Canadian home sales improve in June

Jul 15, 2013 | CREA/OREA/RECO News | 0 comments

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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OREA Government Relations Update

Jul 11, 2013 | CREA/OREA/RECO News | 0 comments

Electronic signatures are coming … but not just yet

On June 11, the Government of Ontario passed the 2013 provincial budget. Included in the budget is OREA’s proposal to amend the Electronic Commerce Act (ECA), 2000. Once proclaimed, this amendment will give REALTORS® and consumers the confidence to use modern technology that will make transactions more efficient and accessible. (more…)

OREA News

Jul 11, 2013 | CREA/OREA/RECO News | 0 comments

CMHC study:  Families benefit significantly from living in their own homes

A study conducted by the Canada Mortgage and Housing Corporation (CMHC) highlighted the importance of affordable housing for Canadian families. It concluded that moving into one’s own home leads to major improvements in housing conditions, child well-being and school performance, health, and personal and family life. (more…)

CREA Updates Resale Housing Forecast

Jun 21, 2013 | CREA/OREA/RECO News | 0 comments

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 2013 and 2014.

Most Canadian housing markets have been evolving as anticipated since CREA’s last forecast released in March. National sales activity has held fairly stable since it moderated last August in the wake of changes to mortgage lending rules and guidelines.

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Canadian home sales climb higher in May

Jun 21, 2013 | CREA/OREA/RECO News | 0 comments

According to statistics released by The Canadian Real Estate Association (CREA), national home sales improved in May 2013, building on gains recorded in the previous two months.

Highlights:

  • National home sales rose 3.6% from April to May.
  • Actual (not seasonally adjusted) activity came in 2.6% below levels in May 2012.
  • The number of newly listed homes was up 1.9% from April to May.
  • The Canadian housing market remains firmly in balanced territory.
  • The national average sale price rose 3.7% on a year-over-year basis in May.
  • The MLS® Home Price Index (HPI) rose 2.3% year-over-year in May.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada rose 3.6 per cent on a month-over-month basis in May 2013, its largest monthly gain in almost two and a half years.

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CREA PAC Days

Jun 12, 2013 | CREA/OREA/RECO News | 0 comments

The Canadian Real Estate Association’s Political Action Committee (PAC) Days draws REALTORS® and association executives from across the country to Ottawa to meet their local MP on issues important to the real estate industry. 2013 PAC Days were held April 29 and 30, 2013. (more…)

Canadian home sales rise in April

May 15, 2013 | CREA/OREA/RECO News | 0 comments

According to statistics released by The Canadian Real Estate Association (CREA), national home sales edged up slightly on a month-over-month basis in April 2013. Activity has generally held to within short reach of current levels for the past nine months.

 Highlights:

  • National home sales rose 0.6% from March to April.
  • Actual (not seasonally adjusted) activity came in 3.1% below levels in April 2012.
  • The number of newly listed homes fell 0.9% from March to April.
  • The Canadian housing market remains firmly in balanced territory.
  • The national average sale price rose 1.3% on a year-over-year basis in April.
  • The MLS® HPI rose 2.2% in April, its smallest gain in more than two years.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged 0.6 per cent higher on a month-over-month basis in April 2013.  Click here for complete details.

CREA Updates

Apr 10, 2013 | CREA/OREA/RECO News | 0 comments

What happened at the CREA AGM?

  • Rate Your REALTOR® didn’t rate very highly for CREA members at the CREA AGM – the motion to create a Rate Your REALTOR® site was defeated.
  • An alternative to New Co – the separate MLS® corporation – was approved.  This alternative will, through CREA Bylaw and policy amendments, remove a few layers of bureaucracy currently in the technical development area of CREA; those amendments will speed up and improve decision-making for major technology development.  The Bylaw and policy changes will be prepared and presented at the fall Assembly meeting.

The CREA Technical Peer Group (TPG) met just prior to the CREA AGM.  Two projects are ongoing:  work on a new platform for REALTOR Link® is progressing and improvements to REALTOR.ca are in a beta testing phase, with the expectation it will go live in a few months.

 

New CREA Television Ads

Have you seen the new CREA TV ads yet?  Check them out on REALTOR Link®>CREA>National Ad Campaign>Television Commercials.