[Tamil poet from Pre-Christian Sangham era]
- Translated By Eelam Tamil Scholar Rev Fr. Xavier Thaninayagam
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TORONTO - December 15, 2004- For the first time in its 84
year history, the Toronto Real Estate Board has seen
more than 80,000 transactions through its Multiple Listing
Service in a single year.
TREB President Ron Abraham says 2004 will go down in
history as a banner year.
"Sales have surpassed the previous all time high of
78,898 set in 2003 and we should end the year with
approximately 83,000 transactions. There is no question
that real estate is the engine driving today’s ecomony."
With more than 2,200 transactions thus far in December,
sales are tracking 10 per cent ahead of December 2003.
"The Bank of Canada’s recent decision to hold steady on
interest rates bodes well for the 2005 real estate market.
The historically low rates we are enjoying have been a
key contibutor to the market’s strength, " said Mr. Abraham.
Mr. Abraham cautions however; that other factors like
property taxes and the provincial government’s proposed
greenbelt plan could impact affordability in the year ahead.
"We will continue to lobby on behalf of our REALTOR
Members to help the Greater Toronto Area’s home buying
and selling public realize their future homeownership
goals."
"We are confident that we are headed into another strong
year for real estate in 2005."
Serving more than 20,500 REALTORS throughout the
Greater Toronto Area, the Toronto Real Estate Board is
Canada’s largest real estate board. [TREB]
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Real Estate [mls.ca]