September 15, 2023 Canadian Home Sales Fall Back in August Ottawa, ON, September 15, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in August 2023. Highlights: National home sales declined 4.1% month-over-month in August. Actual (not seasonally adjusted) monthly activity came […]
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Canadian Home Sales Ease Again in September
October 13, 2023 Canadian Home Sales Ease Again in September Ottawa, ON, October 13, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in September 2023. Highlights: National home sales declined 1.9% month-over-month in September. Actual (not seasonally adjusted) monthly activity came […]
CREA Lowers Resale Housing Market Forecast on ‘Higher for Longer’ Rates
October 13, 2023 CREA Lowers Resale Housing Market Forecast on ‘Higher for Longer’ Rates Ottawa, ON October 13, 2023 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations for 2023 and 2024. […]
Canadian Home Sales See Downward Trend Continue in October
November 15, 2023 Canadian Home Sales See Downward Trend Continue in October Ottawa, ON, November 15, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023. Highlights: National home sales fell 5.6% month-over-month in October. Actual (not seasonally adjusted) monthly activity […]
The Canadian Real Estate Association names Janice Myers as new Chief Executive Officer
November 28, 2023 The Canadian Real Estate Association names Janice Myers as new Chief Executive Officer Ottawa, ON (November 28, 2023) – The Canadian Real Estate Association (CREA) announced today that Janice Myers has accepted the role of Chief Executive Officer (CEO), effective January 2, 2024. “We are delighted to welcome Janice as our new […]
Canadian Home Sellers Joining Buyers on the Sidelines
December 14, 2023 Canadian Home Sellers Joining Buyers on the Sidelines Ottawa, ON, December 14, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023. Highlights: National home sales edged back 0.9% month-over-month in November. Actual (not seasonally adjusted) […]
REALTOR® Cooperation Policy Does Not Ban “Exclusives”
January 9, 2024 REALTOR® Cooperation Policy Does Not Ban “Exclusives” Ottawa, ON, January 9, 2024 – The REALTOR® Cooperation Policy, which came into effect on January 3, 2024, maximizes opportunities to bring together property buyers and sellers, without affecting a REALTORS®’ ability to offer exclusive representation. Canadian home buyers and sellers are almost always better […]
Canadian Home Sales See Unexpected Surge to Close Out 2023
January 15, 2024 Canadian Home Sales See Unexpected Surge to Close Out 2023 Ottawa, ON January 15, 2024 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023. Highlights: National home sales jumped 8.7% month-over-month in December. Actual (not seasonally […]
Statement on extension to the Prohibition on the Purchase of Residential Property by Non-Canadians Act
February 5, 2024 Statement on extension to the Prohibition on the Purchase of Residential Property by Non-Canadians Act Ottawa, ON, February 5, 2024 – Yesterday, the federal government announced its intention to extend the Prohibition on the Purchase of Residential Property by Non-Canadians Act (foreign buyer ban), which had originally been set to expire January […]
Bank of Canada Holds Policy Rate at 5%, No Movement Likely Until Second Half of 2024
March 7, 2024 Bank of Canada Holds Policy Rate at 5%, No Movement Likely Until Second Half of 2024 In a scheduled announcement on Wednesday, March 6, 2024, the Bank of Canada decided to maintain its target for the overnight lending rate at 5% as was widely expected. This was its fifth consecutive hold after […]
CREA Monitoring NAR Settlement Announcement
March 15, 2024 CREA Monitoring NAR Settlement Announcement Ottawa, ON, March 15, 2024 – The Canadian Real Estate Association (CREA) is closely monitoring today’s announcement from the National Association of REALTORS® (NAR). The Canadian Real Estate Association (CREA) is closely monitoring today’s announcement from the National Association of REALTORS® (NAR) that it has agreed to […]
Canadian Home Prices See Sudden End to Declines in Advance of Spring Market
March 18, 2024 Canadian Home Prices See Sudden End to Declines in Advance of Spring Market Ottawa, ON March 18, 2024 – Canadian home prices as measured by the seasonally adjusted Aggregate Composite MLS® Home Price Index (HPI) were flat on a month-over-month basis in February 2024, ending a streak of five declines that began […]
CREA Forecasts Rebound in Residential Property Sales
April 12, 2024 CREA Forecasts Rebound in Residential Property Sales Ottawa, ON April 12, 2024 – According to the latest quarterly forecast from the Canadian Real Estate Association (CREA), Interest rates are expected to continue to be the major factor affecting Canadian housing markets into 2024 and 2025. According to the latest quarterly forecast from […]
Hints of Active Spring Market in March Housing Data
April 12, 2024 Hints of Active Spring Market in March Housing Data Ottawa, ON April 12, 2024 – While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March 2024, according to the latest data from the […]
CREA Applauds Federal Government’s “All Hands On Deck” Approach to Tackling Canada’s Housing Crisis
April 12, 2024 CREA Applauds Federal Government’s “All Hands On Deck” Approach to Tackling Canada’s Housing Crisis Ottawa, ON April 12, 2024 For years, REALTORS® across Canada have been advocating for collaboration between governments, industry, civil society and the Canadian public to tackle the country’s housing crisis. The Canadian Real Estate Association (CREA) applauds the […]
Canadian Home Sales Showing Signs of Recovery
Canadian Home Sales Showing Signs of Recovery Ottawa, ON February 14, 2024 – Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association (CREA). Home sales activity recorded over Canadian MLS® Systems rose 3.7% between […]