Canadian Real Estate & Housing Market News RSS | Lisa Tollis,Sales Representative Royal LePage State Realty, Brokerage. Hamilton Ontario Real Estate.

Canadian Real Estate & Housing Market News

CREA News
Resale housing forecast revised	7/30/2010 7:04 AM
OTTAWA – July 30, 2010 – The Canadian Real Estate Association (CREA) revised its forecast downward for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations, and elevated its average price forecast. Weaker than anticipated sales activity during the crucial spring home buying season in Canada’s four [...]
Bank of Canada raises interest rates further	7/20/2010 2:05 PM
Notes slowing global economic growth The Bank of Canada increased the target for its trend-setting overnight lending rate on July 20, 2010, raising it by a quarter of a percentage point to 0.75 per cent. The increase follows on the heels of an equal interest rate increase in June 2010, when it was raised for [...]
Home sales continue to cool in June	7/15/2010 7:09 AM
Statistics released by The Canadian Real Estate Association (CREA) show that the number of newly listed homes and sales activity declined in June 2010. Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards receded 8.2 per cent in June from the previous month. Led by lower [...]
May brings lower homes sales and fewer new listings	6/16/2010 7:00 AM
OTTAWA – June 16th, 2010 – Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in May. Seasonally adjusted home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined nationally by 9.5 per cent in May from near-record [...]
Resale housing forecast revised	6/2/2010 6:58 AM
OTTAWA – June 2, 2010 – The Canadian Real Estate Association (CREA) has lowered its forecast for home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations. The revision reflects a weaker than expected start to the year in British Columbia, and recent developments that pulled forward the timing [...]
Bank of Canada raises interest rates: Canada becomes first country in G7 to hike	6/2/2010 6:27 AM
For the first time since 2007, the Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to 0.5 per cent on June 1, 2010. The Bank rate was raised to 0.75 per cent and the deposit rate was unchanged at 0.25 per cent, thereby re-establishing the normal [...]
U.S.-Style Home Price Correction Unlikely in Canada	5/26/2010 11:58 AM
The Canadian Real Estate Association (CREA) released a new report today indicating that home prices will stabilize, and will remain stable for some time. This means that Canadian homeowners are unlikely to experience a U.S.-style decline in the value of their homes. “The relationship between average price and income has recently been cited as portending [...]
Canada’s hot resale housing market starting to cool	5/17/2010 6:57 AM
(OTTAWA – May 17, 2010) Home sales activity in Canada came up short of the record for the month of April and new listings continued to climb, according to statistics released by The Canadian Real Estate Association (CREA). Residential sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards numbered 52,042 [...]
Bank of Canada maintains interest rates	4/20/2010 12:23 PM
Signals rate hike in June As was widely expected, the Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on April 20, 2010. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. With the Bank having [...]
Resale market sees nearly 100,000 homes listed for sale in March	4/15/2010 7:01 AM
Homebuyers have more choice heading into the busy spring buying season, with new supply in Canada’s resale housing market setting a record for the month of March. While resale housing demand remains strong, rising numbers of new listings are resulting in a more balanced national resale housing market. According to statistics released by The Canadian [...]