Important Real Estate Statistics for August 2012

In a continued effort to keep you up-to-date with the most relevant and timely Real Estate information please take a moment to review the Real Estate activity statistics for August 2012 as provided by the Realtor’s Association of Edmonton with the link below.

 

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

 

I would be glad to discuss these trends and any other Real Estate questions you may have. Call me direct 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.

Copyright 2019 by the REALTORSĀ® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORSĀ® Association of Edmonton.