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Canadian Real Estate News

May brings lower homes sales and fewer new listings
Wednesday, June 16, 2010

OTTAWA – June 16th, 2010 – Statistics released by The Canadian Real Estate Association (CREA) show that home sales activity and new listings in Canada declined in May.

Resale housing forecast revised
Wednesday, June 02, 2010

OTTAWA – June 2, 2010 – The Canadian Real Estate Association (CREA) has lowered its forecast for home sales via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations. The revision reflects a weaker than expected start to the year in British Columbia, and recent developments that pulled forward the timing as to when sales are expected to ease in other provinces.

Bank of Canada raises interest rates: Canada becomes first country in G7 to hike
Wednesday, June 02, 2010

For the first time since 2007, the Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to 0.5 per cent on June 1, 2010. The Bank rate was raised to 0.75 per cent and the deposit rate was unchanged at 0.25 per cent, thereby re-establishing the normal operating band of 50 basis points.

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Royal LePage York North Realty, Brokerage

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17360 Yonge Street - Newmarket, Ontario, L3Y7R6
Phone 905-773-9595 Phone 905-836-0820

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