Simon Milberry | RE/MAX Hallmark Realty Ltd., Brokerage

Real Estate Blog

April 2008 eNewsletter

There has been a great deal of discussion lately regarding the state of the real estate market in Toronto. The media is desperately trying to tie the Canadian real estate market to the situation in the US real estate market. Obviously, the US and Canadian...

March 5th, 08 eNewsletter

Most of you have probably heard about the 50 basis point drop in the Prime lending rate. Although they don't always do this, the major banks have passed that on to consumers by lowering their mortgage rates. Posted rates are now around 5.25% for a...

February 08 eNewsletter

2007 Set Records Nation-Wide Records all Around What's in store for 2008? The big news in the last week or so is the turmoil in the financial markets. Everybody who bought a house instead of stocks in the last few years should give themselves a pat on the...

January 2008 eNewsletter

As you know, the new City of Toronto Land Transfer Tax comes in to effect on February 1st, 2008. Some details are becoming a bit more clear. According to the information below (provided by the Toronto Real Estate Board), first-time buyers spending less than $400,000...

Toronto Land Transfer Tax Approved

Details of Approved Toronto Land Transfer Tax Toronto City Council has approved a municipal land transfer tax that will be levied on top of the provincial land transfer tax. The Toronto Real Estate Board worked very hard to oppose this tax and commends the efforts of...

September 07 eNewsletter

Welcome to the latest issue of my Real Estate Market Update newsletter! The basic data comes from the Toronto Real Estate Board's "Market Watch" report (see link at left). The rest is my 'editorial commentary'* on the state of things. Enjoy the report, and feel...

April 2007 Newsletter

April '07 was the busiest month in the history of the Toronto Real Estate Board, with 9,452 sales recorded. As active as the market is, and with quite a bit of attention being paid to 'bidding wars' and sale prices tens of thousands of dollars...