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, […]
Bank of Canada Keeps Interest Rates Steady
November 17, 2008 by
This just released today November-17-08, 8:56:49 PM The Bank of Canada held its benchmark overnight lending rate steady at three per cent at it’s setting on September 3rd. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 3.25 per cent. The Bank’s decision to hold interest rates […]
Should Paying Off The Mortgage Wait?
November 17, 2008 by
There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider. If you take a $1400.00 tax refund and apply it to a typical mortgage at […]
August 2009 Toronto Market Update:
November 17, 2008 by
Condos Now Being almost 40% of the market and being 67-68% first time home buyers means market updates do follow that market closely. The first time home buyer must move up for all other markets to subsequently keep moving with the exception of markets over $1.5 million market which do not particularily rely on the […]
Trim Your Air Conditioning Costs With These Tips
July 21, 2008 by
1/ change your furnace filter monthly. If your filter is gummed up your blower motor has to work harder which will increase your electricity use. This can reduce the chance of equipment failure and save you from an expensive service call. 2/Keep your hands off the temperature. Decide to live in a slightly warmer space […]