Real Estate News

National resale housing activity edged higher for a second consecutive month in September 2010, according to statistics released by The Canadian Real Estate Association (CREA). Combined with a falling supply of homes on the market, the number of months of inventory also declined for the second consecutive month. Seasonally adjusted national home sales activity...
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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in...
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St. John’s NL – October 24, 2010 - The President of the Canadian Real Estate Association (CREA), Georges Pahud, today welcomed the decision of delegates to its Special General Meeting to approve CREA’s consent agreement with the Commissioner of Competition regarding the case before the Competition Tribunal. “We are pleased that after careful consideration...
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On September 30th, the Canadian Real Estate Association’s (CREA) Board of Directors issued an announcement that it had approved a settlement with the Competition Bureau. That agreement is subject to member Board/Association approval at a special general meeting, which will be held in St. John’s, Newfoundland, on October 24. Since then, CREA and its...
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TORONTO, October 18, 2010 — Greater Toronto REALTORS® reported 3,012 sales through the Multiple Listing Service® (MLS®) during the first two weeks of October 2010. This represented a 17 per cent decrease compared to the 3,631 sales recorded during the same period in 2009. Year-to-date sales amounted to 71,988, representing a three per cent...
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October 5, 2010 — Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per...
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OTTAWA, September 30, 2010 — The value of housing activity related to new home construction, as well as the rental, sale and renovation of existing homes in Canada reached $307 billion 2009, or more than one-fifth of Canada’s total gross domestic product, reports the 2010 Canadian Housing Observer. This flagship publication now in its eighth...
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 Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488. “The prospect of interest rate hikes and new mortgage lending...
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