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The Bank of Canada announced today that it is raising the overnight rate .25 per cent given a strong economy and despite the uncertainty surrounding NAFTA. The Bank noted that the Canadian and global economies continue to strengthen, but that NAFTA is a definite concern so they will be cautious about any future rate hikes. The next rate-setting day is Wednesday, March 7.

 

Homeowners with variable-rate mortgages will see their rate increase along with a possible modest payment increase....

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In a very difficult market, Graham managed to bring many perspective buyers through our home, providing timely feedback after each showing. Graham was always professional, courteous and pleasant to deal with.


20-Dec-17

Rob & Carolyn H.

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The Home Buyers' Plan (HBP) is a program that allows you to withdraw some of your Registered Retirement Savings Plan (RRSP) tax-free to use towards the purchase of a home. Even if you are aware of the program, there may be some things about it that you do not know. 

 

Home Buyers' Plan - How It Works

The program allows you to pull out up to $25,000 of RRSP's per person to be used towards a primary residence purchase. If you are a couple and you both qualify to use it, your max...

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You made the entire process very clear, easy and much lower stress than I expected. I really appreciated the low-pressure and honest opinions of each house we looked at. I didn't think finding the perfect home would be that easy!

 

28-Aug-17

Ryan C.

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I can't recommend Graham highly enough for any buyer. He definitely puts the client's needs above all and is really knowledgable about Edmonton's housing market. From day one, he listened to my needs, helped me find a place that fit my wish list and budget and made the experience a real pleasure. 
 
26-Aug-17
Tom M.
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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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