Canadian home sales decline further in June

Posted by on Jul 15, 2016 in CREA News

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% from May to June. The MLS® Home Price Index (HPI) rose 13.6% year-over-year in June. The national average sale price climbed 11.2%...

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Bank of Canada again keeps interest rates on hold

Posted by on Jul 14, 2016 in CREA News

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 counting on the continuation of low interest rates and stronger U.S. economic growth to buoy Canadian exporters amid ongoing weakness in Canadian...

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