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Industry News
Bank of Canada Maintains Overnight Rate Target at 1 per cent
Tuesday January 17, 2012

For immediate release/January 17, 2012/Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The outlook for the global economy has deteriorated and un
Canadian Home Sales Edge Higher in December
Monday January 16, 2012

OTTAWA – January 16, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity posted an increase from November to December 2011. Highlights: •Sales activity rose 1.8 per cent from November to December. •An
Royal LePage Predicts Further Home Price Appreciation Contrary to Recent Talk of Decline
Thursday January 12, 2012

TORONTO, January 12, 2012 –The Royal LePage House Price Survey and Market Survey Forecast released today showed the average price of a home in Canada increased between 3.6 and 6.1 per cent in the fourth quarter of 2011, compared to the previous year. Royal LePage expects average price growth t
December 2011 Housing Starts
Tuesday January 10, 2012

OTTAWA, January 10, 2012 — The seasonally adjusted annual rate (note 1) of housing starts was 200,200 units in December, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 185,600 units in November 2011. Actual housing starts for 2011 are being verified and will be re
GTA REALTORS® Release Monthly Resale Market Figures
Thursday January 05, 2012

TORONTO, January 5, 2012 -- Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,
Year-End Figures Demonstrate Stable Growth - 2011 A Year of Steady Improvement for the Housing Market
Tuesday January 03, 2012

Calgary, January 3, 2012 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010. Recovering from tepid sales activity in the first half of
CMHC Releases 2011 Canadian Housing Observer a Comprehensive Report on the State of Housing in Canada
Thursday December 29, 2011

OTTAWA, December 29, 2011 — Housing-related spending accounts for more than 20 per cent of Canada’s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 — up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annu
Canadian Home Prices Beginning to Stabilize: Scotiabank
Tuesday December 20, 2011

Canadian Press/December 20, 2011 - Canadian housing prices have been going up this year but are showing signs of levelling off, according to a Scotiabank real estate report. The report looked at real estate markets in 10 developed economies and found Canada was the top performer in the third quarte


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Bank of Canada Maintains Overnight Rate Target at 1 per cent
Tuesday January 17, 2012

For immediate release/January 17, 2012/Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The outlook for the global economy has deteriorated and un
 
Canadian Home Sales Edge Higher in December
Monday January 16, 2012

OTTAWA – January 16, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity posted an increase from November to December 2011. Highlights: •Sales activity rose 1.8 per cent from November to December. •An
 
Royal LePage Predicts Further Home Price Appreciation Contrary to Recent Talk of Decline
Thursday January 12, 2012

TORONTO, January 12, 2012 –The Royal LePage House Price Survey and Market Survey Forecast released today showed the average price of a home in Canada increased between 3.6 and 6.1 per cent in the fourth quarter of 2011, compared to the previous year. Royal LePage expects average price growth t
 
December 2011 Housing Starts
Tuesday January 10, 2012

OTTAWA, January 10, 2012 — The seasonally adjusted annual rate (note 1) of housing starts was 200,200 units in December, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 185,600 units in November 2011. Actual housing starts for 2011 are being verified and will be re
 
GTA REALTORS® Release Monthly Resale Market Figures
Thursday January 05, 2012

TORONTO, January 5, 2012 -- Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,
 
Year-End Figures Demonstrate Stable Growth - 2011 A Year of Steady Improvement for the Housing Market
Tuesday January 03, 2012

Calgary, January 3, 2012 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010. Recovering from tepid sales activity in the first half of
 
CMHC Releases 2011 Canadian Housing Observer a Comprehensive Report on the State of Housing in Canada
Thursday December 29, 2011

OTTAWA, December 29, 2011 — Housing-related spending accounts for more than 20 per cent of Canada’s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 — up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annu
 
Canadian Home Prices Beginning to Stabilize: Scotiabank
Tuesday December 20, 2011

Canadian Press/December 20, 2011 - Canadian housing prices have been going up this year but are showing signs of levelling off, according to a Scotiabank real estate report. The report looked at real estate markets in 10 developed economies and found Canada was the top performer in the third quarte
 
Canadian Home Sales Edge Higher in November
Thursday December 15, 2011

OTTAWA - December 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rose slightly in November 2011 from the previous month. Highlights: •Sales activity rose slightly (+0.5 per cent) from October to November
 
November 2011 Housing Starts
Thursday December 08, 2011

OTTAWA, December 8, 2011 — The seasonally adjusted annual rate (1) of housing starts was 181,100 units in November, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in October 2011. “Housing starts declined in November, reaching a level which
 
Bank of Canada Maintains Overnight Rate Target at 1 per cent
Tuesday December 06, 2011

For immediate release/December 6, 2011/Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Uncertainty around the global economic outlook has increas
 
GTA REALTORS® Release Monthly Resale Housing Market Figures
Tuesday December 06, 2011

TORONTO/December 6, 2011 — Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
 
Calgary Housing Sales Trending Up - Stable Pricing Providing Opportunities for Buyers
Thursday December 01, 2011

Calgary, December 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in November increased eight per cent over last year, at 17,538 after the first 11 months of the year. While sales activity tends to taper off in the winter month
 
The Bursting of the Global Housing Bubble is Only Halfway Through
Saturday November 26, 2011

The Economist/November 26, 2011 - Many of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less widespread than the boom. Home
 
Canadian Home Sales Edge Higher in October
Tuesday November 15, 2011

OTTAWA – November 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up a little further in October 2011 following the uptick in September. Highlights: •Sales activity rose in October, marking t
 
CREA Updates Resale Housing Forecast
Tuesday November 15, 2011

OTTAWA – November 15, 2011 – The Canadian Real Estate Association (CREA) has made a small revision to its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2011 and 2012. Activity came in broadly
 
Canadians Heed Debt Warnings and Exhibit Confidence in Their Ability to Manage Their Mortgage: CAAMP
Wednesday November 09, 2011

Toronto, ON (November 9, 2011) – Canadians have heard the many cautions about carrying too much debt and are taking action to insulate themselves from future economic downturns, according to the seventh Annual State of the Residential Mortgage Market report by the Canadian Association of Accre
 
Housing Evolution Driving Average Price Appreciation in Canada's Major Centres
Monday November 07, 2011

Mississauga, ON (November 7, 2011) - Billions spent in new construction, renovation, and infill over the past decade have contributed to a serious upswing in the calibre of Canada’s housing stock, propping up residential average price in the country’s major centres, according to a report
 
Canadian Housing Market to Stabilize
Friday November 04, 2011

OTTAWA, November 4, 2011 — Housing starts are forecast to stabilize into 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition (1). “Despite continued uncertainty in the global economy, Canada’s economic fun
 
Pace of Home Sales Remains Brisk in October
Thursday November 03, 2011

Toronto, November 3, 2011 — Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010. Monthly sales data follow a recurring seasonal trend that
 
Single Family Homes becoming ‘Precious Commodities’
Tuesday November 01, 2011

Toronto/November 1/Moneyville/Toronto Star/Susan Pigg - Toronto is rapidly transforming into a “vertical world” because of an unprecedented condo boom and greenbelt policies that are making single-family homes “precious commodities,” a new report says. Provincial efforts to
 
Calgary’s Housing Market Set to Outpace 2010
Tuesday November 01, 2011

Calgary, November 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales totalled 16,184 after the first 10 months of the year, an increase of eight per cent over last year. Over 61 per cent of Calgary’s established communities
 
Financial Literacy Month Takes Flight
Monday October 31, 2011

Toronto, October 31, 2011 – Today marks the kick-off of Financial Literacy Month, an initiative developed by the Financial Literacy Action Group (FLAG), in collaboration with the Financial Consumer Agency of Canada (FCAC), the Government of Canada's lead agency on financial literacy. The Ho
 
Bank of Canada maintains overnight rate target at 1 per cent
Tuesday October 25, 2011

For immediate release: October 25, 2011/Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.  The global economy has slowed markedly as several d
 
Canadian Home Sales Pick Up in September
Monday October 17, 2011

OTTAWA/ October 17, 2011 – According to statistics (1) released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011. National sales activity rose 2.7 per cent in September when compared to August, and follows three months of stabl
 
Canadian House Price Rally Extended
Wednesday October 05, 2011

TORONTO, October 5, 2011 - The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 5.7 and 7.8 per cent in the third quarter of 2011, compared to the previous year. The strength of home price appreciation in the third quarter defied expectati
 
September Rounds Out a Strong Third Quarter
Wednesday October 05, 2011

Toronto, October 5, 2011 – Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compar
 
Bidding wars erupt for prime rental condos
Monday October 03, 2011

Moneyville/Toronto Star/Susan Pigg - The market for rental condos is becoming almost as hot as Toronto’s resale housing market with bidding wars breaking out among tenants trying to snag prime units. While some 21,000 units are now under construction in Toronto — 5,707 of them in the do
 
Homebuyers’ Confidence Holds Steady Despite Global Turmoil
Monday October 03, 2011

Calgary, October 3, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), residential sales continued to gain momentum in Calgary this year, totalling 14,832 after the first three quarters, a seven per cent per cent rise over last year. “Despite recent tur
 
905 Area Condo Sales Drive New Home Market up 105 per cent in August
Thursday September 22, 2011

Greater Toronto, September 22, 2011 - Sales of new high-rise condominium suites more than doubled in August 2011 versus August of last year thanks to incredible gains in the 905 area, particularly Oakville, Markham and Vaughan, the Building Industry and Land Development Association (BILD) revealed t
 
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