Manoj Arora's (homesbymanoj) Blog

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Real Estate Broker/Owner - Ace Team Realty Inc.
RECENT BLOG POSTS
TORONTO, July 6, 2009 - - In June 2009, Greater Toronto REALTORS® reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.(1) "The record result in June is testament to the fundamentally sound housing market in the GTA," said...
07/09/2009
The provincial government has announced some proposed changes to the way it would apply the proposed Harmonized Sales Tax (HST) to the purchase price of newly constructed housing. The provincial government has also announced proposed transitional details for newly constructed properties.Backgroun...
07/09/2009
Greater Toronto REALTORS® reported 4,561 transactions in the first half of May - an increase of three per cent compared to May 2008. "Members reported a rise in buying activity this month," said TREB President Maureen O'Neill. "Many home buyers who were undecided about purchasing a home during th...
05/22/2009
Location! Location! Location!! Border of Brampton and Mississauga ** Well Maintained End-Unit Townhouse, 3 Bedrooms, 4 Bathrooms, Sunfilled Home. Basement Finished With Washroom And Rec. Room. Close To All Amenities, 3 Parking Spaces. Walk To Schools, Kids Play area, Shopping Plaza, Banks, Restau...
04/23/2009
In March 2009, Greater Toronto REALTORS® reported 6,171 sales - down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 - down less than five per cent from the same month last year. "The G...
04/16/2009
Home Renovation Tax Credit The proposed Home Renovation Tax Credit (HRTC) will provide a temporary 15 per cent income tax credit on eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010. The credit may be claimed for the 20...
03/07/2009
TORONTO, March 5, 2009 - Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year. "A considerable number of transactions continued...
03/05/2009
March 3, 2009 - The Bank of Canada announced this morning that it is cutting interest rates by 0.50%. This take the target for the overnight rate to just 0.50% This takes the total easing to 4.00% since December 2007. The bank said in it's release that the global economic outlook has worsened sin...
03/05/2009
Between September 1, 2008 and December 31, 2008, Toronto Real Estate Board (TREB) Members reported 3,433 rented condominium apartments and townhouses in the Greater Toronto Area. This represented a 30 per cent increase over the 2,635 transactions recorded during the same time frame in 2007. A goo...
02/11/2009
Greater Toronto REALTORS® reported 2,670 sales in January compared to 5,075 in the first month of 2008. "Demand for existing homes in the Greater Toronto Area moderated as the housing market followed the broader economic slowdown in Canada," said Jason Mercer, the Toronto Real Estate Board's Seni...
02/11/2009
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