Richard Silver

Buying in Toronto Category

Canada Mortgage and Housing Corporation: Toronto Housing Outlook

Yearly the Canadian Mortgage and Housing Corporation releases a Greater Toronto Housing Outlook. It is a great resource as it mashes together information form different sources of data including sales data from The Toronto Real Estate Board. Canada Mortgage and Housing Corporation: Toronto Housing OutlookView more documents from Richard Silver.Check out their web site and sign up to receive these regularly.Continue Reading...

The Canadian Real Estate Association Revises Annual Resale Housing Forecast

OTTAWA – November 5, 2010 – The Canadian Real Estate Association  (CREA) has lowered its forecast for home sales activity via the Multiple Listing Service ® (MLS®)Systems of Canadian real estate Boards and Associations for 2010 and 2011. Sales activity in the third quarter of 2010 began on a weak footing, but gained traction as the quarter progressed. Improving momentum for home sales activity suggests the resale housing market is stabilizing, but weaker than expected third quarter activity has reduced CREA’s annual...Continue Reading...

Toronto Area REALTORS® Report October Resale Figures

Here is the latest market update from the Toronto Real Estate Board . Of note is the percentage of Condominiums in resale housing figures within the Toronto Area. TORONTO, November 3, 2010 -- Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®)  in October 2010. This represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to 75,582 – up one per cent compared...Continue Reading...

Ontario Real Estate Association and the HST…

Dorothy Mason, President of the Ontario Real Estate Association talks about the ongoing confusion surrounding the HST and homeownership in this video. Your thoughts??Continue Reading...

Harmonized Sales Tax: Did you know?

Here is some great information that was sent to me from Rachel at the Ministry of Revenue about the new HST. It gives you the HST and Real Estate in a nutshell: About 93 per cent of all homes sold in Ontario are not subject to an additional tax amount under the HST.  It’s important to note, the HST is not charged on resale homes.   (more...)Continue Reading...

Neighborhoods: Bloor West Village

Once considered staid and conservative, this thriving village now boasts a hot European-style shopping district. You can find anything and anyone walking the high street, enjoying the bakeries, restaurants, gyms, shops and community events.   Founded in the early 1900s, the housing stock is detached homes on larger lots with big gardens, similar to the Beach (and equidistant from Yonge St). Some multi-family homes exist as part of a European extended family tradition. You’d best be handy with a rake and...Continue Reading...

Toronto Area REALTORS® Report September Resale Housing Market Figures

Here is a very interesting report from the Toronto Real Estate Board . Interesting to note that although the market has slowed recently, we are still looking at a busy 2010 taking the whole year into account. Also Media reports of the high prices are not taking into account almost the lowest "affordability factor" that Toronto has ever seen... TORONTO, October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a...Continue Reading...

Toronto Area REALTORS® Clarify the Harmonized Sales Tax!

Here is a recent Press Release on the HST from the Toronto Real Estate Board...make sure you check out the video when you click on Toronto Real Estate Board! TORONTO, October 5, 2010 -- Concerned that homebuyers are uncertain about the Harmonized Sales Tax’s (HST) applicability on real estate purchases, Greater Toronto REALTORS® are reaching out to consumers to eliminate misconceptions. Using social media channels and an ongoing series of newspaper columns, the Toronto Real Estate Board (TREB)  is conveying to consumers...Continue Reading...

On the Canadian Real Estate Association Resolving the Competition Bureau…

Note: these are my personal thoughts and have absolutely no connection to any volunteer positions that I hold. At the end of the month the Canadian Real Estate Association will be voting to resolve a battle with the Competition Bureau. The big question that everyone wants to know is how this will change the landscape of Real Estate in Canada. The answer is not very much...there have always been options for sellers whether it has been to sell privately, or to list...Continue Reading...

Toronto Condominium Market: September 2010.

We had a great meeting this morning at the Toronto Condo Network by Jason Mercer, Senior Market Analyst with the Toronto Real Estate Board. He gave us some great statistics to look at of note, in Central Toronto, condominiums are 60% of the sales activity, but the suburbs are growing quickly. Please remember that back in the early 80's, the Condominium market would have been at about 5% of Sales.... Have a read through this presentation and feel free to ask...Continue Reading...