Jun 15, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity softened in May 2012 compared to April.
Highlights:
- Home sales down 3.1% from April to May.
- Actual (not seasonally adjusted) up 9% from levels in May 2011.
- The year-over-year increase continues to reflect the slowdown in sales a year ago following changes to mortgage rules that came into effect in March 2011.
- The number of newly listed homes edged up 0.3% from April to May.
- Easing sales activity and a small uptick in new listings resulted in a more balanced national housing market.
- The national average home price edged down 0.3% on a year-over-year basis in May.
For the full report, click
here.
For CREA’s updated housing forecast, click
here.
Mar 12, 2012 | CREA/OREA/RECO News |
CREA’s new television ad airs starting today. Â Check it out online!
Feb 7, 2012 | CREA/OREA/RECO News |
REALTOR.ca has new features and tools to improve the user experience of REALTOR.ca.
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Feb 7, 2011 | CREA/OREA/RECO News |
Changes to Mortgage Rules – A message from CREA
As anticipated in CREA’s Call to Action, the government announced three loan financing changes designed to address concerns about increasing levels of household debt. The government announcement can be found at www.fin.gc.ca/n11/11-003-eng.asp. (more…)
Feb 20, 2009 | MLS®, Stats & Technology |
On Thursday, February 26th the ICX.ca website will be re-launched, introducing new graphics, new simple search options, and interactive mapping. Consumers can access the site by putting www.ICX.ca in their web browser, or by selecting the Commercial Listings option on the front page of the REALTOR.ca website. According to Comscore, an independent internet monitoring company, there were 172,000 unique visitors to the existing ICX.ca website in January 2009, compared to 115,000 unique visitors in January 2008.
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Feb 19, 2009 | CREA/OREA/RECO News |
The monetary penalties called for in the 2008 legislation went into effect on December 30, 2008.
Violations are classified by the Regulations as “Minor”, Serious or “Very Seriousâ€, and carry maximum penalties accordingly. The Administrative Monetary Penalty (AMP) program also has maximum penalties for individuals and entities (e.g. corporations) as follows:
Minor (individual/entity): $1 to $1,000
Serious (individual/entity): $1 to $100,000
Very Serious (individual): $1 to $100,000
Very Serious (entity): $1 to $500,000
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Feb 15, 2009 | CREA/OREA/RECO News |
Now that we have passed the 31 day implementation “grace period” for the national Do-Not-Call List, a number of private companies are staging online or email promotions about services offered to help brokerages comply. These should NOT be confused with any requirement to subscribe to the national Do-Not-Call List.
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Feb 12, 2009 | CREA/OREA/RECO News |
The Canadian Real Estate Association (CREA) welcomes the federal government initiatives to stimulate economic growth outlined in the 2009 budget, especially those that will encourage home ownership in Canada. The association applauds the government for recognizing the economic importance of the housing industry in some of the budget measures. “The change announced to the popular Home Buyers’ Plan will help Canadians who want to own their own home, and do it in a responsible way that is not a major drain on taxpayers,” says the President of The Canadian Real Estate Association (CREA), Calvin Lindberg.
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