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...

Greater Toronto REALTORS® Report Mid-Month Sales Figures

TORONTO, December 16, 2010 -- Greater Toronto REALTORS® reported 2,509 sales through the Multiple Listing Service® (MLS®) during the first two weeks of December2010. This represented a 19 per cent decrease compared to the 3,079 sales recorded during the same period in December 2009. Year-to-date sales amounted to 84,316 – down one per cent from the 2009 total of 84,888. “While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010...Continue Reading...

Toronto Neighbourhood in focus: Rosedale

Rosedale… what’s in a name? A few years ago we bought a house on a great Toronto street south of Bloor that I refer to as Cabbagetown  North. But some call it Rosedale . There, I said it! It took me a long time to say Rosedale because it comes with a lot of preconceived baggage, when in reality it is just a place where some people have bigger mortgages and a lot of house to maintain. I do miss my Carlton/Church condo...Continue Reading...

Toronto Real Estate Board’s Jason Mercer on the November 2010 Market Watch.

Jason Mercer, the Senior Market Analyst at the Toronto Real Estate Board gives us the scoop from the Market Watch in November 2010. Have a look and let me know your thoughts. [youtube]http://www.youtube.com/watch?v=OIf-vSnUG-A[/youtube]Continue Reading...

REAL ESTATE: The long-promised reworking of the original Cabbagetown

For years Cabbagetown residents awaited the long-promised reworking of the original Cabbagetown — reborn in the 1940s as Canada’s largest and oldest social housing project, Regent Park. It had a controversial history due in part to the design. The lack of through streets isolated the 69-acre neighourbood, creating a ghetto.  In the past 10 years it has become home for many new Canadians and their families making for a lively and diverse neighbourhood as well as bringing lots more street traffic...Continue Reading...

Waiting for the Repeal of the Miller Land Transfer Tax….

In the past few weeks the question Toronto Buyers have been asking is "should we be waiting for Rob Ford's  new City Council to repeal the Toronto Land Transfer Tax ?" Whether it was just another political promise that will never be realized, good intentions to the contrary, will the savings realized by the repeal of the tax actually provide a substantial benefit to wait? The Tax launched in February, 2008 which on a $400,000 property has the Buyer paying $4475 to the Province and $3725...Continue Reading...

Canada Mortgage and Housing Corporation: Toronto Housing Outlook

Yearly the Canadian Mortgage and Housing Corporation releases a Greater Toronto Housing Outlook. It is a great resource as it mashes together information form different sources of data including sales data from The Toronto Real Estate Board. Canada Mortgage and Housing Corporation: Toronto Housing OutlookView more documents from Richard Silver.Check out their web site and sign up to receive these regularly.Continue Reading...

Real Estate Council of Ontario’s Web Site

In Ontario, those of us who are registrants are regulated by a body called the Real Estate Council of Ontario. It is this body that deals with complaints from the Public, Code of Ethics violations, etc. On their web site at www.reco.on.ca they state that "The Real Estate Council of Ontario (RECO) regulates the activity of trading in real estate in the public interest". They do so munder the auspices of the provincial government and they administer the Real Estate...Continue Reading...

The Canadian Real Estate Association Revises Annual Resale Housing Forecast

OTTAWA – November 5, 2010 – The Canadian Real Estate Association  (CREA) has lowered its forecast for home sales activity via the Multiple Listing Service ® (MLS®)Systems of Canadian real estate Boards and Associations for 2010 and 2011. Sales activity in the third quarter of 2010 began on a weak footing, but gained traction as the quarter progressed. Improving momentum for home sales activity suggests the resale housing market is stabilizing, but weaker than expected third quarter activity has reduced CREA’s annual...Continue Reading...

October 2010 Toronto Housing Market Charts

Here are the latest Housing Market Charts for October 2010 from the Toronto Real Estate Board. I love these as it really puts not only this year but the past three years into a more realistic perspective. Interested to know what you think. Feel free to comment. Toronto Area Housing Market Charts OctoberView more presentations from Richard Silver.Continue Reading...