Episode 1: Terry O’Reilly

Buying or selling a home isn’t just a financial decision. It’s an emotional one. In our inaugural episode of REAL TIME, we chat with award-winning marketer and radio icon Terry O’Reilly about the changing landscape of real estate—and how brand storytelling, innovation, and emotional connections can boost your business as a REALTOR®.

By |2020-03-24T11:29:14-06:00March 24th, 2020|CREA News|0 Comments

Episode 1:Terry O’Reilly – REALTORS® and the Importance of Emotional Connections

This podcast is about brand storytelling. We’ll explore the crucial connection between REALTORS® and the emotional aspects of home buying and how to use those key elements to add value to your client relationships and the sales process.

By |2020-03-24T11:29:14-06:00March 24th, 2020|CREA News|0 Comments

Bank of Canada announces emergency interest rate cut

In an emergency announcement on March 13th, 2020 the Bank of Canada announced a 0.5% reduction in its trend-setting overnight lending rate from 1.25% to 0.75%. This was a further reduction from the 0.5% cut announced just 9 days earlier at the regularly scheduled interest rate announcement. The announcement was part of coordinated action by [...]

By |2020-03-18T08:19:25-06:00March 18th, 2020|CREA News|0 Comments

Canadian home sales up in February

As providers of the most accurate and timely housing data and statistics, CREA cannot crediblyupdate its quarterly forecast at this time. Ottawa, ON, March 16, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020. Highlights: National home sales climbed 5.9% on [...]

By |2020-03-16T07:00:51-06:00March 16th, 2020|CREA News|0 Comments

Changes to the mortgage stress test

Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test. The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, [...]

By |2020-03-23T17:15:41-06:00February 19th, 2020|CREA News|0 Comments

Canadian home sales down in January

Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. Highlights: National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January. Actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y). The number of newly [...]

By |2020-03-23T17:16:24-06:00February 14th, 2020|CREA News|0 Comments

CREA’s Chief Economist, Gregory Klump, retires after 28 years

Ottawa, ON, February 11, 2020 –  Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years. Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s economic and data team into an authoritative source of Canadian real estate data [...]

By |2020-03-23T17:17:13-06:00February 11th, 2020|CREA News|0 Comments

CREA’s Gregory Klump retires after 28 years

Ottawa, ON, February 11, 2020 –  Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years. Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s economic and data team into an authoritative source of Canadian real estate data [...]

By |2020-03-23T17:18:08-06:00February 11th, 2020|CREA News|0 Comments