Posted by superadmin 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 superadmin 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 superadmin 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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