Richard shares his thoughts on the recently introduced Non-resident Speculative Tax.
TREB reported 12,077 sales through the MLS system in March 2017. This is 17.7 per cent more properties sold than last year. The annual sale growth was strongest in the condo and detached segment for the whole TREB market area. Condo sales have gone up by 29 per cent compared to March 2016, while the number of sold detached properties has increased by 14.3 per cent.
Members of various demographic groups shop for mortgages in different ways. Do the contrasts in the way the baby boomers and the millennials shop for mortgages tell us something about modern home buying? You bet. A pair of mortgage professionals recently took the time to chat about the way Canadians of different generations think debt
[The sale] is the highest price recorded for the building for any unit type and it's not even the largest unit.
Our world is becoming increasingly globalised. As a result, traditional employment for many people has become less reliable and more people are looking to other countries for opportunities.
Properties that would typically take 7-10 days to sell are selling within hours.
Torontoism has joined up with the commerce in hopes of fostering closer ties and helping anyone who may be making the transition between companies.
Toronto, a diverse and cosmopolitan city, is popular with buyers from all over the world.
Richard for Mansion Global: Toronto’s Healthy Luxury Real Estate Market Predicted to Carry Over to 2017
Mansion Global quoted Richard in one of their recent article about Toronto's luxury market.
If you thought it was a tight market in 2016 (that is, a "sellers' market" with more buyers than sellers), watch out for 2017!
Richard Silver, a Sotheby's realtor and past Toronto Real Estate Board president who works with foreign buyers, told Metro Morning host Matt Galloway that most of his foreign clients are coming to Toronto for educational and business opportunities, not just to park their money offshore, and that a foreign buyer tax would be a bad
The Toronto Real Estate Board says 4.9% of transactions involve foreign buyers. But some fear the number is low. As Toronto area housing prices have soared, so too has conjecture about the role of foreign property buyers in driving up the market. When the Toronto Real Estate Board (TREB) released data on Tuesday showing only
For anyone expecting to see a downturn of Toronto’s housing market, the Canada Mortgage and Housing Corporation says 2017 won’t be the year. At a recent condo seminar held by the CMHC, the group laid forth it’s predictions for the upcoming year. Jim Burtnick, a member of Torontoism, broker and senior vice president at Sotheby's
From the United States to Great Britain, there is a lot of anxiety about the future and that kind of instability can have a strong impact on housing prices around the globe. While the situation South of the border is still too fresh to fully assess the situation, there is much talk of what will
Sit down with your partner and family and decide what rightsizing will mean to you and your lifestyle. The ruling decision should be based on "Is this the safest place for me to live?".
No one was suprised when TREB President Larry Cerqua announced that 2016 was a record year for home sales in the Greater Toronto Area.
From time to time, and mostly from people who don’t know us, we get an email or a phone call where the commission question comes up front and centre: "Can you tell me what your commission rate is?"
At the end of every year, clients start asking whether they should buy, sell, rent and how to hedge their bets.
A few hours north of the congestion and pollution of the country’s largest city lies an oasis of solitude. A place where people can breathe fresh pine-tinted air, cannonball into crystal-clear water, or just sit around a fire under the stars. Ontario’s cottage country has been an escape for city-dwellers for generations. Every summer a
TREB reported an increase in home sales in November 2016. The result represented a 16.5 per cent increase compared to November 2015. The strongest annual rates of sales growth were recorded in the townhouse and condominum apartment segments.