Richard Silver

Canadian Real Estate Association Releases New Update

Here is the latest market report from the Canadian Real Estate Association. Take a look at the highlighted portion below as it points to a striking lack of inventory for Purchasers...but means it is a great time for Sellers to put their homes on the market. From my understanding, in a "Normal" market the inventory is about six months. OTTAWA – October 15th, 2009 – National resale housing activity climbed to the highest level of any third quarter on record. Actual (not...Continue Reading...

The Canadian Real Estate Association Upgrades Its Forecast

MLS® home sales forecast revised OTTAWA – August 27, 2009 – MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climb throughout the quarter and into July. The remarkable recovery of resale housing has prompted a change to the MLS® home sales forecast issued by The Canadian Real Estate Association for 2009 and 2010. The speed and magnitude of the rebound in sales activity to date has lifted CREA’s national forecast for the number...Continue Reading...

CREA Issues Strong Report For Canadian Real Estate.

Here is the most recent Press Release from the Canadian Real Estate Association. The Toronto Real Estate Board also published a strong release last week. You can read it also at  Toronto Real Estate Board: June 2009, Best June on Record!! OTTAWA – July 14th, 2009 – National resale housing market activity bounced back strongly in the second quarter of 2009 above levels reported for the same period last year. Demand continues to rebound sharply in some of the most expensive...Continue Reading...

REALTORS® Welcome Federal Housing Initiatives In Stimulating Canadian Economy: CREA Says

Here is the most recent press release from the Canadian Real Estate Association in reference to today's budget. It looks to be some good news for the Housing sector and first time buyers...   The Canadian Real Estate Association (CREA) welcomes the federal government initiatives to stimulate economic growth outlined in the 2009 budget, especially those that will encourage home ownership in Canada. The Association applauds the government (more...)Continue Reading...