Richard Silver

Downtown Toronto Category

Toronto Real Estate: Bringing Clarity to the Marketplace

Buyers today are getting a lot of mixed messages. The statistics from the Toronto Real Estate Board have been strong but a lot of the price increases have been driven by a shortage of listings meaning a lack of options for buyers. It is a tight market for Today's Buyer at a time when mortgage rates are at their lowest in history, making it the best time to get a mortgage. There are also a lot of confusing statements coming...Continue Reading...

Toronto Area Housing Market Watch December 2011

Here is the Toronto Area Housing Market Watch for December 2011. There is a lot of detail here and it covers the whole City but for those of you who like to drill down...all of the MLS Sales are here. Always remember that these figures are ones that happen when members place listings on the Multiple Listing System and do not account for any other transactions. Toronto Market Watch for December 2011 View more presentations from Richard Silver...Continue Reading...

Toronto Real Estate: Expect demand to be strong in 2012

January 13, 2012 -- Each January many of us set goals for the year ahead, taking into account household finances and broader economic circumstances. One key yardstick of our nation’s economy is the real estate market, which in Toronto came to a strong finish in 2011, making it the second best year on record with 89,347 transactions, up four per cent in comparison to 2010’s 86,170 sales. Last month alone, a total of 4,718 homes changed hands, representing a seven per...Continue Reading...

Public Support for Toronto Land Transfer Tax Repeal is Resilient, According to Poll

Toronto, December 6, 2011 –REALTORS® will be making a presentation on Wednesday December 7 to the City of Toronto’s Budget Committee, and will be providing City Council with results of a recent poll showing that, even after recent difficult debates on the future of City services, Torontonians continue to want fiscal reform at City Hall, including the repeal of the Toronto Land Transfer Tax and concessions from the City’s unions. The poll was conducted by Ipsos Reid for the Toronto Real...Continue Reading...

Toronto: World AIDS Day Concert: Voices of Hope December 1, 2011

Launched collaboratively by  La Maison du Parc (Montréal), Casey House (Toronto) and Dr. Peter AIDS Foundation (Vancouver), “Voices of Hope / Voix D’Espoir” is Canada's national annual event marking World AIDS Day and raising awareness of the ongoing crisis of HIV/AIDS across Canada and internationally.  THURSDAY, DECEMBER 1, 2011 - 7 pm Metropolitan United Church, 56 Queen St. E. Free, with suggested donation of $20. Hosted by CBC's Tom Allen with Rev. Dr. John Joseph Mastandrea. THIS YEAR'S PERFORMERS: Dr. Draw, Prita Chhabra, Singing Out!, David Warrack, Douglas...Continue Reading...

REALTORS® Respond to Core Services Review at Toronto City Council

Toronto, September 21, 2011 – REALTORS® are following-up on their presentation to the City’s Executive Committee, earlier this week, by providing additional information on why they believe that the Toronto Land Transfer Tax is not part of the solution to the City’s financial challenges. “We are proud that the Toronto Real Estate Board was the only business organization that had the courage to go to City Hall and call for the fiscal restraint that so many Torontonians want and demand from...Continue Reading...

Toronto Real Estate: Buyers beware in real estate purchases, too

September 16, 2011 - I recently read an article in the Toronto Star that got me thinking about the experiences of homebuyers purchasing newly built condominiums. The article detailed buyers who had bought from floor plans, but, unfortunately, once the unit was built they were disappointed when they realized that one window looked at a brick wall, the floor was laminate and the balcony was “more of a ledge.” This article is a good reminder that there is a lot to...Continue Reading...

GTA REALTORS® Release Mid-Month Resale Housing Figures

Toronto, September 16, 2011 – Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year. “Purchasing and paying for a home over the long term represents the single largest financial commitment most households will make over a lifetime. To make this...Continue Reading...

Tell Toronto City Hall to Target Waste, Not Home Buyers

September 16, 2011 -- Next week is an important time for our City and for property buyers.  Some key City of Toronto Councillors will be making decisions on how to get the City's finances in order so that City Hall can live within its means.   What they decide can directly impact your property buying decisions because their actions may be an important step towards keeping Mayor Ford's promise to repeal the Toronto Land Transfer Tax, which costs the average Toronto...Continue Reading...

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...