Bank of Canada maintains policy rate, continues quantitative tightening

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.

The global economy continues to slow and inflation has eased further. In the United States, growth has been stronger than expected, led by robust consumer spending, but is likely to weaken in the months ahead as past policy rate increases work their way through the economy. Growth in the euro area has weakened and, combined with lower energy prices, this has reduced inflationary pressures. Oil prices are about $10-per-barrel lower than was assumed in the October Monetary Policy Report (MPR).…

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New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 sales in November, the sales to new listings ratio remained high at 80 per cent, and the months of supply remained below two months.

“Like other large cities, new listings have been increasing,” said CREB® Chief Economist Ann-Marie Lurie. “However, in Calgary, the gains have not been enough to change the low inventory situation thanks to…

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OPEN HOUSE! 123 Reunion Grove NW, Airdrie https://peshketeam.maxwellrealty.ca/.../a2095540-123.../ https://www.youtube.com/watch?v=eHtnPp8O1Xk $775,000 MLS A2095540 Chef's Kitchen, Huge Backyard, Int/Ext Sound System, Irrigation System Large Pie Lot & Upgraded Home 4 Bedrooms Upper Level, Plus Bonus Room & Main Floor Den 2.5 Bathrooms Oversized Garage With Large Driveway Call/message us for more details: 403-681-0319 Welcome to your dream home! This spacious & meticulously designed residence has 9 ft ceilings on both the main floor & basement, creating an airy & inviting atmosphere throughout. As you step inside, you'll be greeted by a welcoming entry way that leads to the office,…

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!JUST LISTED! Open House! Dec 3rd from 1-3pm 123 Reunion Grove NW, Airdrie https://peshketeam.maxwellrealty.ca/.../a2095540-123.../ https://www.youtube.com/watch?v=eHtnPp8O1Xk $775,000 MLS A2095540 Chef's Kitchen, Huge Backyard, Int/Ext Sound System, Irrigation System Large Pie Lot & Upgraded Home 4 Bedrooms Upper Level, Plus Bonus Room & Main Floor Den 3 Bathrooms Oversized Garage With Large Driveway Call/message us for more details: 403-681-0319 Welcome to your dream home! This spacious & meticulously designed residence has 9 ft ceilings on both the main floor & basement, creating an airy & inviting atmosphere throughout. As you step inside, you'll be greeted by a…

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!Coming Soon! Open House! Dec 3rd from 1-3pm $775,000 123 Reunion Grove NW, Airdrie Chef's Kitchen, Huge Backyard, Int/Ext Sound System, Irrigation System Large Pie Lot & Upgraded Home 4 Bedrooms Upper Level, Plus Bonus Room & Main Floor Den 3 Bathrooms Oversized Garage With Large Driveway Call/message us for more details: 403-681-0319 #comingsoon #Reunion #airdrie #airdrierealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Congratulations To Our Sellers!! Congratulations! We wish you all the best on your new adventure! Cannot wait to hear all about it! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #strathmore #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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When you’re shopping for a new home, you’ll likely have a list of "must-haves" that are essential to your ideal living space. However, there are circumstances in which it may be worth compromising on your list of non-negotiables. Location While having four bedrooms or a large backyard may be high on your priority list, a desirable location with easy access to schools, work, and amenities could outweigh those specific features. Keep an open mind and consider adjusting your must-haves if it means securing a home in an ideal neighbourhood. Budget Sometimes, your dream home may exceed your price range. In such cases, it can be beneficial to explore properties that may lack a few desired features but offer the potential for customization or renovation…

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!JUST LISTED! #308 - 305 1st Ave NW, Airdrie https://peshketeam.maxwellrealty.ca/.../a2093153-308-305.../ $220,000 A2093153 Senior Living At Fletcher Village Convenient & Cozy Suite 1 Bedroom 4 Piece Bathroom Call/message us for more details: 403-681-0319 Step into serenity with this charming 1-bedroom, 4 piece bathroom, seniors retreat located on the 3rd floor, nestled within the Fletcher Village apartment complex. Enjoy living in the heart of Airdrie’s downtown in this adult only, 60+ building! This thoughtfully designed residence features an open concept layout including a functional kitchen, dining area & a cozy living room with back door. This leads outdoors to your private, covered balcony which is a…

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As we tend to spend more time indoors during cold weather, eager do-it-yourselfers need to look for some interior reno projects to keep them occupied. Here are some low-cost tasks you can tackle that will help improve your home’s energy efficiency and maybe even save your life.
Install a smart thermostat
If you don’t already have one, it’s worthwhile to install a “smart” or programmable thermostat. These enable you to turn down the heat during the day when everyone’s out, and then automatically bring it back to your desired setting by the time you get home. Overnight, you can set it to lower the temperature, which both saves money and helps everyone get a better night’s sleep. Most thermostats use low-voltage wiring but you should still turn off…

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