Tag >> Economy


Calvin Lindberg - 2008 CREA President

Cal Lindberg

The President of The Canadian Real Estate Association, Cal Lindberg, explains why the Canadian real estate market will not follow the trends in the United States, and why there will not be a major decline in the value of Canadian homes. Click below for streaming


OTTAWA - August 29th, 2008 - The number of new listings of homes for sale on the Multiple Listing Service® (MLS®) of all real estate Boards in Canada set a new record in July 2008, according to MLS® statistics released by The Canadian Real Estate Association (CREA).

New MLS® residential listings


Burlington, Ontario ranks number 8 in Canada for best places to live, 3rd in Ontario and 1st in the Greater Toronto Area.  To see the full article, Click here...

Source: MoneySense Magazine: May


January 1, 2008 to March 31, 2008 Statistics

Burlington Sales: 719 units, at an average price of $348,015. Remaining on the market for an average of 45 days.

Hamilton Sales: 1,136 units, at an average price of $192,431. Remaining on the market for an average of 50 days.

Ancaster Sales: 111


The Bank of Canada cut its benchmark overnight lending rate by one-half of one percentage point to 3 1/2 per cent on March 4th, and signaled further cuts in the near future. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, now stands at 3.75 per


Read this recent message sent by Ms. Ann Bosley, 2007 CREA President, to all Canadian Real Estate boards and Associations;

Click here here for full report and statistics

January 23, 2008

Attn: Boards and Associations

The Canadian Real Estate Association today issued the attached news


Low interest rates, increased employment levels and a healthy economy spurred solid real estate activity in Hamilton-Burlington in 2007. The number of homes sold is expected to top 13,760 units by year-end, representing a 5% increase over 2006 levels. Average price is to climb 7% to $268,000, up