CREA Canadian Real Estate Association | Hearth & Home Realty Inc. Brokerage

CREA revises home sales forecast

Posted by: Tamer Fahmi in Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Aug 31, 2011

OTTAWA – The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012.

Overall, sales activity and prices remained stronger than expected in the second

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Realtors predict slowing growth of home sales under tighter mortgage rules

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hearth Home, Hamilton Real Estate, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 16, 2011

March 15, 2011 Toronto Star Mary Gazze

The national average price for homes rose 8.8 per cent year-over-year in February, but a group of Canada's realtors suggest they might not stay at those levels for much longer as stricter mortgage rules come into effect.

The Canadian Real Estate Association

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Finance Minister announces new mortgage rules.

Posted by: Tamer Fahmi in Ontario, Market Activity, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate, Announcement on Jan 18, 2011

Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, announced the following adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada's housing market.

Reduce the maximum amortization period to 30 years from

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Canadian real estate market stronger than expected

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hamilton Real Estate, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Jan 14, 2011

Low interest rates should continue to stabilize Canada's resale housing market but the average national price and sales volumes will likely decline from last year, the Canadian Real Estate Association said Friday.

"The hand off to 2011 for sales activity in the fourth quarter suggests that the

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Demand and supply coming into balance in resale market

Posted by: Tamer Fahmi in Sales, Ontario, Market Activity, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 26, 2010

OTTAWA - March 15th, 2010 - With rising activity in Toronto offset by lower activity in Vancouver, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards edged lower in February. In recent months, national sales activity has slowed while new

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MLS® home sales forecast revised

Posted by: Tamer Fahmi in Statistics, Market Activity, Hamilton Real Estate, Future Outlook, Economy, CREA Canadian Real Estate Association, burlington real estate in 2009, Burlington Real Estate on Aug 28, 2009

Have you noticed that the pace in the real estate market has regained momentum lately? Well your observations are accurate, according to the latest REALTORLink® News Release by the Canadian Real Estate Association (CREA).

Mr. Dale Ripplinger

2009/10 CREA President

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CREA President comments on the Canadian real estate market

Posted by: Tamer Fahmi in Market Activity, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Oct 26, 2008

Calvin Lindberg - 2008 CREA President

Cal Lindberg

The President of The Canadian Real Estate Association, Cal Lindberg, explains why the Canadian real estate market will not follow the trends in the United States, and why there will not be a major decline in the value of Canadian homes. Click below for streaming video Podcast.

October,

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New MLS® residential listing levels reach new heights in July

Posted by: Tamer Fahmi in Statistics, Market Activity, Future Outlook, Economy, CREA Canadian Real Estate Association on Sep 05, 2008

OTTAWA - August 29th, 2008 - The number of new listings of homes for sale on the Multiple Listing Service® (MLS®) of all real estate Boards in Canada set a new record in July 2008, according to MLS® statistics released by The Canadian Real Estate Association (CREA).

New MLS® residential listings

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Bank rate cut again in March

Posted by: 0 in Government, Economy, CREA Canadian Real Estate Association on Apr 03, 2008

The Bank of Canada cut its benchmark overnight lending rate by one-half of one percentage point to 3 1/2 per cent on March 4th, and signaled further cuts in the near future. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, now stands at 3.75 per

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CREA Real Estate Economic Outlook - 2008

Posted by: 0 in Market Activity, Future Outlook, Economy, CREA Canadian Real Estate Association on Jan 27, 2008

Read this recent message sent by Ms. Ann Bosley, 2007 CREA President, to all Canadian Real Estate boards and Associations;