Richard Silver

Toronto Real Estate: Reading Between the Headlines!

Today's Toronto Star has a very deceptive sub-headline in the middle of the front section. It reads "The average Toronto-area house is worth $41,672 less than it was a year ago. Sales are down 35 per cent and it's going to get worse." At a glance this makes a great headline but here is the reality....$41,672 is a reduction of just over 10% in the average price since last October. Yes, no doubt the market has softened. The number of sales are...Continue Reading...