Working with a knowledgeable real estate agent can help reduce the stress of moving to a new area. I’m part of a network of trusted professionals located all over North America. If you need a referral for an agent in another area, I’d be happy to connect you to one!

Craig Finnman
RE/MAX Elite
(780) 982-1589⁠
craig@craigfinnman.ca

Breaking news from the Bank of Canada! The policy interest rate has just been slashed by 50 basis points, bringing it down to 3.75%. So, what does this mean for you?

For homeowners and prospective buyers, this rate cut could mean lower monthly payments, more affordable mortgage options, and new opportunities for refinancing. If you've been waiting to make a move, now might be the perfect time.

On the consumer side, inflation has eased and is back around 2%, helping lower prices on everything from groceries to gas. With this rate cut, you might find more room in your budget as borrowing costs drop.

For businesses, the lower rates create opportunities to invest and grow. Whether you’re expanding or starting a new venture, borrowing is now more affordable. Plus, the Canadian economy is expected to grow steadily over the next few years.

With the Bank of Canada reducing interest rates, now is the time to rethink your financial strategy. From housing to business to everyday spending, this decision impacts us all. Stay informed and make sure you’re positioned to benefit from these changes!

Need more insights? Contact me today to explore your options.

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Inventory is decreasing, which means less competition! While unit sales dipped 12.6% from August, we’re still seeing prices on the rise, with the average residential price up 11.7% from last year. Now’s a great time to capitalize on increased home values! Detached homes are averaging 37 days on market.

With interest rates holding steady, it’s still a great time to secure a home before the inventory tightens further. Detached home prices increased 1.3% from last month, now averaging $552,684. Row/townhouses remain affordable, with prices up 9.6% year-over-year. However, properties are staying on the market a little longer, giving you more time to make your move!

Edmonton’s market remains steady and predictable, making it a prime spot for long-term investment. Semi-detached units saw a 16.8% price increase from last year, and townhouses are up 9.6% YOY. Take advantage of stable prices and competition over lower inventory.

Get ahead of the fall market shift! Whether you're buying, selling, or investing, there's opportunity out there for you. Let’s chat about how to make the most of it!

Craig Finnman
RE/MAX Elite
(780) 982-1589⁠
craig@craigfinnman.ca

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