Sep 21, 2012 | CREA/OREA/RECO News |
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 2012 and 2013.
Since CREA’s last resale housing forecast, mortgage regulations were tightened further, activity in Ontario softened, and the slowdown of sales activity in British Columbia deepened. As a result of these developments, CREA has lowered its forecast for Canadian home sales this year and next. The national average price forecast has also been reduced, reflecting an expected decrease in Ontario’s and British Columbia’s provincial sales as a proportion of national activity.
Click here for the full story.
Sep 21, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity dropped sharply from July to August 2012.
Highlights:
* Home sales down 5.8% from July to August
* Actual (not seasonally adjusted) activity stood 8.9% below levels in August 2011.
* Number of newly listed homes down 1.7% from July to August.
* Housing market remains firmly in balanced territory at the national level.
* National average home price up 0.3% on a year-over-year basis in August.
* The Composite Aggregate Benchmark home price was up 4% in August, its smallest gain in over a year.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada fell 5.8 per cent between July and August 2012, marking the largest month-over-month decline since June 2010.
Click here for the complete story.
Aug 15, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity remained stable from June to July 2012. Prices are off their recent peaks in Greater Vancouver and Greater Toronto, but remain above year-ago levels in most markets.
See the full report here.
Jul 16, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity edged lower on a month-over-month basis in June 2012. Price gains remained strong in Toronto, continued slowing in Greater Vancouver, and accelerated in Calgary.
Read the whole story here.
Jul 10, 2012 | REALTORS Care® |
REALTORS® Ride for Heart
RAHB REALTORS®, along with their friends and families, took to the streets on Friday, June 15 in Ancaster, and on Tuesday, June 19 in Hamilton to participate in two Heart & Stroke “Big Bike Rides”. The RAHB team, a blend of REALTORS® from 15 real estate offices throughout RAHB’s market area, rode on a 30-seat tandem bicycle to help raise awareness and funds for the Heart & Stroke Foundation.
RAHB’s participation in the event was organized by RAHB’s Membership Area Representation Committee (MARC). The teams showed their heart and generosity by raising a combined total of $5,735.
“This was a fabulous opportunity for RAHB members to show their support for a great cause,” noted 2012 MARC Chair Tom Peddle.
This was the fifth Celebrate Your Community event offered by RAHB in which members are encouraged to visit a community in the association’s market area and participate in a community event. Previous events have taken place in Dunnville, Cayuga, Grimsby and Hamilton. Each event has also raised funds for local charities and, to date, over $20,000 has been presented to charities in RAHB’s communities.
Thank you to everyone who participated in the Big Bike Ride and helped raised funds for the Heart & Stroke Foundation!
Charity golf tournament supports HOAP and education
Over 130 golfers and sponsors enjoyed the blue skies over Copetown Woods Golf Club during the REALTORS® Association of Hamilton-Burlington Charity Golf Tournament on Thursday, June 14. The annual tournament raised $15,250 to support RAHB’s Home Ownership Affordability Partnership (HOAP) and the Karan Barker Memorial Scholarship Fund.
“What a great day,” said Bill Kopac, Chair of the Golf Tournament Task Force. “Not only did participants enjoy a day of golfing and networking, but both our affordable housing program and scholarship fund benefited as well.”
The Top Foursome trophy went to John Pocobene, Todd Barker, David Seburn and Miles Kulik. Other prize winners were Pauline Lewis (ladies’ Closest to the Pin), Chuck Vitanza (men’s Closest to the Pin), Suzanne Boyce (ladies’ Closest to the Rope), Mark Biehler (men’s Closest to the Rope), Collin Maddern, Barb Sukkau, Doug Tunis (first, second and third, respectively, Putting Contest) and Kelly Christopherson (50/50 Draw).
Thank you to our golfers, sponsors and donors who made this another successful tournament.
Jun 22, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), the MLS® Home Price Index, the leading measure of Canadian home prices, increased in May 2012.
Highlights:
• The Aggregate Composite MLS® Home Price Index rose 5.2% on a year-over-year basis in May 2012.
• Prices rose further in all five markets and in every Benchmark home category tracked by the index.
• Price increases were biggest in Greater Toronto (7.9%), followed by Calgary (4.8%), Greater Vancouver (3.3%), the Fraser Valley (2.4%), and Montreal (2.2%).
• One-and two-storey single family homes continued to post the biggest year-over-year gains (5.8% and 6.7% respectively), followed by townhouse units (3.3%) and apartment units (2.9%).
To read more, click here.
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 14, 2012 | RAHB News |
The Toronto Real Estate Board (TREB) released the results of an Angus Reid Vision Critical poll. The vast majority of Ontarians clearly expressed their opposition to abandoning the privacy safeguards of the current MLS® system.
Read the entire report here.
Jan 11, 2011 | Member Services, RAHB News |
Let It Snow! Â Let It Snow! Â Let It Snow!
SOS – Snow Off SidewalksÂ
The City of Hamilton’s Snow Removal Bylaw # 03-290 requires that property owners, occupants and businesses clear snow and ice from all City sidewalks surrounding their property within 24 hours of a snowfall. It is illegal to place or throw snow and ice on a road or boulevard as it may interfere with traffic and may cause an accident. (more…)
