Latest news
Episode 1: Terry O’Reilly
Buying or selling a home isn’t just a financial decision. It’s an emotional one. In our inaugural episode of REAL TIME, we chat with award-winning marketer and radio icon Terry O’Reilly about the changing landscape of real estate—and how brand storytelling, innovation,
moreEpisode 1:Terry O’Reilly – REALTORS® and the Importance of Emotional Connections
This podcast is about brand storytelling. We’ll explore the crucial connection between REALTORS® and the emotional aspects of home buying and how to use those key elements to add value to your client relationships and the sales process.
moreBank of Canada announces emergency interest rate cut
In an emergency announcement on March 13th, 2020 the Bank of Canada announced a 0.5% reduction in its trend-setting overnight lending rate from 1.25% to 0.75%. This was a further reduction from the 0.5% cut announced just 9 days earlier at the
more
Canadian home sales up in February
As providers of the most accurate and timely housing data and statistics, CREA cannot credibly update its quarterly forecast at this time. Ottawa, ON, March 16, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales
moreBank of Canada cuts interest rates in response to rising global economic risks
In line with financial market expectations, the Bank of Canada announced, on March 4, it was lowering its trend-setting overnight lending rate by 50 basis points from 1.75% to 1.25%. This was the first change in the overnight lending rate since October
moreChanges to the mortgage stress test
Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test. The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will
more
Canadian home sales down in January
Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. Highlights: National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January. Actual
more
CREA’s Chief Economist, Gregory Klump, retires after 28 years
Ottawa, ON, February 11, 2020 – Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years. Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s
more
Canadian home sales inch lower in December
Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. Highlights: National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December. Actual (not
more
Canadian home sales edge higher in November
Ottawa, ON, December 16, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued to edge higher in November 2019. Highlights: National home sales rose 0.6% month-over-month (m-o-m) basis in November. Actual (not seasonally adjusted)
more
Canadian home sales hold steady in October
Ottawa, ON, November 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019. Highlights: National home sales held steady on a month-over-month (m-o-m) basis in October. Actual (not
more
Canadian home sales rise again in September
Ottawa, ON, October 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up slightly in September 2019. Highlights: National home sales rose 0.6% month-over-month (m-o-m) in September. Actual (not seasonally adjusted) activity was
moreAltus Group Partners with The Canadian Real Estate Association and its Member Real Estate Boards and Associations to Expand the MLS® Home Price Index Nationally
Advanced AVM technology from Altus Group combined with extensive data from real estate boards and associations delivers first national Canadian index making it one of largest and most comprehensive in the world TORONTO (October 2, 2019) — Altus Group Limited (“Altus Group”)
moreStatement from The Canadian Real Estate Association in response to the Conservative Party housing measures announcement
Ottawa, ON, September 23, 2019 — With Election 2019 underway, CREA welcomes today’s announcement that a Conservative government would introduce new measures to make it easier for first-time homebuyers to buy a home. “REALTORS® have long asked for common-sense solutions designed to
more
Canadian home sales edge higher in August
Ottawa, ON, September 16, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in August 2019. Highlights: National home sales rose 1.4% month-over-month (m-o-m) in August. Actual (not seasonally adjusted) activity was up
more
Quarterly Forecast
CREA Updates Resale Housing Market Forecast Ottawa, ON, September 16, 2019 – 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
moreStatement from The Canadian Real Estate Association in response to the Liberal Party FTHBI announcement
Ottawa, ON, September 12, 2019 — With Election 2019 barely underway, CREA welcomes today’s announcement that a Liberal government would extend the eligibility requirements for the First Time Home Buyers’ Incentive (FTHBI) so that Canadians in higher priced markets can take advantage of
moreThe Canadian Real Estate Association launches its Election 2019 REALTOR® Resource Hub
Ottawa, ON, September 12, 2019 — The Canadian Real Estate Association (CREA) has launched an Election 2019 Resource Hub for REALTORS® called REALideas to share policy proposals to help Canadians achieve their homeownership aspirations. “Housing affordability is top of mind to Canadians who have
more
Canadian home sales rise in July
Ottawa, ON, August 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in July 2019 compared to June. Highlights: National home sales rose 3.5% month-over-month (m-o-m) in July. Actual (not seasonally adjusted)
more
Canadian home sales hold steady in June
Ottawa, ON, July 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month. Highlights: National home sales edged back 0.2% month-over-month (m-o-m) in June. Actual
more
Canadian home sales rise again in May 2019
Ottawa, ON, June 14, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019. Highlights: National home sales rose 1.9% month-over-month (m-o-m) in May. Actual (not seasonally adjusted) activity was up 6.7%
more
Quarterly Forecasts
CREA Updates Resale Housing Market Forecast Ottawa, ON, June 14, 2019 – 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 in 2019
more
Canadian home sales rise in April 2019
Ottawa, ON, May 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed in April 2019. Highlights: National home sales improved by 3.6% month-over-month (m-o-m) in April. Actual (not seasonally adjusted) activity was up
moreCREA supports efforts to crack down on money laundering
Ottawa, ON, May 14, 2019 — Recent reports highlight real estate in Canada can be a haven for money launderers due to its stability and value. The Canadian Real Estate Association (CREA) fully supports governments’ efforts to crack down on money laundering. CREA
more