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Important Real Estate Statistics

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In my continued effort to provide you with the most timely and relevant Real Estate information please follow the link below to review the February 2014 Real Estate Activity Statistics as provided by the Realtor Association of Edmonton.

 

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

 

It has been a great start to the year with solid demand from buyers and rapid results for sellers. If you or anyone you know is considering as purchase or sale this year the time to start is now. I would look forward to speaking to you anytime at 780-908-1224780-908-1224.

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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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