Real Estate Statistics for May 2013

In a continued effort to keep you as up-to-date as possible please use the link below to review the Real Estate activity statistics for Edmonton and the surrounding areas for May 2013 as provided by the Realtors Association of Edmonton.

 

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

 

Keeping track of these trends will be very helpful as you consider a sale or purchase of residential Real Estate.

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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.