Manoj Arora's (homesbymanoj) Blog

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 ...

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...

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 ...