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Important Real Estate Statistics

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Another month has passed with definitive proof that the spring market is in full swing. Please take a moment to review the Real Estate activity statistics as provided by the Realtors Association of Edmonton.

 

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

 

Please call me at 780-908-1224 to discuss how these trends are opening your Real Estate possibilities.

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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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