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Monthly Real Estate Statistics from Graham Ogden

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Happy Holiday Season to you and yours.

 

For your information please use the link below to review the Real Estate activity statistics for November 2012 as provided by the Realtors Association of Edmonton.

 

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

 

As always, I encourage you to look closely at the trends within these statistics in conjunction with your current and future Real Estate endeavours.

 

Please call me anytime to discuss these trends 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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