Canadian home sales cool in November

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Ottawa, ON, December 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were down on a month-over-month basis in November 2016. \n Highlights: \n \n National home sales fell 5.3% from October to November. \n Actual (not seasonally adjusted) activity remained 1.6% above levels in November… Read more »

CREA Updates Resale Housing Forecast

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Ottawa, ON, December 15, 2016 – 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 2016 and 2017. \n Canadian housing market trends have evolved largely as expected since CREA last published its forecast in… Read more »

Bank of Canada keeps rates on hold citing uncertainty

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The Bank of Canada announced on December 7th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.‎ The Bank is currently taking a wait-and-see approach amid heightened uncertainty on a number of fronts, including the actual policy outcomes of the U.S. election. On balance, the Bank said there remains… Read more »