Found 3 blog entries tagged as ECONOMY.

Canadian interest rates increased January 25th 2023, and what It means for you

Its official - the Bank of Canada has raised interest rates again. While this doesn't come as a huge surprise to those of us who have been paying attention to the economy, it's still worth discussing what this means for home buyers, sellers, and investors in Canada. For starters, it's important to note that only variable mortgage rates will be affected by this change. Fixed mortgage rates remain unchanged at this time, and in some instances have started to come down as well. The BoC has also indicated that they plan to pause any future increases which is a good indication we may have seen the last increase before they eventually subside. So, if you're shopping for a new home…

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EDMONTON REAL ESTATE MARKET UPDATE - OCTOBER 2022

The housing market in Edmonton is transitioning once again.  We've already seen changes over the last 12 months; going from an aggressive sellers market, to what I'd consider a more balanced market today. Even though the frenzied market of earlier this year has slowed down, I feel this is a much more normalized market, one that we are used to here in Edmonton. There are a few factors that seem to be contributing to our current landscape, but before we get into that, let's take a look at some of the recent sales activity for the Edmonton market in the month of September.

Edmonton Real Estate Market For September 2022


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Infographic from the Realtors Association of Edmonton®

Average Price 

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Edmonton Real Estate Market Update December 2021

Well, here we are in early December, when the real estate market it typically heading into hibernation for the holidays, but not this year. For December, the market remains fairly active compared to your more typical year. So what gives? What is causing this continued activity? 


There are a couple things that I see driving this activity. I'll explain them below in a bit more detail.


1) Interest Rates - I feel this is probably the biggest reason why we are seeing a bit more activity than normal for this time of year. Over the last year, we have witnessed some of the lowest interest rates we have seen. Currently, they sit somewhere in the mid 2%'s, give or take depending on the person, and…

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