FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 7, 2022

The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening.

The global and Canadian economies are evolving broadly in line with the Bank’s July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices.

Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated,…

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How to minimize water damage

It’s amazing how much damage water can cause. Just two gallons of water from a burst pipe or overflowing toilet can wreak havoc throughout your home and necessitate thousands of dollars in repairs. Ouch!

What should you do at the first sign of water leakage?

  1. First, stop the source. Turn off the nearest water valve. If you can’t find it, turn off the main water valve to your home.
  2. Next, do everything you can to soak up as much water as possible. If necessary, lift carpeting. Pay particular attention to water settling next to walls or inside ductwork. Get these areas dry as quickly as possible.
  3. Contain the water. This is important. Do your best to prevent water from infiltrating other rooms to prevent further damage. Once the…

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City of Calgary, September 1, 2022 – August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.”

At the same time, new…

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Moving to a new home and new school can be upsetting for some children. Helping them to prepare for the move will make the adjustment less stressful.

· Get them excited about moving. Show them pictures of their new room, and give them ideas of where things can go. If you are painting, let them help choose the colour, and give them some freedom to decorate.

· Be prepared that the first night sleeping in a new place might end up becoming a sleepless night. Reassure your child that it takes time to get used to a new home.

· Take a tour of the school. Helping them to become familiar with what the school looks like and how to get to their classroom, the lunch room, etc., will ease any stress they might have the first day they attend.

· Encourage…

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Imagine you’re shopping for a used iPhone 11 that’s in good condition. You visit a resale website and discover that most are selling for approximately $350. Would you be willing to pay $400? Probably not. The market value is obviously well-established. There would be no reason to pay more.

Pricing your home for sale is similar. Your home has a market value and, if you were to list it, buyers would expect to pay close to that amount. If you price it too high, many buyers won’t even bother to see it. If you price it too low, you’ll leave money on the table.

Many factors come into play when calculating that market value – neighbourhood, street characteristics, special features, upgrades, condition, etc. However, the most important factor is…

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Sara Shackell - MaxWell Canyon Creek

Amrit Deol- MaxWell Polaris

Corinna Boyce- MaxWell Polaris

Mayank Jain - MaxWell Progressive

Youngmi (Gemma) Lee - MaxWell Capital Realty

Elizabeth Heath - MaxWell Canyon Creek

Manpreet Wander - MaxWell Central

Kate Kim - MaxWell Devonshire Realty - Lethbridge

Aashish Kehair- MaxWell Central 

Dave Miller- MaxWell Capital Realty Cardston

Jogy Mathew- MaxWell Devonshire Realty - Sherwood Park  

Kanwarjit Gill- MaxWell Polaris 

 

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Imagine you’re shopping for a car. You find one that’s a suitable model, a recent year, and hasn’t been driven a lot. The price is right, too. But, there’s a caveat. The paint is worn off in several places. The driver’s seat upholstery is torn and requires repair. And, the tires needed to be replaced… a long time ago. Would you still buy it?

You might. However, unless you enjoy fixing up cars, you’d probably hesitate to make the purchase. After all, in addition to seeing the car itself, you’re noticing the work that needs to be done to fix it. The same holds true when selling your home.

The more “move-in” ready you make the property the more likely buyers are to become interested in buying it. Like when viewing a car, you want buyers to focus on…

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