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.\nKey attributes of a Gold level certification include an organization-wide focus on excellence, innovation and wellness issues; meeting and exceeding strategic goals; positive…Read more
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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.\nThe announcement and accompanying Monetary Policy Report (MPR) indicated that:\n\nCanadian economic growth will be lower than previously expected, “due in large part to slower near-term housing resale activity and a lower [growth] trajectory…Read more
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.\nHighlights:\n\nNational home sales edged up 0.8% from August to September.\nActual (not seasonally adjusted) activity in September rose 4.2% year-over-year (y-o-y).\nThe number of newly listed homes ticked…Read more
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.\nHighlights:\n\nNational home sales fell 3.1% from July to August.\nActual (not seasonally adjusted) activity came in 10.2% above August 2015.\nThe number of newly listed homes declined 2.7%…Read more
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