CREA Updates and Extends Resale Housing Forecast

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Fri, 03/13/2015 – 08:58 Ottawa, ON, March 13, 2015 – 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 for 2015 and extended it to 2016. The further decline in oil prices since CREA’s last forecast… Read more »

Bank of Canada keeps rates on hold

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Thu, 03/05/2015 The Bank of Canada announced on March 4th, 2015 it was keeping its trend-setting overnight lending rate at 0.75 per cent. Six weeks earlier, the Bank surprised markets by cutting the rate by a quarter of a percentage point as insurance against economic damage from the drop in oil prices. The Bank of… Read more »