The next Bank of Canada meeting is December 7, 2022 Jerome Powell, BoC Govenor, is saying that we should expect an additional interest rate rise of 0.5% at the next meeting.  He has said that they want to slow the increases as they near what they expect the target interest rate to be in order to slow inflation to the two percent range.  The worry is that if they overshoot the target interes ...

Hello All;Airdrie detached property market remains very strong.  To show what I mean, let's look at all detached properties priced between $400,000 and $600,000, currently active, and properties sold in the last 14 days.  There are 17 sales in the last two weeks and 28 properties active on the market.  This gives a "Months of Inventory" of less than one! This shows that properties are selling ...

Happy winter everyone!With interest rates continuing to climb, it is important that for those of you with a mortgage coming up for renewal that you shop around. 60 to 90 days ahead of your mortgage needing renewal it would be an idea to reach out to a Mortgage Broker to see if you can find a better rate!  Who knows... your bank may even match the better rate!One thing to remember is that if y ...

Sales remain stronger than pre-Covid levels! Here is a summary of Benchmark housing prices by sector: Row Housing: price is unchanged since April and up by 15% year over year. (y/y) Semi Detached: price is back to February prices… it is down by 4.4% since the peak in May, however prices are still up by 8%y/y. Apartment: price is more or less unchanged since May and is up by 10% y/y. Deta ...