Ottawa, ON, June 17, 2013 – According to statistics released today 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 […] read more

Ottawa, ON, June 17, 2013 – 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 […] read more

The Bank of Canada’s economic outlook and key policy rate remained unchanged when it announced on May 29th 2013 it was keeping its trend-setting overnight lending rate 1 per cent. In its April announcement, the Bank recognized the persistent economic weakness and cut its forecast for Canadian economic growth to 1.5 per cent in 2013. […] read more

Ottawa, ON, May 15, 2013 – According to statistics released today 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 […] read more

The Bank of Canada kept its key policy rate at 1 per cent on April 17th 2013. It has been unchanged at this level for more than two and a half years. In its April policy rate announcement, the Bank lowered its forecast for Canadian economic growth to 1.5 per cent this year. Its previous […] read more