Category Archives: CREA News

CREA Updates Resale Housing Forecast

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.\nCanadian housing market trends have largely evolved in line with previous expectations over the second quarter of 2016,…
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Canadian home sales decline further in August

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%…
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Bank of Canada keeps interest rates on hold

The Bank of Canada announced on September 7th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.\nThe Bank acknowledged that inflation risks were “tilted more to the downside since July” when it published its most recent economic forecast. Normally, this would signal that it may lower interest rates in…
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Canadian home sales post third consecutive decline in July

Ottawa, ON, August 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined for a third consecutive month in July 2016.\nHighlights:\n\nNational home sales fell 1.3% from June to July.\nActual (not seasonally adjusted) activity came in 2.9% below July 2015.\nThe number of newly listed homes rose 1.2%…
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