Found 6 blog entries tagged as interest rates.

Bank of Canada Rate Decision: September 17, 2025 Forecast – Will the Overnight Rate Finally Drop?

Here’s a look at why the Bank of Canada is likely to reduce interest rates for tomorrow's rate announcement, and what it means for you.

Why a cut is on the table

1) Inflation is back near target (and softening under the hood).
August CPI came in at 1.9% year-over-year, below expectations and essentially at the Bank’s 2% midpoint. Ex-gasoline CPI eased to 2.4%, while the Bank’s preferred core measures (CPI-median and CPI-trim) held around 3.1% and 3.0% and have been edging down. Markets took that as “permission” for a cut. 

2) Growth has rolled over.
Q2 GDP contracted at a –1.6% annualized pace, much weaker than Q1 and consistent with the Bank’s…

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Navigating the Edmonton Real Estate Market in June 2024: Key Insights for Home Buyers & Sellers

The latest updates from the Bank of Canada and the REALTORS® Association of Edmonton provide vital insights for anyone eyeing the Edmonton real estate market. Here's what you need to know.

Bank of Canada Rate Cut

On June 5, 2024, the Bank of Canada announced a 25 basis points reduction in its policy rate, bringing it down to 4.50%. This move is aimed at supporting economic growth and ensuring inflation stays within the target range. For home buyers in Edmonton, this means potential relief in mortgage interest rates, making home financing slightly more affordable.

More information here:…

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Bank of Canada Interest Rate Announcement - July 12, 2023

As widely expected for today's rate announcement, the Bank of Canada has raised their policy rate to 5%. Another .25% mirroring the last increase back on June 7th. This is now the 10th rate increase since early 2022.  Image sourced from Bank of Canada website: https://www.bankofcanada.ca/2023/07/fad-press-release-2023-07-12 The Bank of Canada stated that "Canada’s economy has been stronger than expected, with more momentum in demand. Consumption growth has been surprisingly strong at 5.8% in the first quarter. While the Bank expects consumer spending to slow in response to the cumulative increase in interest rates, recent retail trade and other data suggest more…

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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


edmonton-real-estate-market-update-rae

Infographic from the Realtors Association of Edmonton®

Average Price 

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Edmonton Real Estate Market Update - June 2022

It has been an interesting real estate market this year, and if you have been watching the headlines, it's probably been one of the more confusing times in real estate with so many different opinions... "interest rates are down"... "now up"... "it's a great time to buy"... "now it's not"... "its a great time to sell"... "now it's not"... "the market is up"... "now it's down"... If you're watching this and thinking "what the heck is going on", you are not alone. In this blog, I'm not only hoping to bring you up to speed on what has transpired this year, but give you some direction as to what we can expect moving forward. 

So, what has been going on in the Edmonton real estate market?

It has been a…

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