Episode 4:A Conversation About Real Estate in the Age of COVID-19

Posted June 1, 2020

In response to current conditions, businesses and REALTORS® need to react to a new world, though temporary, where human interaction is limited or discouraged. The real estate industry, built on relationships, will be significantly impacted. But within adverse conditions come opportunities and new human behaviours. For REALTORS®, maintaining a personal connection is crucial.

The CREA REAL TIME podcast provides an opportunity to give REALTORS® insight into how they can transform to be more adept in a digital retail environment.

Representatives from various levels within the industry provide guidance, clarity and give CREA members real world tools to implement.

Episode 3:REALTORS® and the Timeless Currency of Trust

Posted May 7, 2020

In Episode 3 of REAL TIME, we talk with Steve Murray, president and co-founder of REAL Trends, about the foundational elements of real estate – what’s changed, what hasn’t – and how trust and communication continue to play a vital role in safeguarding REALTOR® success.

Episode 3:Steve Murray – REALTORS® and the Timeless Currency of Trust

Posted May 7, 2020

In Episode 3 of REAL TIME, we talk with Steve Murray, president and co-founder of REAL Trends, about the foundational elements of real estate – what’s changed, what hasn’t – and how trust and communication continue to play a vital role in safeguarding REALTOR® success.

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Posted April 17, 2020

Episode 2:Chris Chopik – Real Estate and the Environment

Posted April 17, 2020

In celebration of Earth Day we’ll speak with REALTOR® Chris Chopik, a passionate environmental advocate about how climate-risk directly impacts the industry, the role REALTORS® can play protecting the environment, and what REALTORS® need to know about selling greener homes.

Episode 1: Terry O’Reilly

Posted March 24, 2020

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®.

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

Posted March 24, 2020

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.

Bank of Canada announces emergency interest rate cut

Posted March 18, 2020

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 the Department of Finance, the Bank of Canada and the Office of the Superintendent of Financial Institutions, intended to maintain the flow of funding to Canadian financial institutions in order for them to extend funds to businesses and consumers as needed.

In a follow up press release the Bank of Canada explained, “The macroeconomic situation is evolving very rapidly as the COVID-19 coronavirus spreads around the world” and although the longer-term implications of the virus were difficult to assess it clearly presented...Read More

Canadian home sales up in February

Posted March 16, 2020

As providers of the most accurate and timely housing data and statistics, CREA cannot credibly update 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 a month-over-month (m-o-m) basis in February.
  • Actual (not seasonally adjusted) activity was up 26.9% year-over-year (y-o-y).
  • The number of newly listed properties jumped 7.3% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.7% m-o-m and 5.9% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 15.2% y-o-y.

Home sales recorded over Canadian MLS® Systems rose by 5.9% in February 2020, marking one of the larger m-o-m gains of the past decade.

With transactions up in about 60% of all local markets in February, the big national...Read More

Bank of Canada cuts interest rates in response to rising global economic risks

Posted March 5, 2020

In line with financial market expectations, the Bank of Canada announced, on March 4, it was lowering its trend-setting overnight lending rate by 50 basis points from 1.75% to 1.25%. This was the first change in the overnight lending rate since October 2018.

This follows a day after the U.S. Federal Reserve cut the Federal Funds rate by 50 basis points in an emergency session—part of a coordinated effort by global monetary and fiscal authorities to provide support to the global economy.

The reason for the move was largely due to increasing risks of major supply chain disruptions resulting from the COVID-19 virus. According to the announcement, COVID-19, and efforts to contain the virus, are likely to cause business activity to decline. The virus has already caused a decline in global commodity prices, consequently lowering the value...Read More