The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

The global economy grew by about 3% in the first quarter of 2024, broadly in line with the Bank’s April Monetary Policy Report (MPR) projection. In the United States, the economy expanded more slowly than was expected, as weakness in exports and inventories weighed on activity. Growth in private domestic demand remained strong but eased. In the euro area, activity picked up in the first quarter of 2024. China’s economy was also stronger in the first quarter, buoyed by exports and industrial production, although domestic demand remained weak. Inflation in…

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The Bank of Canada has lowered its overnight rate target to 4.75%, with the Bank Rate at 5% and the deposit rate at 4.75%. They are still working on normalizing their balance sheet.

In the first quarter of 2024, the global economy grew by about 3%, matching the Bank's predictions. The U.S. economy grew slower than expected due to weak exports and inventories. In the euro area and China, the economy grew more than anticipated, although China's domestic demand was still weak. Inflation in advanced economies is decreasing, but progress is uneven. Oil prices and financial conditions have remained stable since April.

In Canada, the economy grew by 1.7% in the first quarter of 2024 after stalling late last year, though this was slower than…

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In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high, it is 34 per cent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limited supply choice compared to last year.

"Although new listings have increased, much of this growth is in higher price ranges for each property type," said Ann-Marie Lurie, Chief Economist at CREB®. “Our strong economic situation has supported sales growth in these higher price ranges. However, this month's sales could not offset the declines in the lower price ranges due to a lack of…

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Congratulations to our buyers on their new build! We are so excited you have found the perfect location to build your new home! We cannot wait to see the progress & the final result! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #airdrie #bayside #newbuild #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Moving to Edmonton: Embrace the Best of Alberta’s Capital

Are you considering a move to a vibrant, welcoming city that offers a perfect blend of urban living and natural beauty? Look no further than Edmonton, Alberta's capital. Known for its stunning river valley, thriving arts scene, and robust economy, Edmonton promises a high quality of life and a host of opportunities. Here are some of the most attractive aspects of Edmonton that might make it your next ideal home.

1. Affordable Living
Edmonton boasts a relatively low cost of living compared to other major Canadian cities. Housing is more affordable, with a range of options from modern downtown apartments to spacious suburban homes. Lower utility costs and the absence of provincial sales tax make…

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Moving from Ontario to Alberta: A Comprehensive Guide

Relocating from Ontario to Alberta is a significant decision that involves various considerations, from cost of living and employment opportunities to lifestyle and climate differences. This guide answers common questions people have when planning such a move, helping you make an informed decision.

1. Cost of Living

Q: How does the cost of living in Alberta compare to Ontario?

  • Housing: Generally, housing costs in Alberta are lower than in Ontario, especially compared to major cities like Toronto. Cities like Calgary and Edmonton offer more affordable real estate options.
  • Utilities and Groceries: Utilities tend to be slightly cheaper in Alberta due to lower energy costs.…

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