October 2024

0.50% Bank of Canada Interest Rate Cut Expected 10/23/24

Posted on Oct 16, 2024

The likelihood of a 0.50% (i.e. key interest rate = 3.75%) interest rate cut by the bank of Canada on 10/23/24 became likely yesterday (i.e. 10/15/24) after Stats Canada reported annual inflation @ 1.6% in September; 0.40% below the central bank target.

While home, rent and food prices continue to creep higher, lower gasoline prices are the main con...

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Alberta Land Title/Mortgage Registration Fees Increasing by 250%

Posted on Oct 09, 2024

Beginning October 20, 2024, Alberta property owners will experience increased home purchase closing costs due to a +/- 250% increase in Alberta land transfer/mortgage registration fees. 

The new fees will affect the transfer of land, registration of the resulting mortgage and some caveats. 

Specifically, there will now be a $50 flat fee, along with a l...

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Cochrane Real Estate Market Begins to Level Off

Posted on Oct 01, 2024

In accordance with the Calgary Real Estate Board's (i.e. CREB's) recently released sales data, Cochrane housing inventory has reached it's highest level since the end of 2020 (i.e. pre-pandemic).

While sale prices have begun to taper ever so slightly, they remain 8.70% higher than this time last year. Combining this with the fact that Cochrane home...

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