Bank of Canada holds interest rates steady

Posted by & filed under CREA News.

The Bank of Canada announced on May 25th, 2016 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent. The announcement repeated many of themes from its announcements and Monetary Policy Reports (MPRs) published in late 2015 and early 2016, with the overall economic outlook evolving largely as the Bank projected… Read more »

Canadian home sales set record in April

Posted by & filed under CREA News.

Ottawa, ON, May 16, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in April 2016 rose to their highest level ever. Highlights: National home sales rose by 3.1% from March to April. Actual (not seasonally adjusted) activity was up 10.3% compared to April 2015. The number… Read more »