Posted by admin on Nov 15, 2016 in CREA News
Ottawa, ON, November 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in October 2016. Highlights: National home sales rose 2.4% from September to October. Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016. The number of newly listed homes edged up 1.7% from September to October. The MLS® Home Price Index (HPI) in October was up...
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Posted by admin on Oct 31, 2016 in CREA News
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; positive results achieved across all areas/departments of the organization; and...
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Posted by admin on Oct 20, 2016 in CREA News
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 [growth] trajectory for exports.” The economy is now on track to “[return] to full capacity around mid-2018,” which is...
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Posted by admin on Oct 14, 2016 in CREA News
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 newly listed homes ticked up 0.5% from August to September. The MLS® Home Price Index (HPI) in September...
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Posted by admin on Sep 15, 2016 in CREA News
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 listed homes declined 2.7% from July to August. The MLS® Home Price Index (HPI) rose 14.7% year-over-year in August. The...
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Posted by admin on Sep 15, 2016 in CREA News
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 2016, with the exception of sales activity in British Columbia and Ontario. Sales in the Lower Mainland of British...
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