Manoj Arora's (homesbymanoj) Blog

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Real Estate Broker/Owner - Ace Team Realty Inc.
RECENT BLOG POSTS
OTTAWA - The Bank of Canada has chopped its key interest rate by another half percentage point to its lowest level ever, and warned that the Canadian economy will contract by 1.2 per cent this year. The central bank's target for the overnight lending rate now stands at 1 per cent - lower than in ...
01/20/2009
Toronto Real Estate Board Members reported 2,577 sales in December 2008, compared to the 4,646 recorded during the same month in 2007, and the 4,447 recorded in December 2006, TREB President Maureen O'Neill announced today. "Sales for the whole of 2008 were 74,552, compared to the 93,193 recorded...
01/20/2009
No parallels with U.S. Eric Beauchesne, Canwest News Service  Published: Monday, January 05, 2009 Brett Gundlock/National PostSold signs on house in Toronto. OTTAWA - The Canadian housing market is cooling but is not facing a U.S. style meltdown, builders here say. "A few commentators have drawn ...
01/07/2009
`Half-hearted' response may stymie effort to aid economy, critics charge The Bank of Canada slashed its key interest rate yesterday by three-quarters of a percentage point to the lowest level in half a century and confirmed Canada's economy is "entering a recession" because of the deepening globa...
12/10/2008
TORONTO, December 04, 2008 -- Greater Toronto REALTORS® recorded 3,640 transactions last month, from 7,313 sales 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...
12/04/2008
Recovery linked to economic stability next year Global economic uncertainty weighed heavily on residential real estate activity in most major Canadian centres during the latter half of 2008.  Although the forecast for 2009 promises more of the same, most markets are expected to weather the storm,...
12/03/2008
October 17, 2008 -- Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O'Neill announced today. Sales volumes in the GTA decreased 18 per cent compared to t...
10/25/2008
CMHC Financial assistance takes the form of loans, forgivable loans or non-repayable contributions, and can be used to fund repairs, renovations, accessibility modifications, the creation of low-income rental units, and home adaptations. Programs are available for low-income households, seniors, ...
09/22/2008
September 17, 2008 -- The Greater Toronto Area's autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O'Neill announced today. With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during s...
09/18/2008
Mississauga, ON (September 17, 2008) - An increasingly competitive housing environment is prompting a significant number of Ontario homeowners to invest in renovation before their homes for sale, according to a recent survey by RE/MAX Ontario-Atlantic Canada. The RE/MAX Survey of Home Buying and ...
09/17/2008
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