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Important Real Estate Statistics

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With the 2nd quarter now in the history books for 2014 we look forward to some fun in the sun and to carry the momentum of the first half of the year into the summer and fall.

 

So as you relax on the deck and enjoy an iced tea take a moment to review the Real Estate Activity Statistics as provided by the Realtor Association of Edmonton.

 

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

 

It would be my pleasure to chat with you about these stats or any of your Real Estate needs. I am available today 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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