Category Archives: CREA News

Bank of Canada keeps rates on hold

Outlook largely unchanged amid growing uncertainty\nThe Bank of Canada announced on January 18th, 2017 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent.\nThe announcement was accompanied by the Bank’s Monetary Policy Report (MPR), which indicated that the Canadian economy and job market remains slack. Both the Bank’s policy interest rate…
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Canadian home sales up from November to December

Ottawa, ON, January 16, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in December 2016.\nHighlights:\nNational home sales rose 2.2% from November to December.\nActual (not seasonally adjusted) activity in December was down 5.0% from a year earlier.\nThe number of newly listed…
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Canadian home sales cool in November

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.\nHighlights:\nNational home sales fell 5.3% from October to November.\nActual (not seasonally adjusted) activity remained 1.6% above levels in November 2015.\nThe number of newly listed homes edged…
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Bank of Canada keeps rates on hold citing uncertainty

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.‎\nThe 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.\nOn balance, the Bank said there remains “a significant…
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