Category Archive for "CREA News"

Episode 13: Tiffany Pratt – Wellness by Design: Creating a Home that Brings Joy

What is the relationship between our homes and our mental and physical well-being? Are there changes we can make to infuse a greater sense of joy into our living spaces? How can we reimagine the things we already have to elevate our homes aesthetically and functionally? In Episode 13 of REAL TIME, designer and TV…

Episode 12: Dr. Hadiya Roderique – Working While Black: A Conversation About Race in the Workplace

“You have to be part of changing the culture. If you want racist speech or actions to be unacceptable, you have to be one of the people saying it’s unacceptable.” In Episode 12 of REAL TIME, we discuss racial biases and opportunity gaps facing BIPOC professionals in Canada. Joined by Dr. Hadiya Roderique – speaker,…

Episode 11: Steven Sabados – What Do We Want From Our Homes in 2021?

Last year, the COVID-19 pandemic quickly underscored the importance of “home” as refuge. As a result, Canadians started making their homes a larger priority, as demonstrated via record home sales, shifts in the types of homes purchased and a boom in home renovations. Listen in as we discuss this change with Canadian designer, artist and…

Episode 10: Hindsight is 2020

2020 has been an unprecedented year in almost every regard. In this episode of REAL TIME, we discuss the impact COVID-19 had on Canadians, how housing markets responded, how REALTORS® have adapted and what it all means moving forward. Join us as we dive deeper into these topics with insights from industry experts David Coletto…

Episode 9: Jesse Thistle – A Conversation About Homelessness in Canada

More than 35,000 Canadians experience homelessness every day. In recognition of this, and to complement REALTORS Care® Week 2020, we’re joined by Jesse Thistle, Métis-Cree author of From the Ashes and assistant professor at York University. Learn about Jesse’s personal experience with homelessness, how he’s become a leading voice for the issue, and what REALTORS®…

Episode 8: Kelley Keehn – Making Sense of Money and Real Estate in Today’s Economic Climate

In Episode 8 of REAL TIME, popular personal finance expert and award-winning author Kelley Keehn discusses the financial concerns and realities facing many Canadians today, including homeowners and prospective home buyers. Discover tips and tools for REALTORS® to help your clients assess and strengthen their financial health, even in unstable times.

Episode 7: Sarah Richardson – Buying and Designing: Lessons Learned in Real Estate

In Episode 7 of REAL TIME, award-winning designer, best-selling author and TV icon Sarah Richardson shares lessons learned during an incredibly successful career buying and designing homes – everything from the value of using a REALTOR® to making the most of your space on any budget.

Episode 6:Strategic Advertising in Real Estate

In Episode 6 of REAL TIME, we talk with Subtej Nijjar, partner at Union Creative, the agency behind CREA’s national ad campaigns, about methodologies REALTORS® can employ to better understand their audience, position themselves strategically and stay relevant in periods of change and a hypercompetitive industry.

Episode 6: Subtej Nijjar – Strategic Advertising in Real Estate

Episode 5: Riti Verma & Ben Sweet – Managing your online reputation as a REALTOR®

In Episode 5 of REAL TIME, we’ll join Riti Verma, real estate entrepreneur and CEO of RankMyAgent.com—with input from REALTOR® Ben Sweet—to discuss the importance of managing your online reputation as a REALTOR®. We’ll look at the impacts of online reviews, tips to get started, and how to ensure a positive experience to land and…

Episode 5:Managing your Online Reputation as a REALTOR®

Episode 4:A Conversation About Real Estate in the Age of COVID-19

In response to current conditions, businesses and REALTORS® need to react to a new world, though temporary, where human interaction is limited or discouraged. The real estate industry, built on relationships, will be significantly impacted. But within adverse conditions come opportunities and new human behaviours. For REALTORS®, maintaining a personal connection is crucial. The CREA…

Episode 3:REALTORS® and the Timeless Currency of Trust

In Episode 3 of REAL TIME, we talk with Steve Murray, president and co-founder of REAL Trends, about the foundational elements of real estate – what’s changed, what hasn’t – and how trust and communication continue to play a vital role in safeguarding REALTOR® success.

Episode 3:Steve Murray – REALTORS® and the Timeless Currency of Trust

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members…

Episode 2:Chris Chopik – Real Estate and the Environment

In celebration of Earth Day we’ll speak with REALTOR® Chris Chopik, a passionate environmental advocate about how climate-risk directly impacts the industry, the role REALTORS® can play protecting the environment, and what REALTORS® need to know about selling greener homes.

Episode 1: Terry O’Reilly

Buying or selling a home isn’t just a financial decision. It’s an emotional one. In our inaugural episode of REAL TIME, we chat with award-winning marketer and radio icon Terry O’Reilly about the changing landscape of real estate—and how brand storytelling, innovation, and emotional connections can boost your business as a REALTOR®.

Episode 1:Terry O’Reilly – REALTORS® and the Importance of Emotional Connections

This podcast is about brand storytelling. We’ll explore the crucial connection between REALTORS® and the emotional aspects of home buying and how to use those key elements to add value to your client relationships and the sales process.

Bank of Canada announces emergency interest rate cut

In an emergency announcement on March 13th, 2020 the Bank of Canada announced a 0.5% reduction in its trend-setting overnight lending rate from 1.25% to 0.75%. This was a further reduction from the 0.5% cut announced just 9 days earlier at the regularly scheduled interest rate announcement. The announcement was part of coordinated action by…

As providers of the most accurate and timely housing data and statistics, CREA cannot credibly update its quarterly forecast at this time. Ottawa, ON, March 16, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020. Highlights: National home sales climbed 5.9%…

Bank of Canada cuts interest rates in response to rising global economic risks

In line with financial market expectations, the Bank of Canada announced, on March 4, it was lowering its trend-setting overnight lending rate by 50 basis points from 1.75% to 1.25%. This was the first change in the overnight lending rate since October 2018. This follows a day after the U.S. Federal Reserve cut the Federal…

Changes to the mortgage stress test

Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test. The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications,…

Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. Highlights: National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January. Actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y). The number of newly…

CREA’s Chief Economist, Gregory Klump, retires after 28 years

Ottawa, ON, February 11, 2020 – Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years. Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s economic and data team into an authoritative source of Canadian real estate data…

Canadian home sales inch lower in December

Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. Highlights: National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December. Actual (not seasonally adjusted) activity was up 22.7% year-over-year (y-o-y). The number of newly listed…

Canadian home sales edge higher in November

Ottawa, ON, December 16, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued to edge higher in November 2019. Highlights: National home sales rose 0.6% month-over-month (m-o-m) basis in November. Actual (not seasonally adjusted) activity was up 11.3% year-over-year (y-o-y). The number of newly listed properties dropped…

Canadian home sales hold steady in October

Ottawa, ON, November 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019. Highlights: National home sales held steady on a month-over-month (m-o-m) basis in October. Actual (not seasonally adjusted) activity was up 12.9% year-over-year (y-o-y). The number of newly listed…

Canadian home sales rise again in September

Ottawa, ON, October 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up slightly in September 2019. Highlights: National home sales rose 0.6% month-over-month (m-o-m) in September. Actual (not seasonally adjusted) activity was up 15.5% year-over-year (y-o-y). The number of newly listed properties edged back by…

Altus Group Partners with The Canadian Real Estate Association and its Member Real Estate Boards and Associations to Expand the MLS® Home Price Index Nationally

Advanced AVM technology from Altus Group combined with extensive data from real estate boards and associations delivers first national Canadian index making it one of largest and most comprehensive in the world TORONTO (October 2, 2019) — Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services…

Statement from The Canadian Real Estate Association in response to the Conservative Party housing measures announcement

Ottawa, ON, September 23, 2019 — With Election 2019 underway, CREA welcomes today’s announcement that a Conservative government would introduce new measures to make it easier for first-time homebuyers to buy a home. “REALTORS® have long asked for common-sense solutions designed to help Canadians to purchase a home of their own,” said Jason Stephen, President…

Canadian home sales edge higher in August

Ottawa, ON, September 16, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in August 2019. Highlights: National home sales rose 1.4% month-over-month (m-o-m) in August. Actual (not seasonally adjusted) activity was up 5% year-over-year (y-o-y). The number of newly listed homes climbed 1.1% m-o-m. The…

CREA Updates Resale Housing Market Forecast Ottawa, ON, September 16, 2019 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations – for the rest of 2019 and looking ahead to 2020. Economic fundamentals underpinning housing…

Statement from The Canadian Real Estate Association in response to the Liberal Party FTHBI announcement

Ottawa, ON, September 12, 2019 ⁠— With Election 2019 barely underway, CREA welcomes today’s announcement that a Liberal government would extend the eligibility requirements for the First Time Home Buyers’ Incentive (FTHBI) so that Canadians in higher priced markets can take advantage of the program. “REALTORS® welcomed the FTHBI when it was announced in the spring…

The Canadian Real Estate Association launches its Election 2019 REALTOR® Resource Hub

Ottawa, ON, September 12, 2019 — The Canadian Real Estate Association (CREA) has launched an Election 2019 Resource Hub for REALTORS® called REALideas to share policy proposals to help Canadians achieve their homeownership aspirations. “Housing affordability is top of mind to Canadians who have been shut out of housing markets across the country. REALTORS® know that all…

Ottawa, ON, August 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in July 2019 compared to June. Highlights: National home sales rose 3.5% month-over-month (m-o-m) in July. Actual (not seasonally adjusted) activity was up 12.6% year-over-year (y-o-y). The number of newly listed homes edged…

Ottawa, ON, July 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month. Highlights: National home sales edged back 0.2% month-over-month (m-o-m) in June. Actual (not seasonally adjusted) activity ticked up 0.3% year-over-year (y-o-y). The number of newly…

Canadian home sales rise again in May 2019

Ottawa, ON, June 14, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019. Highlights: National home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7% year-over-year (y-o-y). The number of newly listed homes edged back by 1.2% m-o-m.…

Ottawa, ON, May 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed in April 2019. Highlights: National home sales improved by 3.6% month-over-month (m-o-m) in April. Actual (not seasonally adjusted) activity was up 4.2% year-over-year (y-o-y). The number of newly listed homes climbed 2.7% m-o-m. The…

CREA supports efforts to crack down on money laundering

Ottawa, ON, May 14, 2019 — Recent reports highlight real estate in Canada can be a haven for money launderers due to its stability and value. The Canadian Real Estate Association (CREA) fully supports governments’ efforts to crack down on money laundering. CREA would like to underscore the British Columbia Real Estate Association’s position, “real estate…

Canadian home sales edge higher in March 2019

Ottawa, ON, April 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged higher in March 2019 after having declined sharply the previous month. Highlights: National home sales edged up 0.9% month-over-month (m-o-m) in March. Actual (not seasonally adjusted) activity was down 4.6% year-over-year (y-o-y). The number of…

CREA Welcomes Focus on Housing in Budget 2019

Ottawa, ON, March 19, 2019 – The Canadian Real Estate Association (CREA) welcomes the various measures in Budget 2019 that will help address housing affordability and provide meaningful support for Canadians. REALTORS® have been advocating on behalf of millennials and others who aspire to homeownership but are struggling to reach their goal amid a challenging environment.…

Quarterly Forecasts

CREA Updates and Extends Resale Housing Market Forecast Ottawa, ON, March 15, 2019 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2019 and extended its outlook to include 2020. While the outlook for economic…

Canadian home sales drop sharply in February 2019

Ottawa, ON, March 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales dropped sharply from January to February 2019. Highlights: National home sales plummeted 9.1% month-over-month (m-o-m) in February. Actual (not seasonally adjusted) activity was down 4.4% year-over-year (y-o-y). The number of newly listed homes fell 3.2% m-o-m.…

Bank of Canada keeps interest rates on hold and loses swagger in March

In line with financial market expectations, the Bank of Canada announced on Wednesday, March 6, that it was keeping its trend-setting overnight lending rate at 1.75%. The Bank’s announcement indicated it is in no hurry to raise interest rates against the backdrop of a further slowdown in Canadian economic growth. Indeed, the Bank said it…

Canadian home sales improve in January 2019

Ottawa, ON, February 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales in January 2019 were up from the previous month but remained below levels recorded one year ago. Highlights: National home sales rose 3.6% between December 2018 and January 2019. Actual (not seasonally adjusted) activity was down…

Canadian home sales fall further in December

Ottawa, ON, January 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales posted a fourth-straight monthly decline in December 2018. Highlights: National home sales fell 2.5% from November to December. Actual (not seasonally adjusted) activity was down by 19% from one year ago. The number of newly listed…

Canadian home sales activity softens further in November

Ottawa, ON, December 17, 2018 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales posted another monthly decline in November 2018. Highlights: National home sales fell 2.3% from October to November. Actual (not seasonally adjusted) activity was down by 12.6% from one year ago. The number of newly listed…

Lone Wolf and CREA Announce Major Transaction Management Deal

Deal provides Lone Wolf’s transaction management tools to Canadian Real Estate Association (CREA) as new CREA WEBForms® Ottawa, ON, November 16, 2018 The Canadian Real Estate Association (CREA) announced today a partnership with Lone Wolf Technologies (Lone Wolf) that will provide CREA members with a new version of CREA WEBForms® that makes it easier to…

Canadian home sales activity eases in October

Ottawa, ON, November 15, 2018 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018. Highlights: National home sales fell 1.6% from September to October. Actual (not seasonally adjusted) activity was down by 3.7% from one year ago. The number of newly listed homes…

CREA unveils redesigned REALTOR.ca website

Ottawa, ON October 18th, 2018 – The Canadian Real Estate Association (CREA) recently launched an improved REALTOR.ca website design that features a simpler and more powerful search function, enhanced homebuyer calculators and access to highly anticipated school catchment areas.There are a host of smaller but impactful enhancements to the site navigation, REALTOR® profiles and listing…

First-ever REALTOR.ca Hackathon yields innovative new solutions for Canadian homebuyers

Ottawa, ON, October 15, 2018 – 77 developers and programmers signed up for the Canadian Real Estate Association’s (CREA) first ever REALTOR.ca hackathon over the weekend at Ottawa’s Bayview Yards. This is one of the many initiatives CREA is undertaking to ensure the continuous improvement of Canada’s #1 real estate website, REALTOR.ca . CREA is…

Canadian home sales activity edges lower in September

Ottawa, ON, October 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales edged down slightly between August and September 2018. Highlights: National home sales edged back 0.4% from August to September. Actual (not seasonally adjusted) activity was down by 8.9% from one year ago. The number of…

Canadian home sales activity edges higher in August

Ottawa, ON, September 17, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show a small increase in national home sales between July and August 2018. Highlights: National home sales rose 0.9% from July to August. Actual (not seasonally adjusted) activity was down 3.8% from August 2017. The number of newly listed homes…

Canadian home sales activity strengthens in July

Ottawa, ON, August 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from June to July 2018. Highlights: National home sales rose 1.9% from June to July. Actual (not seasonally adjusted) activity was down 1.3% from July 2017. The number of newly listed homes edged…

Data Related to Nearby Schools Added to Listings on REALTOR.ca

Ottawa, ON August 1st, 2018 – Canadian parents have always asked their REALTORS® about nearby schools when considering a new home and starting today they’ll be able to access school catchment information when looking at property listings on REALTOR.ca, Canada’s #1 real-estate website. New school catchment information on REALTOR.ca will rollout nationally in phases, with…

Canadian home sales activity improves in June

Ottawa, ON, July 16, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from May to June 2018. Highlights: National home sales rose 4.1% from May to June. Actual (not seasonally adjusted) activity was down 10.7% from June 2017. The number of newly listed homes eased…

Canadian home sales at five-year low in May

Ottawa, ON, June 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were little changed from April to May 2018. Highlights: National home sales edged down 0.1% from April to May. Actual (not seasonally adjusted) activity was down 16.2% from May 2017. The number of newly listed…

CREA Updates Resale Housing Market Forecast

Ottawa, ON, June 15, 2018 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to…

Ottawa, ON, May 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018. Highlights: National home sales fell 2.9% from March to April. Actual (not seasonally adjusted) activity was down 13.9% from April 2017. The number of newly listed homes declined 4.8%…

Canadian home sales improve slightly in March

Ottawa, ON, April 13, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales edged higher from February to March 2018. Highlights: National home sales inched up 1.3% from February to March. Actual (not seasonally adjusted) activity was down 22.7% from last year’s all-time March record. The number of…

Canadian home sales fall further in February

Ottawa, ON, March 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined further in February 2018. Highlights: National home sales declined by 6.5% from January to February. Actual (not seasonally adjusted) activity was down 16.9% year-over-year (y-o-y) in February. The number of newly listed homes recovered…

CREA Updates and Extends Resale Housing Market Forecast

Ottawa, ON, March 15, 2018 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2018 and extended the outlook to 2019. Housing market fundamentals remain supportive in many parts of the country. By the…

Ottawa, ON, February 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell sharply in January 2018. Highlights: National home sales declined by 14.5% from December 2017 to January 2018. Actual (not seasonally adjusted) activity was down 2.4% year-over-year (y-o-y) in January. The number of newly listed…

Ottawa, ON, January 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA), show national home sales continued to climb in December 2017. Highlights: National home sales rose 4.5% from November to December. Actual (not seasonally adjusted) activity was up 4.1% year-over-year (y-o-y). The number of newly listed homes climbed 3.3% from…

Canadian home sales post solid gain in November

Ottawa, ON, December 14, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales rose strongly in November 2017. Highlights: National home sales rose 3.9% from October to November. Actual (not seasonally adjusted) activity was up 2.6% from November 2016. The number of newly listed homes climbed 3.5%…

CREA Updates National Resale Housing Market Forecast

Ottawa, ON, December 14, 2017 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2017 and 2018. Housing market trends continue to diverge considerably among regions along four general themes: British Columbia; the Greater…

Canadian home sales edge up again in October

Ottawa, ON, November 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Highlights: National home sales rose 0.9% from September to October. Actual (not seasonally adjusted) activity stood 4.3% below last…

The Canadian Real Estate Association names Michael Bourque as new Chief Executive Officer

Ottawa, ON (October 27, 2017) – The Canadian Real Estate Association (CREA) today announced that Michael Bourque has accepted the role of Chief Executive Officer (CEO), effective later this year. “On behalf of CREA’s Board of Directors, we are delighted Michael accepted the role of CEO,” said Andrew Peck, CREA President. “The real estate profession…

Canadian home sales edge up again in September

Ottawa, ON, October 13, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in September rose modestly from the previous month but remained down from levels recorded one year ago. Highlights: National home sales rose 2.1% from August to September. Actual (not seasonally adjusted) activity stood 11%…

The Canadian Real Estate Association Achieves Excellence Canada Gold Level Certification

Ottawa, ON, October 27, 2016 — The Canadian Real Estate Association (CREA) is pleased to announce that it has achieved Gold Level certification in the Excellence, Innovation and Wellness (EIW) Standard of Excellence Canada. Key attributes of a Gold level certification include an organization-wide focus on excellence, innovation and wellness issues; meeting and exceeding strategic goals;…

Bank of Canada keeps rates on hold, lowers growth outlook

The Bank of Canada announced on October 19th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent. The announcement and accompanying Monetary Policy Report (MPR) indicated that: Canadian economic growth will be lower than previously expected, “due in large part to slower near-term housing resale activity and a lower…

Canadian home sales edge up in September

Ottawa, ON, October 14, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged slightly higher in September 2016 compared to August. Highlights: National home sales edged up 0.8% from August to September. Actual (not seasonally adjusted) activity in September rose 4.2% year-over-year (y-o-y). The number of…

Canadian home sales decline further in August

Ottawa, ON, September 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined for a fourth consecutive month in August 2016. Highlights: National home sales fell 3.1% from July to August. Actual (not seasonally adjusted) activity came in 10.2% above August 2015. The number of newly…

CREA Updates Resale Housing Forecast

Ottawa, ON, September 15, 2016 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2016 and 2017. Canadian housing market trends have largely evolved in line with previous expectations over the second quarter of…

Bank of Canada keeps interest rates on hold

The Bank of Canada announced on September 7th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent. The Bank acknowledged that inflation risks were “tilted more to the downside since July” when it published its most recent economic forecast. Normally, this would signal that it may lower interest rates…

Canadian home sales post third consecutive decline in July

Ottawa, ON, August 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined for a third consecutive month in July 2016. Highlights: National home sales fell 1.3% from June to July. Actual (not seasonally adjusted) activity came in 2.9% below July 2015. The number of newly…

Canadian home sales decline further in June

Ottawa, ON, July 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in June 2016. Highlights: National home sales fell 0.9% from May to June. Actual (not seasonally adjusted) activity came in 5.2% above June 2015. The number of newly listed homes rose 2.2%…

Bank of Canada again keeps interest rates on hold

The Bank of Canada announced on July 13th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent. The announcement repeated many of the themes from its announcements and Monetary Policy Reports (MPRs) published in late 2015 and early 2016. Chief among these themes is how the Bank is still…

Canadian home sales drop in May following April’s record

Ottawa, ON, June 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales dropped in May 2016 after having set an all-time monthly record in April. Highlights: National home sales dropped 2.8% from April to May. Actual (not seasonally adjusted) activity was up 9.6% compared to May…

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