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Important Real Estate Statistics

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As we enter the 2nd quarter of 2014 and the promise of spring please take a moment to review the March 2014 and 1st quarter 2014 Real Estate activity statistics as provided by the Realtor’s Association of Edmonton.

 

The average single family house price now sits over $432,000!

 

Just follow the link...

 

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

 

If you or any one you know is considering a sale or purchase in 2014 the time to have the initial conversation is now. Please call me 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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