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The Best of the Season to You and Yours

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I would like to take this opportunity to offer my best wishes to you and your family. I hope 2013 was a fantastic year and that 2014 will only be better. I am deeply grateful for your loyalty, trust and business this past year. I look forward to being you preferred choice for residential Real Estate information and services.

 

I have also included a link to the Real Estate activity statistics for November 2013 as provided by the Realtors Association of Edmonton for your review.

 

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

 

As always I would love to discuss how these trends are impacting your Real Estate and strategies moving forward.

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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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