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Important Real Estate Statistics

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Good day and happy summer to you. 2013 is already half over and the Real Estate market continues to be very active.

 

For your interest and as a resource please take a moment to review the June 2013 and 2nd quarter 2013 Real Estate activity statistics as provided by the Realtor Association of Edmonton with the link below.

 

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

 

It would be my pleasure to discuss these trends and anything else Real Estate with you any time.

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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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