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National resale activity edges down in January

National resale activity edges down in January

National resale activity edges down

According to statistics released by The Canadian Real Estate Association, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined in January 2010 from the previous month.
Seasonally adjusted national home sales dropped 2.8 per cent from near record levels reported in December. [...]

February 17 2010 | Posted in In The News, Realty | Read More »

The Competition Bureau, CREA, MLS and why this cartel needs to be taken down.

The Competition Bureau, CREA, MLS and why this cartel needs to be taken down.

Why the current MLS Cartel needs to be broken down

The Competition Bureau has escalated its case against the Canadian Real Estate Association to the country’s Competition Tribunal, in a bid to smash what it says is an anti-competitive home-listings system that artificially increases the cost of real estate transactions.
So what does this mean and [...]

February 12 2010 | Posted in Muchmor Opinion | Read More »

Federal Competition Bureau seeks to smash anti-competitive rules on Canadian MLS

Federal Competition Bureau seeks to smash anti-competitive rules on Canadian MLS

Federal Competition Bureau to investigate MLS

The federal Competition Bureau says it will challenge the restrictive rules that govern the multiple listing service (MLS) system used by most Canadian home sellers to list their properties. The MLS system, run by the Canadian Real Estate Association, includes information that is only available to CREA members, and its [...]

February 8 2010 | Posted in In The News, Realty | Read More »

Canadian home sales activity continues to run strong

Canadian home sales activity continues to run strong

Monthly MLS® home sales activity continues to run strong, with new monthly records set in July, September, and October. This has prompted The Canadian Real Estate Association to revise its MLS® home sales forecast for 2009 and 2010.
CREA now forecasts national activity will reach 460,200 units in 2009, up 6.6 per cent from last [...]

November 19 2009 | Posted in Canada, Economy, Local Events, Money, Realty | Read More »

October home sales improve 41.5 per cent

October home sales improve 41.5 per cent

Canadian home resales improved 41.5 per cent year over year to 42,288 units in October, a record for the month, according to the Canadian Real Estate Association. The national average price for homes listed on the Multiple Listing Service also reached a new high in October at $341,079. This was 20.7 per cent higher than [...]

November 16 2009 | Posted in Economy, Local Business, Money, Realty | Read More »

MLS® home sales remain strong in August

MLS® home sales remain strong in August

National resale housing market sales activity remained up from year-ago levels in August 2009 for the third consecutive month, posting the largest year-over-year gain in more than two years.
According to statistics released by The Canadian Real Estate Association (CREA), a total of 42,483 homes traded hands via the Multiple Listing Service® (MLS®) Systems of [...]

September 22 2009 | Posted in Canada, Economy, Home & Garden, In The News, Money, Realty, The Provinces | Read More »

The 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 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

MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climbed 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 [...]

August 27 2009 | Posted in Canada, Economy, Local Business, Misc, Money, Realty | Read More »

National resale housing continues to rise

National resale housing continues to rise

National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward.
According to statistics released by The Canadian Real Estate Association (CREA), actual (not seasonally [...]

June 16 2009 | Posted in Money, Realty | Read More »

Home sales activity increased for the second month in a row in March 2009: CREA

Home sales activity increased for the second month in a row in March 2009: CREA

Existing MLS® home sales activity increased for the second month in a row in March 2009, according to statistics released by The Canadian Real Estate Association (CREA). The number of new listings also continued trending lower in March, which firmed up the balance of supply to demand.
A seasonally adjusted total of 31,135 homes traded [...]

April 15 2009 | Posted in In The News, Realty | Read More »

Resale housing activity in Canada in February 2009 was up

Resale housing activity in Canada in February 2009 was up

Resale housing activity in Canada in February 2009 was up from seasonally adjusted levels the previous month, according to statistics released by The Canadian Real Estate Association (CREA). A total of 28,669 homes traded hands via the Multiple Listing Service® (MLS®) nationally in February 2009 on a seasonally adjusted basis. This is 8.6 per cent above [...]

March 17 2009 | Posted in In The News, Realty, The Provinces | Read More »