Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.
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 2015 and 2016.
The Bank of Canada will cut interest rates at its Sept. 9 meeting, National Bank Financial says, becoming the first major bank to call for a cut amid signs market turmoil threatens an economic recovery.
Ottawa, ON, August 12, 2015 - The Canadian Real Estate Association (CREA), on behalf of its 110,00 REALTOR® members across the country, welcomes today’s announcement by Prime Minister Stephen Harper to increase the Home Buyers’ Plan (HBP) withdrawal limit from $25 000 to $35 000.
June proved to be a busy month for the new housing market with RealNet Canada reporting an increase in both sales and prices. According to numbers released Wednesday, the surge wasn’t just limited to low-rise homes, which have typically outperformed the new condo market in recent months.
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
Canadians added to their mortgage debt amid continued bargain-basement borrowing rates in May, but the overall trend in household debt continued its recent moderation in the month, new Bank of Canada statistics show.
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