Bank of Canada's Rate Cut: What it Means for Your Real Estate Decisions

In a significant move that impacts Canada's real estate landscape, the Bank of Canada has reduced its overnight rate by 50 basis points to 3.25%. As your trusted real estate advisors, MaxWell Realty is here to help you understand what this means for your property decisions.

Understanding Today's Market Shift

This substantial rate cut reflects the Bank's response to current economic conditions, with inflation holding steady around 2% since summer. For real estate decisions, timing and understanding become crucial. The change signals a potential shift in market dynamics that could affect both buyers and sellers in different ways.

Impact on Home Buyers

The rate…

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Congratulations to our sellers on the successful sale of their home!

Not only did it sell quickly, but we also achieved over the asking price - proof that preparation, strategy & teamwork truly pay off!

Thank you for trusting us with such an important step in your journey. Wishing you all the best as you move forward to your next adventure!


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* Article courtesy from The Bank Of Canada

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization.

The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, the economy continues to show broad-based strength, with robust consumption and a solid labour market. US inflation has been holding steady, with some price pressures persisting. In the euro area, recent indicators point to weaker growth. In China, recent policy actions combined with strong exports are supporting growth, but household spending remains subdued. Global financial…

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As the holiday season approaches, one Edmonton tradition shines brighter than the rest—Candy Cane Lane. Nestled in the heart of the city, this beloved seasonal event transforms a charming west-end neighborhood into a sparkling wonderland of lights, decorations, and festive cheer.

A Tradition of Holiday Magic

Candy Cane Lane has been spreading joy in Edmonton since 1968. Each year, the residents of this picturesque community come together to create a mesmerizing display of holiday lights and decorations. Spanning several blocks, the event attracts families, friends, and visitors who stroll or drive through the neighborhood to take in the festive sights and sounds.

When and Where

Dates: Candy Cane Lane is open from December 12, 2024 –…

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It’s officially the most wonderful time of the year! ????✨ The first week of December is here, and it’s time to kick off the holiday season with festive cheer, cozy vibes, and—let’s face it—an unhealthy amount of hot chocolate. But hey, it’s December. Calories don’t count during the holidays, right?

Let’s take a quick look at what makes the first week of December so special, and how we can squeeze every last drop of joy out of it.

1. Advent Calendar Magic

Whether you’re opening tiny windows for chocolates, beauty treats, or mini bottles of wine (yes, that exists), the first week of December is when the excitement truly starts. There’s something so satisfying about knowing that each day brings a tiny, delightful surprise. It’s a small but…

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As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month.

The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.

“Housing supply has been a challenge over the past several years due to…

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