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July 2012 Real Estate Activity Statistics

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I hope that the summer is treating you well.

 

As your thoughts start to turn toward the fall and even the possibility of buying or selling timely information will help you to implement as successful plan. Please take the time to review the July 2012 Real Estate activity statistics as provided by the Realtors Association of Edmonton with the link below.

 

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

 

Please give me a call to discuss these trends, any other Real Estate questions you may have or just to say hi.

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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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