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 2014 and 2015.

With mortgage rates remaining at historic lows since the summer, activity has remained stronger for longer than previously expected and has yet to show clear signs of fading.

Read more.

Canadian home sales edge higher in October

According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged higher on a month-over-month basis in October 2014.

Highlights:

  • National home sales rose 0.7% from September to October.
  • Actual (not seasonally adjusted) activity stood 7% above October 2013 levels.
  • The number of newly listed homes rose 0.8% from September to October.
  • The Canadian housing market remains balanced.
  • The MLS® Home Price Index (HPI) rose 5.5% year-over-year in October.
  • The national average sale price rose 7.1% on a year-over-year basis in October.

The number of home sales processed through the MLS® Systems of Canadian real estate

Boards and Associations edged up 0.7 per cent in October 2014 compared to September.

This marks the sixth consecutive month of stronger resale housing activity compared to a quiet start to the year, and the strongest activity for the month of October since 2009.

Read the full report.

OREA News

Call for OREA Candidates

The Ontario Real Estate Association has six openings on its Board of Directors:  two Directors-at-Large and four Provincial Directors (one each from Centre, Western, Northern and Eastern Ontario).  The election will take place March 11, 2015 at the Ontario Real Estate Association Annual General Meeting. (more…)

Canadian home sales ease back in September

According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity in September 2014 was down from the previous month.

Highlights:

  • National home sales fell 1.4% from August to September.
  • Actual (not seasonally adjusted) activity stood 10.6% above September 2013 levels.
  • The number of newly listed homes declined by 1.6% from August to September.
  • The Canadian housing market remains balanced.
  • The MLS® Home Price Index (HPI) rose 5.3% year-over-year in September.
  • The national average sale price rose 5.9% on a year-over-year basis in September.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations fell by 1.4 per cent on a month-over-month basis in September 2014, marking the first monthly decline since January of this year.

Read the entire report.

OREA News – Beware creative marketing

OREA has become aware that some members have received promotional literature from organizations offering “OREA members” special programs, which suggests the organization has a relationship with OREA and the service is part of the OREA Affinity Program.  This happens most often in the health benefits sector.

OREA has only a limited number of partners in its Affinity Program:  Corporate Benefit Analysts (CBA) (health benefits provider), Rogers, AERO Insurance, TD Home and Auto Insurance, Rent Check Corp and MBNA.  No other organizations are part of the program.

If you have any questions about the OREA Affinity Program or the partners in the program, contact OREA.

CREA Update – New WEBForms® options

CREA recently introduced document and transaction management options to its suite of WEBForms® services.  These add-on services will provide members with additional flexibility when working with past and present transaction kits and give members the ability to manage their transaction kits wherever they are. (more…)

OREA News

Have you registered for OREA’s EMERGE event yet?

~~  St. Catharines – Thursday, October 9, 2014  ~~

Early bird pricing (3 weeks before the event)
Members:  $59 +Tax      Non-members:  $89 +Tax

Regular pricing
Members:  $79 +Tax      Non-members:  $109 +Tax

For more information on EMERGE, go to www.orea.com/emerge or contact OREA at [email protected].

Canadian home sales edge higher in June

According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent on a month-over-month basis in June 2014.

Highlights:

  • National home sales rose 0.8% from May to June.
  • Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels.
  • The number of newly listed homes was little changed from May to June.
  • The Canadian housing market remains in balanced territory.
  • The national average sale price rose 6.9% on a year-over-year basis in June.
  • The MLS® Home Price Index (HPI) rose 5.4% year-over-year in June.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 0.8 per cent on a month-over-month basis in June 2014, marking the fifth consecutive monthly increase and the highest level for sales since March 2010.

Read more.