Richard Silver speaking about real estate career, government regulations, and what prevents Toronto from becoming a world-class city.
Due to a lack of supply in Toronto, people were driven further out of the city to explore neighbourhoods they wouldn’t normally consider.
By buying office condos you build equity, not just in your business, but in your real estate holdings in your business.
"Stop searching for the perfect house and buy the imperfect house. Buy under what you can afford and add value."
“Typically, units at this price range will take longer to sell – anywhere from six to eight weeks – but this unit got a lot of attentional internationally,” agent Rizwan Malik says.
The Toronto luxury real estate market is booming.
[The sale] is the highest price recorded for the building for any unit type and it's not even the largest unit.
“Toronto is known as the most multilingual and multicultural city [in Canada],” said Jim Burtnick, of the Torontoism team of Sotheby’s International Realty. “There are six Chinatowns and everybody and anybody coming here will feel pretty absorbed into the community.”
Toronto has a lack of inventory, and there’s only so much space for new developments.
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. Richard shares his international experience.
Over the past years we have been honoured to do what we can for Casey House Hospice. The facility is growing but so is the infection rate. Please support the cause and SHARE.
Richard Silver had already established a very successful real estate practice in Toronto with The Torontoism team. Now he's making his way to the global market.
Richard has talked to Tamsin McMahon of The Globe and Mail and shared his views of the situation and what the BC Tax could mean for the Toronto market.
In the light of the recent events in BC, Richard Silver was approached by Wayne Karl of the Yellow Pages Next Home, to share his thoughts on the situation.
Multiple offers seem to be lessening – not due to lack of interest but due to a lack of desire to compete and push the price too high,
“I welcome change,” says Richard. “In fact, the only constant in our real estate business is change.”
If a client wants to buy a house just to win the contest then, in Mr. Silver’s opinion, that’s the wrong reason to stay locked in a bidding war.
Richard was interviewed for CBS' Money watch for the article "How to move to Canada: 10 great housing deals".
I was recently interviewed by Ray Wood for the Top Agents Playbook. It was a great opportunity to share some of my experiences with using technology in the real estate business. As many of you know, I'm a big fan of new technologies and I enjoy testing them and implementing to make our work more efficient and to often more enjoyable and fun.