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Important Real Estate Statistics

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It may be hard to believe but the first month of 2014 has come and gone.

 

As always, to give you the timeliest information on the goings on in your Real Estate market I am including link to the January 2014 Real Estate activity statistics as provided by the Realtor Association of Edmonton.

 

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

 

2014 is shaping up to be a strong and active year Real Estate wise and if you or anyone you know is considering purchasing, selling or investing in residential Real Estate this year the time to put your strategy together is now.

 

Please call 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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