July was a record-breaking month for Canadian housing markets, with an unleashing of activity following strict COVID-19 lockdowns. As most businesses, services and public spaces continue to re-open, the Canadian Real Estate Association (CREA) will continue to equip REALTORS® with exclusive tools and the latest industry information to help serve their clients. Stay in the know by visiting our online hub: What REALTORS® Should Know About COVID-19.
Housing Market Snapshot for July 2020: A Record-Breaking Month for Home Sales
With COVID-19 restrictions being lifted across Canada, home buyers and sellers have been busy!
New listings hit their highest level on record for the month of July, while home sales reached the highest level of any month in history. Get an overview and share the infographic with your clients as a resource to make educated home buying decisions.
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|Government Extends CEBA, CERB, and Announces Replacement Benefits|
|At the end of August, the Canada Emergency Response Benefit (CERB) was extended by four weeks to September 27, before it will transition people who are still claiming CERB to a revamped Employment Insurance (EI) program, or one of three new recovery benefits: the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB). Learn more about these programs.|
More recently, the federal government has extended the Canada Emergency Business Account (CEBA) until October 31, 2020. More information is expected in the coming days and we are optimistic that the program will be expanded to include businesses operating out of a personal bank account. Click here for more details.