Richard Silver

Greater Toronto REALTORS® Housing Market Charts

Here are the November 2010 Housing Market Charts from the Toronto Real Estate Board. I love these because they tell the real story of what is happening in the Toronto Real Estate Market. It looks at this year in comparison with the last three and does not get caught up in month to month fluctuations that can be used to distort what is really happening. Serious consumers concerned about market movement should be following these charts rather than the monthly figures.  Have...Continue Reading...

Toronto Real Estate Board Releases Affordability Charts

Prices have risen in the Greater Toronto Area, however the cost of home ownership has dropped. This recent chart from the Toronto Real Estate Board shows how increased incomes and historically low interest rates have made home ownership more affordable. I think this bodes well for the Canadian economy: Renters who become Owners renovate, buy new furniture and appliances, adding related spending and stimulating the economy. Related Posts: Canadian Real Estate: Lack of Inventory Puts Upward Pressure on Pricing. Canadian Real Estate Association Releases New...Continue Reading...

Toronto Real Estate Board Releases Yearly Sales Figures

On January 9th, 2009, The Toronto Real Estate Board released its' year end figures. We are definitely in a Downturn, Sellers who adjust their prices will sell and Buyers who use today's rates to move into the Housing market or move up will be moving the market this year. At all times, make sure you are buying the right house and for the right reasons. I have met too many Buyers over the years who became so focused on "Buying...Continue Reading...

A Guide to Selling Privately!

With the market going through a Downturn, it is natural that Sellers would be thinking about selling privately to maximize their profit. This is a tough market and you have to be primed to sell, so here are some suggestions that might help: 1) Make sure that everything in you house, construction-wise is perfect or close to it. 99% of homes in this market will be inspected for flaws, so you need a knowledgeable 3rd party to go through your home...Continue Reading...