Richard Silver

Your Finances: A New Approach to Home Ownership & Finances

President's Resale Homes & Condos Column TREB President's Column as it appears in the Resale Homes & Condos August 6, 2011 -- As I begin my term as president of the Toronto Real Estate Board, I am excited to use this column to arm homebuyers and sellers with information that will help consumers make informed decisions when it comes to real estate. For most people, buying a home represents an opportunity for a fresh start and ours is definitely a city that embraces...Continue Reading...

Toronto Real Estate: Opportunity Knocks!!

There are some great opportunities in the Toronto Home Market right now. Here is a great thought from my favourite Mortgage Broker, David Smith of Oriana Financial. (more...)Continue Reading...

Toronto Real Estate: Love Your Mortgage Broker!

Over the years of my buying and selling, and that of my clients, I have established a very strong rapport with my Mortgage Broker. I can count on him to give me good advice, be conservative when I am on a flight of fancy, or feed me the realism that an insecure cockeyed optimist needs when I get down about my personal market exposure. (more...)Continue Reading...

Toronto Real Estate: Closing Costs For Buyers!

The following is a list of expenses normally incurred by a Buyer when completing the purchase of a Residential property within Toronto.  1. Legal Fees: The tariff rate for residential properties is between .25% and .5% of the purchase price, normally not to exceed $1,450.00. Lawyers may negotiate their fees (more...)Continue Reading...

What’s Happening in the Toronto Real Estate Market?

That is the question that I get asked every hour of every day....So How do I answer that one? The Stock Market has definitely had a great effect on market confidence and there is no getting around that. Every media outlet is predicting doom and gloom in all sectors and there is no getting around that either... However, would you be surprised to know that even with it all, over 5000 properties sold in Toronto last month? Now, of course, that...Continue Reading...