Bank of Canada cuts rate


Posted By on Jul 16, 2015

Thu, 07/16/2015 – 13:30 The Bank of Canada announced on July 15th, 2015 that it was lowering its trend-setting target overnight lending rate from 0.75 per cent to 0.50 per cent. The move follows another cut of the same size in January. The Bank of Canada announced on July 15th, 2015 that it was lowering its trend-setting target overnight lending rate from 0.75 per cent to 0.50 per cent. The move follows another cut of the same...

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Wed, 07/15/2015 – 09:00 Ottawa, ON, July 15, 2015– According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in June 2015. Highlights: National home sales edged back by 0.8% from May to June. Actual (not seasonally adjusted) activity stood 11% above June 2014 levels. The number of newly listed homes edged down 0.2%...

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Mon, 06/15/2015 – 09:00 Ottawa, ON, June 15, 2015 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a fourth consecutive month-over-month increase in May 2015. Highlights: National home sales rose 3.1% from April to May. Actual (not seasonally adjusted) activity stood 2.7% above May 2014 levels. The number of newly listed homes was little changed...

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CREA Updates Resale Housing Forecast


Posted By on Jun 12, 2015

Mon, 06/15/2015 – 08:58 Ottawa, ON, June 15 2015 – 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 for 2015 and 2016. While oil prices have firmed up recently, they remain well down from where they were a year ago and their outlook remains uncertain. The extent to which lower...

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Bank of Canada stays on the sidelines


Posted By on May 29, 2015

Fri, 05/29/2015 – 09:45 Ottawa, ON, May 29, 2015 –The Bank of Canada announced on May 27th, 2015 that it was keeping its trend-setting overnight lending rate at 0.75 per cent. The Bank of Canada announced on May 27th, 2015 that it was keeping its trend-setting overnight lending rate at 0.75 per cent. Economic growth in the first quarter was weaker than the Bank expected, but it “expects a return to solid growth in...

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