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Important Real Estate Statistics

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Happy New Year.

 

As the holiday season concludes and we all return to normal routines please take a moment to review the wrap up statistics for the Edmonton and area Real Estate market as provided by the Realtors Association of Edmonton.

 

The link below with provided both the December 2012 and 4th quarter 2012 Real Estate activity statistics.

 

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

 

Please give me a call anytime at 780-908-1224 to discuss your 2013 Real Estate endeavours.

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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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