remember that it only reflects the large centres and is comprehensive for those living in those centres but would not reflect a vision of Canada as a whole. I get these newsletters monthly and you can subscribe to them at www.housepriceindex.ca. Teranet's data is from Land Registry systems across Canada so also reflects all transactions, not just...Continue Reading...

Toronto Real Estate Board Condo Commentary Second Quarter 2010

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What is Really Up or Down in the Toronto Real Estate Market…

Recently I was interviewed on CBC  when the Toronto Real Estate Board  released its' figures for July and early August...As usually happens, the Media had decided the story that they wanted to tell and then they looked for me to back them up. There is no doubt that the market is slower in Summer, and there is also no doubt that this August is slower than last August. However, I have a tendency to look at the year as a whole,...Continue Reading...

Toronto Area REALTORS® Report Mid-Month Resale Housing Figures

TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009. “Throughout the better part of the last year, the number of monthly sales was well above the expected long-term trend....Continue Reading...

Toronto Realtors Housing Market Watch

Here is the most recent Toronto Real Estate Board's Housing Market Watch. Lots of information here depending on the area that you live in. If you have any questions let me know. Toronto Real Estate Market Watch July 2010View more documents from Richard Silver.Continue Reading...

Toronto Area REALTORS® Report Monthly Resale Housing Figures for July 2010

TORONTO, August 5, 2010 - Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002. “The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring,” said Toronto Real Estate Board (TREB) President Bill...Continue Reading...

Toronto Area REALTORS® Report Mid-Month Resale Housing Figures

TORONTO, JULY 19, 2010 ‐ Greater Toronto REALTORS® reported 2,790 sales through the Multiple Listing Service® (MLS®) during the first two weeks of July 2010. This represented a 37 per cent decrease compared to the 4,437 sales recorded during the same period in 2009. New listings decreased by eight per cent  annually to 5,184. “Last summer existing home sales spiked well above the expected long-term trend. Sales were also unseasonably high during the first four months of this year,” said Toronto...Continue Reading...