Search Results for: 25

Ottawa, ON, April 30, 2018 –  The Canadian Real Estate Association (CREA) is proposing an amendment to Bill C-45 that would result in a moratorium on home cultivation of cannabis until the governments can enact rules and regulations for the entire country. While speaking in front of Senate Standing Committee on Social Affairs, Science and… View More >

In line with financial market expectations, the Bank of Canada announced on March 7, 2018 it was keeping its trend-setting overnight lending rate unchanged at 1.25%. Here are the four main reasons why the Bank held interest rates steady: Fourth quarter Canadian economic growth came in weaker than expected. That means inflationary pressures are lower… View More >

In line with financial market expectations, the Bank of Canada announced on January 17, 2018 it was raising its trend-setting overnight lending rate by a quarter point to 1.25%. Although the interest rate hike comes amid solid Canadian economic data, the Bank expects economic growth to slow from this point forward. Additionally, the Bank highlighted… View More >

On October 25, 2017, the Bank of Canada announced it was keeping its trend-setting overnight lending rate on hold at 1%. The rate rose by 0.25% in July and again in September. Since then, the Bank has cautioned that future interest rate increases depend on whether economic data suggest that inflation is starting to percolate…. View More >

The Canadian Real Estate Association (CREA) would like to applaud the government for amending its tax proposals for personal incorporation and listening to the views and concerns of CREA’s 125,000 REALTOR® members. “We were pleased to take part in the consultations and appreciate the government took time to carefully consider the feedback we offered, said… View More >

The Bank of Canada announced on September 6, 2017, it was further raising its trend-setting overnight lending rate from 0.75% to 1%. The rate rose by 0.25% in July, meaning the latest September increase fully unwinds the half-percentage point by which the Bank dropped interest rates in early 2015 after oil prices suddenly dropped in… View More >

Says economy has now adjusted to lower oil prices The Bank of Canada announced on July 12th, 2017 that it was raising its trend-setting overnight lending rate from 0.5% to 0.75%. The increase partially unwinds the half-percentage point by which the Bank dropped interest rates in early 2015 following the sudden drop in oil prices… View More >

Ottawa, ON, July 17, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017. Highlights: National home sales dropped 6.7% from May to June. Actual (not seasonally adjusted) activity in June stood 11.4% below last June’s level. The number of newly listed homes… View More >

Ottawa, ON, June 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017. Highlights: National home sales dropped 6.2% from April to May. Actual (not seasonally adjusted) activity in May stood 1.6% below last May’s level. The number of newly… View More >

Ottawa, ON, March 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017. Highlights: National home sales rose 5.2% from January to February. Actual (not seasonally adjusted) activity in February was down 2.6% from a year earlier. The… View More >