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Important Real Estate Statistics

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Happy Fall.

 

As our lives return to some of the regular routines of the fall we reflect on a wonderful summer.

 

Please use the link below to review the Real Estate activity statistics for August 2014 in the Edmonton and surrounding area.

 

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

 

It would be my pleasure to discuss these trends with you and more specifically how they may be affecting your personal Real Estate

 

I am always available 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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