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CREA SATISFIED WITH CHANGES TO MORTGAGE RULES

admin — Tue, 16 Feb 2010 19:26:09 +0000

OTTAWA – February 16th – Following this morning’s announcement by the Federal government, The Canadian Real Estate Association is of the view that the Canadian resale housing market is healthy, and does not require regulatory changes beyond those announced today. “Banks and governments should be cautious interpreting recent statistics, since comparisons are being distorted by recessionary activity a year ago and the subsequent rebound,” says Gregory Klump, CREA’s Chief Economist. “Current trends reflect the release of pent up demand when buyers moved to the sidelines during the recession

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CREA SATISFIED WITH CHANGES TO MORTGAGE RULES

Resale housing forecast extended to 2011

admin — Mon, 08 Feb 2010 15:18:17 +0000

OTTAWA – February 8, 2010 – The Canadian Real Estate Association has revised its forecast for home sales via the MLS® Systems of Canadian real estate boards in 2010, and extended the forecast to 2011. With Canadian economic growth rebounding from the recession, the unusually severe decline in sales activity in early 2009 is not expected to recur in 2010. Annual activity in 2010 is forecast to be well above the previous year’s level as a result.

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Resale housing forecast extended to 2011

REALTORS® welcome EI benefits for Self-Employed

admin — Mon, 01 Feb 2010 17:49:39 +0000

Ottawa – February 1, 2010 – On behalf of Human Resources and Skills Development Minister Diane Finley, Rob Moore, Minister of State for Small Business and Tourism, joined today with Canadian Real Estate Association (CREA) CEO Pierre Beauchamp to announce that self-employed REALTORS® can now participate in the Employment Insurance (EI) program. “From coast-to-coast-coast, a large majority of REALTORS® are self-employed,” says Mr. Beauchamp.

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REALTORS® welcome EI benefits for Self-Employed

New Economic Study Underscores Need to Remove Tax Barriers to Property Reinvestment

admin — Mon, 28 Sep 2009 15:26:41 +0000

OTTAWA – Tax policy discourages the sale of income property and impedes a chain reaction of economic stimulus and job creation – elements that could greatly contribute to a commercial real estate market recovery and community redevelopment. A new Altus Group economic study prepared for The Canadian Real Estate Association (CREA) found that income property sales generate sizeable economic activity in a number of industries, and support job creation

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New Economic Study Underscores Need to Remove Tax Barriers to Property Reinvestment