Last year sadly I had to sell my father’s condo out west. I knew a few Realtors from the area but as executor of my Dad’s estate, I felt it was my fiduciary duty to keep arms length from the transaction, so I did what I suggest most sellers do…. (Read on …)
Greater Toronto Home Resales at 1,500 in Mid December
TORONTO, December 17, 2008 — Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today.
The average price of a home in the Greater Toronto Area is currently $360,652. This (Read on …)
Sadly, most Toronto Sellers are still pricing above the market as it starts to move down. They are following the market down at too slow a rate rather than jumping the market a bit and ending up being sold first. They are always above the market and not in the market. Make sure that you price your Toronto property to reflect Today’s Buyer’s market and that you are committed to selling.
For information about Toronto pricing, please contact me at mail@richardsilver.com. I’ll happily give you information and advice.
It was Cabbagetown Festival, 30 years ago when I spent a Saturday touring around Parliament Street and the area to the East. At the end of the day, I bought my first house for $90,000. It was a great location and has just recently re-sold for over $700,000. Of course, in the interim, like a good REALTOR, I have moved a few times…it is a hazard of the business…you think you have found the perfect home and then you see the next perfect home…I like to think of myself as keeping the economy and the construction business alive and well. (Read on …)
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 (Read on …)
The following is a list of expenses normally incurred by a Seller when completing the sale 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 and will provide individual quotes when requested.However, in general, the costs for Selling a home should be less than those for Buying, as the Seller’s Lawyer mostly responds to the Buyer’s requests. (Read on …)
TORONTO, December 10, 2008 – Supported by a study on the impact of the Toronto Land Transfer Tax, recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors, Greater Toronto REALTORS® are renewing calls for this tax to be rolled back. Click here to read the full report.
“The housing sector is one of the most significant parts of Toronto’s economy,” said Maureen O’Neill, President of the Toronto Real Estate Board (TREB). “Unfortunately, the study prepared jointly by the C.D. Howe Institute and Economics Professors from the University of Toronto shows that the Toronto Land Transfer Tax has had a negative economic impact, which TREB estimates to be $170 million in 2008.” (Read on …)
As a veteran of a few interesting Real Estate markets, I try to find the positive changes that can occur; I have been putting a lot of energy into some of the new Web 2.0 technologies and have been moving more to online than offline communications.
Instead of mailing out Newsletters, I will now be doing monthly Market Updates by email. Feel free to subscribe yourself and tell your friends that they can go to my website and subscribe. I will try to keep it as topical as I can and will happy to post some upcoming events. Let me know, if you have any that you would like to get posted. (Read on …)
Toronto, December 4, 2008:
Greater Toronto REALTORS® recorded 3,640 transactions last month, from 7,313sales in November 2007, Toronto Real Estate Board President Maureen O’Neill announced today. Year-to-date sales figures for the Greater Toronto Area show 72,086 transactions in 2008, from 88,695 sales recorded in the same January to November period a year ago. By contrast, the 2008 year-to-date average price in the GTA is $379,489, from $375,445 in 2007.
“Its important for the public to understand that while sales activity has moderated in 2008, due to current economic conditions, the average price of homes has increased from 2006 still making real estate a solid long term investment,” said O’Neill. (Read on …)
No matter what part of the GTA you live in, there is one morning a week when you can hear that refrain in every home: “Garbage Day!! What week is this?”
Nothing gets you scurrying to the windows faster than to see what the neighbors have put out; Recycling, Garbage and is it leaf day? What if the neighbors are wrong? The Leaves can sit there for a month!
Usually someone heads to the kitchen drawer where the calendar was last seen…it’s not there! Someone heads to the utility room…or is it in the garage? Help! (Read on …)
