In the News — Anti-spam legislation
Canada’s anti-spam legislation will take effect July 1, 2014. (more…)
Canadian home sales little changed in February
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was little changed in February 2014 on a month-over-month basis.
Highlights:
- National home sales edged up 0.3% from January to February.
- Actual (not seasonally adjusted) activity stood 1.9% above February 2013 levels.
- The number of newly listed homes edged up 0.6% from January to February.
- The Canadian housing market remains in balanced territory.
- The national average sale price rose 10.1% on a year-over-year basis in February.
- The MLS® Home Price Index (HPI) rose 5.1% year-over-year in February.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations was little changed from January to February 2014, edging up just three tenths of one per cent. The February result follows five straight monthly declines and leaves activity 9.3 per cent below the peak reached in August 2013.
Read the complete report here.
Local News – Hamilton receives six awards
Hamilton’s Economic Development Department (EcDev) took home six awards from the Economic Developers Council of Ontario’s 57th Annual Conference and Showcase in February. (more…)
Canadian home sales moderate further in January
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity posted its fifth consecutive month-over-month decline in January 2014.
Highlights:
- National home sales fell 3.3% from December to January.
- Actual (not seasonally adjusted) activity stood 0.4% above January 2013 levels.
- The number of newly listed homes edged up 0.2% from December to January.
- The Canadian housing market remains in balanced territory.
- The national average sale price rose 9.5% on a year-over-year basis in January.
- The MLS® Home Price Index (HPI) rose 4.8% year-over-year in January.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems fell 3.3 per cent on a month-over-month basis in January 2014. This marks the fifth straight monthly decline, and leaves activity 9.1 per cent below the peak reached in August 2013.
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City News
Reminder from the City of Hamilton – Snow Off Sidewalks (more…)
Canadian home sales moderate further in December
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity posted its third consecutive month-over-month decline in December 2013.
Highlights:
- National home sales fell 1.8% from November to December.
- Actual (not seasonally adjusted) activity stood 12.9% above weak December 2012 levels.
- The number of newly listed homes dropped 4.3% from November to December.
- The Canadian housing market remains in balanced territory.
- The national average sale price rose 10.4% on a year-over-year basis in December.
- The MLS® Home Price Index (HPI) rose 4.3% year-over-year in December.
Read the details here.
Canadian home sales edge higher in September
According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a small month-over-month increase in September 2013.
Highlights:
- National home sales edged up by 0.8% from August to September.
- Actual (not seasonally adjusted) activity came in 18.2% above levels in September 2012.
- The number of newly listed homes declined by 1.4% from August to September.
- The Canadian housing market has tightened but continues to remain balanced.
- The national average sale price rose 8.8% on a year-over-year basis in September.
- The MLS® Home Price Index (HPI) rose 3.1% year-over-year in September.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems edged up a modest eight-tenths of one percent on a month-over-month basis in September 2013.
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2013 CMHC Housing Outlook Sessions: Profiling the Echo Boomer
On November 19, CMHC will present its annual Housing Outlook Seminar in the Hamilton-Burlington area. This seminar will provide you with leading edge expertise that focuses on the profile of the Echo Boomer generation and their effect on local housing market trends, and will also give you an opportunity to: (more…)
Niagara to GTA Corridor Planning and Environmental Assessment Study – Final Transportation Development Strategy
The Ontario Ministry of Transportation (MTO) has announced that the NGTA Transportation Development Strategy Report has been finalized. (more…)
CREA updates resale housing forecast
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 2013 and 2014.
CREA’s previous two forecasts anticipated that national sales activity in 2013 would improve following the slow start to the year, buoyed by the continuation of low interest rates amid a constructive economic backdrop and the return of buyers who deferred purchase decisions or were otherwise sidelined in the wake of tighter mortgage rules and lending guidelines implemented last year.
Read more here.
Canadian home sales up in August
According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a month-over-month increase in August 2013.
Highlights:
- National home sales rose 2.8% from July to August.
- Actual (not seasonally adjusted) activity came in 11.1% above levels in August 2012.
- The number of newly listed homes was up 1.8% from July to August.
- The Canadian housing market has tightened but remains in balanced territory.
- The national average sale price rose 8.1% on a year-over-year basis in August.
- The MLS® Home Price Index (HPI) rose 2.9% year-over-year in August.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems rose 2.8 per cent on a month-over-month basis in August 2013. The number of local markets where sales improved on a month-over-month basis ran roughly even with those where activity edged lower in August, with increases in major urban centres tipping the balance.
Read the entire report here.
Canadian home sales improve in June
According to statistics released by The Canadian Real Estate Association (CREA), national home sales rose in June 2013, building on gains recorded over the previous three months.
Highlights:
- National home sales rose 3.3% from May to June.
- Actual (not seasonally adjusted) activity came in 0.6% below levels in June 2012.
- The number of newly listed homes edged down 0.5% from May to June.
- The Canadian housing market has tightened but remains in balanced territory.
- The national average sale price rose 4.8% on a year-over-year basis in June.
- The MLS® HPI rose 2.3% year-over-year in June.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada rose 3.3 per cent on a month-over-month basis in June 2013. This marks the fourth consecutive monthly increase, with activity now running 11 per cent above where it stood in February.
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