Tags » Canadian Real Estate Association

Home sales drop to lowest monthly level in three years as new mortgage rules douse demand

OTTAWA — Resales of Canadian homes dropped 14.5 per cent in January from December to the lowest monthly level in three years as tighter mortgage rules doused demand, the Canadian Real Estate Association said on Thursday. 321 more words

Breaking

Canadian home sales drop 14.5% from December to January as new mortgage rules kick in

Home sales nationwide dropped by 14.5 per cent in January compared to December, the Canadian Real Estate Association (CREA) said on Thursday.

The seasonally adjusted average price of residential property slipped 2.4 per cent over the period, from $513,519 in December to $501,040 in January. 171 more words

Canada

This $750K Toronto listing could be the litmus test for Canada's housing market

Wondering whether rising interest rates and the new mortgage rules are going to blow the froth off Canada’s hottest real estate market? The test for that may be what happens to a new Toronto listing that has locals talking. 520 more words

Canada

Toronto home sales shook off summer slump in December, but brace for January chill

OTTAWA — Resales of Canadian homes rose 4.5 per cent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday. 253 more words

Breaking

Slumping home sales to cost economy $1 billion and almost 12,000 jobs next year, CREA warns

TORONTO — The Canadian Real Estate Association said Thursday its lower home sales forecast will cost the economy $1 billion next year — as the impact of tighter mortgage regulations that come into effect New Year’s Day take a toll on the sector. 609 more words

News

Five things you should know before you start your work day on Dec. 15

Happy Friday! Editor Nicole MacAdam (@nicole_mac1) here. Stephen Poloz explains the Bank of Canada’s cautious approach to interest rate hikes, Cenovus says it will cut up to 700 employees and Disney is about to become a media juggernaut. 607 more words

Executive

Number of home sales expected to drop further in 2018 due to new mortgage rules: CREA

TORONTO – The Canadian Real Estate Association has cut its home sales forecast for next year due to the impact of tighter mortgage regulations that come into effect New Year’s Day, which are expected to rein in spending for some buyers. 566 more words

World