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The Real Estate Council of Alberta (RECA) is the independent governing authority for Alberta’s real estate brokerage, mortgage brokerage, property management and real estate appraisal professionals.  Anyone representing buyers and sellers must be licensed with them.  You can easily search their website to check that your professionals are licensed.


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We are deeply saddened by the recent tragic events that unfolded in Ottawa and St-Jean-sur-Richelieu, and send our thoughts to the families of our fallen Canadian soldiers. Thank you so much for your service.

 

While the Bank of Canada Governor Stephen Poloz did not appear before the House of Commons Finance Committee, a Bank of Canada press release was issued earlier in the morning that announced it is keeping the overnight rate unchanged, exactly where it’s been for more than four years,...

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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...

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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.

Data last updated on September 12, 2025 at 05:30 AM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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