Mar 15, 2013 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged back down on a month-over-month basis in February 2013 following an increase in January.
Highlights:
- National home sales declined 2.1% from January to February.
- Actual (not seasonally adjusted) activity came in 15.8% below levels in February 2012.
- The number of newly listed homes fell 1.2% from January to February.
- The Canadian housing market remains firmly in balanced territory.
- The national average sale price was down 1% on a year-over-year basis in February.
- The MLS® HPI rose 2.7% in February, the smallest gain since March 2011.
Read the complete release here.
Mar 11, 2013 | CREA/OREA/RECO News |
CREA has enhanced their health and dental program for CREA members. A brochure with more information will be sent to your office in the coming weeks – watch for it!
Mar 11, 2013 | CREA/OREA/RECO News |
Members who are interested in serving as Directors of RECO’s Council are required to submit their nomination forms no later than 2 p.m. on Monday, April 1, 2013. Directors will serve for the period from June 2013 to June 2016. (more…)
Feb 15, 2013 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up on a month-over-month basis in January 2013. National sales activity has held fairly steady after gearing down last August in the wake of tightened mortgage lending rules.
Highlights:
- National home sales rose 1.3% from December to January.
- Actual (not seasonally adjusted) activity came in 5.2% under levels in January 2012.
- The number of newly listed homes rose 1.6% from December to January.
- The Canadian housing market remains firmly in balanced territory.
- National average sale price was up 2% year-over-year in January.
- The MLS® HPI rose 3.1% in January, the smallest gain since April 2011.
Click here for more information.
Feb 12, 2013 | CREA/OREA/RECO News |
Recently read in For the RECOrd, published by the Real Estate Council of Ontario (more…)
Feb 12, 2013 | CREA/OREA/RECO News |
Electronic signatures are coming to WEBForms (more…)
Feb 12, 2013 | CREA/OREA/RECO News |
Teranet to offer home history information
Teranet, the exclusive provider of online property search and registration in Ontario, has announced a partnership with HomeVerified to offer national home and neighbourhood history information. Ontario’s 55,000 REALTORS® will benefit from the new tool to market and sell both a home and its neighbourhood. “The HomeVerified report provides consumers and real estate professionals with important information on Canadian homes, including photos, insurance claims history (sewer back-ups, fire damage, flood damage, burglaries, vandalism, etc.), a proprietary marijuana grow-op database, local school rankings, neighbourhood amenities and other information all laid out in an easy to read report”. (more…)
Jan 16, 2013 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was little changed on a month-over-month basis in December 2012, holding it in line with levels reported in August when demand first geared down in the wake of tighter mortgage lending rules.
Highlights:
• National home sales edged 0.5% lower from November to December.
• Actual (not seasonally adjusted) activity down 17.4% from December 2011.
• Number of newly listed homes dropped 1.3% from November to December.
• Canadian housing market remains firmly in balanced territory.
• National average sale price up 1.6% year-over-year in December.
• MLS® HPI up 3.3% in December, the smallest gain since April 2011.
Read the story here.
Jan 9, 2013 | CREA/OREA/RECO News |
The OREA Standard Forms Committee reviewed a number of requests from members, real estate boards/associations and other interested parties regarding OREA standard forms. As a result, a number of important revisions were made to the forms and new forms were created for 2013. (more…)
Jan 9, 2013 | CREA/OREA/RECO News |
The annual elections for the CREA Board of Directors will be held in conjunction with the 2013 Annual General Meeting, scheduled for March 23, 2013. Qualified REALTORS® are encouraged to run for a position on the Board of Directors. (more…)
Dec 17, 2012 | CREA/OREA/RECO News |
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged back down in November 2012 on a month-over-month basis, returning to where it stood in August. Demand geared down in August in the wake of tighter mortgage lending rules, and has since been running about eight per cent below levels in the first half of the year.
Highlights:
- Home sales down 1.7% from October to November.
- Actual (not seasonally adjusted) activity down 11.9% from November 2011.
- Number of newly listed homes down 0.9% from October to November.
- Housing market remains firmly in balanced territory.
- National average price for home sales down 0.8% on a year-over-year basis in November.
- MLS® HPI up 3.5% in November, marking its smallest gain since May 2011.
The Canadian Real Estate Association (CREA) has also 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.
When CREA’s resale housing forecast was published in September, activity showed the first signs of slowing in the wake of new mortgage lending regulations. Demand has remained at lower levels, and this trend is expected to persist through the end of the year. Lower than projected third quarter sales have downgraded the prospects for activity this year in almost every province.
Dec 7, 2012 | CREA/OREA/RECO News |
The OREA Standard Forms Committee reviewed a number of requests from members, real estate boards/associations and other interested parties regarding OREA standard forms. As a result, a number of important revisions were made to the forms and new forms were created for 2013. (more…)
