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...

Read More

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...

Read More

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...

Read More

Canadian home sales up again in April


Posted By on May 14, 2015

Fri, 05/15/2015 – 09:00 Ottawa, ON, May 15, 2015– According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted a third consecutive month-over-month increase in April 2015. Highlights: National home sales rose 2.3% from March to April. Actual (not seasonally adjusted) activity stood 10% above April 2014 levels. The number of newly listed homes was little changed...

Read More