CREA launched its Futures Planning initiative on Leadership Day 2011 – embarking on a collaborative journey to identify what the Consumer wants in the next five to ten years and how that will impact REALTORS® and organized real estate (ORE) in Canada. This past summer and early fall, CREA shared the planning experience with Boards and Associations across the country to hear from as many voices as possible.
By the time the Futures cross-Canada sessions came to an end in early October, input had been captured from over 900 participants. Every single piece of data from the completed worksheets was reviewed and the data analyzed for patterns and themes.
Details coming soon
56% mistakenly believe HST applies to purchase price
An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that 56 per cent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies to the full purchase price of a resale home. In fact the HST is only levied on the various transaction fees associated with the purchase of a home that has been previously occupied (i.e. not a newly-built home).
CREA raises 2011 home sales forecast: The Canadian Real Estate Association has revised its forecast for home sales upward for 2011, citing stronger-than-expected sales and prices in the second quarter and good momentum entering the second half of the year. But economists warn Canadians should expect a gradual slowdown in the housing market to begin next year, as sales in Toronto and Vancouver cool and interest rate hikes eventually kick in.
If so you'll want to enlist the services of a REALTOR® to help you navigate through this complicated business transaction from start to finish.
Your REALTOR® has what it takes to help you every step of the way to achieving your home ownership dreams. And, he or she will be the top player on a team of experts who will protect your interests and ensure your real estate transaction goes smoothly.