March 4th - 2012

New price index launched by CREA

The Canadian Real Estate Association has launched the MLS® Home Price Index, in partnership with: the Toronto Real Estate Board, Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board,

The Canadian Real Estate Association has launched the MLS® Home Price Index, in partnership with: the Toronto Real Estate Board, Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Calgary Real Estate Board and the Greater Montreal Real Estate Board. This index will provide an additional statistical measure of the state of the housing market in Canada and will confirm REALTORS® as the primary source of reliable housing market information. The index is a set of software tools configured to provide time-related indices on residential markets within territories of participating Canadian real estate boards. It is described as the best and purest way to determining housing price trends. Visit www.homepriceindex.ca.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246