housing-market-

OTTAWA – January 16, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity posted an increase from November to December 2011. Highlights: Sales activity rose 1.8 per cent from November to December. Annual activity totalled 456,749 sales in 2011, up 2.2 per cent from 2010.

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Canadian home sales edge higher in December

According to statistics [1] released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011.   Highlights: Sales activity rose 2.7 per cent in September from the previous month.

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Canadian home sales pick up in September

The Canadian Real Estate Association (CREA) released a new report today indicating that home prices will stabilize, and will remain stable for some time. This means that Canadian homeowners are unlikely to experience a U.S.-style decline in the value of their homes. “The relationship between average price and income has recently been cited as portending a U.S.-style correction in Canadian home prices,” said Gregory Klump, Chief Economist, CREA.

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U.S.-Style Home Price Correction Unlikely in Canada

National consumer confidence ended the year 2009 on a stronger footing compared to pre-recession levels, despite having edged down slightly the fourth quarter compared to the third quarter. According to the Conference Board of Canada’s index of consumer confidence, confidence eased slightly in the fourth quarter for the first time in three quarterly periods. The decrease in confidence reflects weakening sentiment about making major purchases

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Consumer confidence ends on a stronger footing