Canadian home sales inch lower in December
Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019.
- National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December.
- Actual (not seasonally adjusted) activity was up 22.7% year-over-year (y-o-y).
- The number of newly listed properties dropped by a further 1.8% m-o-m.
- The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 3.4% y-o-y.
- The actual (not seasonally adjusted) national average sale price climbed 9.6% y-o-y.
Home sales recorded over Canadian MLS® Systems edged down 0.9% in December 2019, ending a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017.
Access the December 2019 stats PDF.
Every single day, they commit to bettering our profession and communities throughout Ontario.
If you are looking for a meaningful volunteer opportunity, where you’ll collaborate with real estate leaders on issues that matter to you and Ontario home owners, then consider volunteering with OREA.
By joining an OREA Committee, you’ll be part of a team that’s making a difference in the lives of REALTORS® and the people they serve.
OREA’s Committees include:
- Arbitration & Ethics Committee
- Commercial Committee
- Finance/Audit Committee
- Governance Committee
- Government Relations Committee
- Ontario REALTOR® Party Committee
- Standard Forms Committee
- The Association Executive Advisory Committee
- Young Professionals Network Committee
The application deadline is March 13, 2020.
Ontario REALTORS®, we have an incredible opportunity before us.
The Ontario Real Estate Association is in a position to invest in new products and services that will make life better for Ontario REALTORS®.
But first, we need your input.
OREA has launched the biggest consultation in its history to gather your feedback on four new, bold ideas that originated with you in mind:
- On The Ground Advocacy: Becoming the Best Advocacy Group in Ontario
- Serving Commercial Members Better
- Supporting REALTOR® Professionalism Through Education
- Support for Increased Member Access to MLS System® Data
To see the ideas, and to submit your feedback, go to www.NewOreaServices.com.
We will use your feedback to refine our ideas and to assist the OREA Board of Directors in making its final decisions on which new, high quality services to provide to you and to OREA’s Member Boards across the province.
This is an incredible opportunity to be able to invest in sustainable long-term benefits for our Members and we look forward to hearing from you!
2019 OREA President
Please be advised that on October 23, 2019, Council approved Interim Control By-law 2019-67 prohibiting new short-term rental accommodations for one year within agricultural, rural, residential, and miscellaneous zones in Severn. This temporary freeze will allow the municipality to do more research and consultation to determine the best practice for regulating short-term rental accommodations in our community.
More information will be posted at www.townshipofsevern.com when available.
Should you have any questions, please do not hesitate to contact Township Planning staff.
OREA will be hosting a forms webinar on January 29, 2020 at 1:00 p.m.
The topic is: 2020 Forms Update PART 2, Answering Member Questions
2020 Forms Update PART 2-Answering Member Questions _EO Info
OREA has been alerted to a phishing scam that offers hotel rooms at the Hilton Niagara for low rates during REALiTY Conference dates.
Please only book hotel rooms through OREA’s official link located at https://realityconference.ca/accommodations/.
If you have already booked through the incorrect link, please call your credit card company to reverse the charges.
If you have further questions, please contact Shannon Churm at 647-376-8874.