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December 2013 and 4th Quarter 2013 Real Estate Activity Statistics

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Happy New Year.

 

I hope you had a festive and safe holiday season.

 

For your review I have included a link below to the Real Estate activity statistics as provided by the Realtors Association of Edmonton.

 

http://www.ereb.com/News&Events/LatestMarketStatistics.html

 

If there is even a small chance that a Real Estate purchase or sale is on the horizon for you or someone you know in 2014 now is the time to have an initial conversation and even start to put a strategy in place so you can maximise the opportunities that are out there.

 

I am always available at 780-908-1224 and would look forward to speaking to you soon.

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Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

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