Category: Uncategorized

Understanding the Bank of Canada's interest rate decision on March 6, 2024. Continue to full article

Edmonton's commercial real estate is expected to see a rise in investment activity in 2024. Credit conditions are returning to normal, providing better access to finance capital. The market is poised for growth, especially in Alberta, with a focus on industrial growth and less vacancy in office spaces. Real estate investors need to enhance building…

Inflation easing and a slowing economy prompt expectations of a more dovish tone from the Bank of Canada, with no rate cut yet. Forecasts suggest rate cuts in the second half of the year, potentially bringing the overnight rate to 3.50% – 4.00%. Despite easing inflation, the Bank remains cautious about interest rate cuts. Continue…

Edmonton experiences the fastest yearly rent growth in Canada. Mid-Q1avg 1-bedroom rent: ↑ 1.6% MoM and ↑ 27% yearly to $1,270

Economists suggest that a strong housing market and increased federal spending may delay anticipated interest rate cuts until the fall. Some experts believe that the first rate cut could happen in September, citing temporary softness in core inflation. Others argue that the Bank of Canada should not overlook rising shelter costs when considering rate cuts.…

In 7 markets, the gap between monthly mortgage and rent is under $500. Edmonton shows a $253 difference between rent and mortgage payments.

Early-Q1 2024 avg home price: $370,100 – Stress test rate: 7.71% – Mortgage rate: 5.71%