The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

Global economic growth continues to slow, with inflation easing gradually across most economies. While growth in the United States has been stronger than expected, it is anticipated to slow in 2024, with weakening consumer spending and business investment. In the euro area, the economy looks to be in a mild contraction. In China, low consumer confidence and policy uncertainty will likely restrain activity. Meanwhile, oil prices are about $10 per barrel lower than was assumed in the October Monetary Policy Report (MPR). Financial conditions have eased, largely…

126 Views, 0 Comments

Read Full Post

As I'm sure most of you have heard, the Bank of Canada decided to hold its benchmark interest rate steady at 5% yesterday. This marks the 4th interest rate hike in a row, and suggests that cuts may be on the horizon. 

For any questions, or if you'd like to discuss how this might affect your real estate decisions, please do not hesitate to reach out to us!

 

77 Views, 0 Comments

Read Full Post

City of Calgary, Jan. 23, 2024 – The Calgary Real Estate Board (CREB®) is pleased to announce the release of its highly anticipated 2024 Forecast Calgary and Region Yearly Outlook Report. This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, offers a detailed analysis of Calgary's economic and housing market trends and surrounding areas for the upcoming year.

The report delves into the impact of rising lending rates on the housing sector, as buyers looked for more affordable housing options, and some potential sellers held back from listing to navigate the challenges posed by higher lending rates.
 
Chief Economist Ann-Marie Lurie underscores this dynamic, stating, "Despite higher rates, 2023 was a year of relatively strong…

155 Views, 0 Comments

Read Full Post

Embarking on the journey of selling your home? Well, buckle up, because it's not just about listing and waiting. In this blog, we're unveiling the hidden gems – the secret sauce, if you will – that we at Team Paul Lamba use to propel homes off the market faster and with a bigger bang. From strategic marketing moves to behind-the-scenes wizardry, get ready to discover the 12 hidden ways that Team Paul Lamba helps homeowners sell faster and for more money.

Strategic Staging Magic: We are the masters of first impressions. We know that a well-staged home can make potential buyers fall head over heels. From rearranging furniture to suggesting minor decor tweaks, the art of staging is our secret weapon.

Pricing Wizardry: Forget the one-size-fits-all…

174 Views, 0 Comments

Read Full Post

Congratulations to our sellers! Congratulations to our sellers on the sale of their beautiful home! We are very excited for your next journey! We wish you all the best! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #reunion #airdrie #airdrierealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

120 Views, 0 Comments

Read Full Post

 The Realtors Association of Edmonton just had their 2024 Housing Forecast, so we wanted to break down some key elements of what was discussed.

With all of the factors heading into this year (e.g. increased migration to Alberta, potential for significant interest rate decreases and shortage of detached single-family homes), this could be a very exciting year in the real estate world.

If you have any questions, or would like to discuss any of the above in further detail, please do not hesitate to reach out to the YEGListings Group!

90 Views, 0 Comments

Read Full Post

Welcome, fellow adventurers of the real estate realm! Today, we embark on a fantastical journey through the enchanting world of unique and extraordinary homes that defy the conventional norms. Buckle up as we explore the whimsical, the eccentric, and the downright extraordinary in the realm of real estate.

The Upside-Down House: Where Gravity Takes a Backseat

Imagine a home where the laws of physics are turned on their head – literally! Enter the realm of the upside-down house, where ceilings become floors, and floors transform into ceilings. This mind-bending architectural marvel is not just a home; it's a gravity-defying experience that challenges your sense of orientation.

Hobbit Holes in the Suburbs: Embrace Your Inner Frodo

…

101 Views, 0 Comments

Read Full Post

With no apparent relief from elevated interest rates on the horizon, the shortage of inventory is helping keep sales volumes (and average sales prices) at reasonable levels. Sales volumes are up across the board versus same month last year, but down compared to Sept 2023.

For more information on how this has impacted your property, or any other questions, reach out to the YEGListings Group!

77 Views, 0 Comments

Read Full Post

 *Special thanks to Bocc Home Inspections for this great article!

What is Attic Rain?

Attic rain occurs when moisture enters the attic space during colder months which then freezes and builds up a layer of frost within the attic. When temperatures rise, the frost melts and drips onto the upper level ceiling. Moisture spots and stains on the ceiling of the upper level (or main level in a single story home) can be a sign of attic rain.

When does is Occur?

Attic rain most commonly occurs when temperatures rise after a cold spell, during the winter months and in the spring. It is most common in newer home as they built to be more air-tight which reduces air flow and traps moisture within the home.

What Causes Attic Rain?

Attic rain is…

156 Views, 0 Comments

Read Full Post