The Bank of Canada announced today that it is holding the overnight rate steady, again citing escalating geopolitical and trade conflict risks, which are undermining the global expansion. The Bank also noted that in Canada, the response to the strict qualifying guidelines that went into effect January 1 slowed first quarter growth. The next rate-setting day is Wednesday, May 30.
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Tips to a Smooth Sailing Sale

 

1.       Get the right, good advice!  We know that everyone has an opinion. Wisely choosing where you get advice and how you educate yourself regarding selling a property will set you on the right course from the start. Even the best advice from the previous year may not be the appropriate in the current market. I am a full time Edmonton and area residential Real Estate specialist and am on top of the most current trends, information...

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Graham was a pleasure to work with in the purchase of my home. Since it's was my 1st house purchase, I was a bit overwhelmed but having Graham as a Realtor really made a difference. He's friendly, professional, trustworthy and very knowledgeable when it comes to buying a home. He even recommended a mortgage broker and lawyer who were both excellent choices. I would recommend Graham to my family/friends and hopefully can use him as my Realtor when I decide to purchase my next home.   ...

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5 Tips to Gain Traction and Find the Home of Your Dreams


1.       Take control from the start! Get a Pre-Approved Mortgage; this puts you in the driver’s seat, and ready when that perfect home reveals itself. Combine that with continuously changing mortgage rules and rate’s make a full pre-approval a necessity. You will shop with confidence, clarity and on budget, with a rate, terms and conditions to suit you. I have an excellent data base of experienced mortgage...

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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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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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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.