Important Real Estate Statistics

Another month has now passed and we enter the optimism of the spring season as well as the 2nd quarter of 2013. This is often the time that you or someone you know will consider buying, selling or investing in residential Real Estate.

 

Please use the link review both the March 2013 and the 1st quarter Real Estate activity statistics for the Edmonton and area market as provided by the Realtor Association of Edmonton.

 

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

 

It would be my pleasure to be a sounding board for your Real Estate ambitions this year. Please contact me anytime at 780-908-1224.

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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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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.