CREA Updates National Resale Housing Market Forecast

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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… View More >

Canadian home sales edge up again in October

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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… View More >

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

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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… View More >

Canadian home sales edge up again in September

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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%… View More >

Canadian home sales edge up in August

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Ottawa, ON, September 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017. Highlights: National home sales rose 1.3% from July to August. Actual (not seasonally adjusted) activity stood 9.9% below last August’s level. The number of newly listed homes… View More >

CREA Lowers National Resale Housing Market Forecast

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Ottawa, ON, September 15, 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… View More >

Canadian home sales fall further in July

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Ottawa, ON, August 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017. Highlights: National home sales fell 2.1% from June to July. Actual (not seasonally adjusted) activity in July stood 11.9% below last July’s level. The number of newly listed homes… View More >

Bank of Canada boosts rates by ¼ point

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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 >

Canadian home sales drop again in June

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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 >

Canadian home sales drop sharply in May

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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 >