Category Archives: CREA News

Canadian home sales decline further in June

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.\nHighlights:\n\nNational home sales fell 0.9% from May to June.\nActual (not seasonally adjusted) activity came in 5.2% above June 2015.\nThe number of newly listed homes rose 2.2% from May to June.\nThe…
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Bank of Canada again keeps interest rates on hold

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.\nThe 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…
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Canadian home sales drop in May following April’s record

Ottawa, ON, June 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales dropped in May 2016 after having set an all-time monthly record in April.\nHighlights:\n\nNational home sales dropped 2.8% from April to May.\nActual (not seasonally adjusted) activity was up 9.6% compared to May 2015.\nThe number of…
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CREA Updates Resale Housing Forecast

Ottawa, ON, June 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 resale housing market trends that defined 2015 have intensified. National sales activity and average prices reached new…
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