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The Bank of Canada today increased its target for the overnight rate to 4.25%, with the Bank Rate at 4.5% and the deposit rate at 4.25%. The Bank is also continuing its policy of quantitative tightening.

Inflation around the world remains high and broadly based. Global economic growth is slowing, although it is proving more resilient than was expected at the time of the October Monetary Policy Report (MPR).

In Canada, GDP growth in the 3rd quarter was stronger than expected, and the economy continued to operate in excess demand. Canada’s labor market remains tight, with unemployment near historic lows.

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While commodity exports have been strong, there is growing evidence that tighter monetary policy is restraining domestic demand: consumption moderated in the third quarter, and housing market activity continues to decline.

Overall, the data since the October MPR support the Bank’s outlook that growth will essentially stall through the end of this year and the first half of next year. CPI inflation remained at 6.9% in October, with many of the goods and services Canadians regularly buy showing large price increases. Measures of core inflation remain around 5%.

Looking ahead, Governing Council will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target. Quantitative tightening is complementing increases in the policy rate. We are resolute in our commitment to achieving the 2% inflation target and restoring price stability for Canadians.
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“Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row,” says CREA’s Senior Economist, Shaun Cathcart

Wondering how this impacts your home buying or selling decision? Are you interested in moving out of the province? Connect with me to discuss your options and for a trusted referral.⁠

Craig Finnman
Re/Max Elite
craig@craigfinnman.ca
780-982-1589

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Following your heart and what you're passionate about is important since you'll be more resilient and enthusiastic when overcoming obstacles. It helps you to have a more positive outlook and can overcome difficulties through problem-solving. If you've been waiting... what for? Start immediately!

Craig Finnman
Re/Max Elite
craig@craigfinnman.ca
780-982-1589

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IMMACULATE 8 BEDROOM, 5 FULL BATHS 2 Story in McConachie, with modern finishes and custom design!

17027 65 Street, Edmonton, AB
MLS#: E4320760

2,852 sq/ft
8 BEDROOMS
5 BATHROOMS
BUILT-IN: 2017

Walk into a spectacular grand foyer/living/dining areas. Dream kitchen beyond, with upgraded finishes, open concept to family room with gas fireplace.

**EXPLORE IN 3D** 

The main bedroom and 3 piece bath on the main floor as well. Upstairs boasts 4 bedrooms and 3 baths. The primary bedroom offers a walk-in closet, and 5 piece bath with a jacuzzi tub. Three more spacious bedrooms, two with a jack & jill bath, and another 4 piece bath as well. Also, convenient upper-floor laundry! 

**VIEW FULL LISTING** 

FULLY FINISHED BASEMENT, WITH SEPARATE ENTRANCE, with SECOND KITCHEN, huge living area, and 3 MORE BEDROOMS and 4 piece bath. Tankless water heater for water cost savings too! IMMEDIATE POSSESSION! Don't miss out on this UNIQUE HOME!

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Over 2300sq ft 2 Story in FRASER, with GORGEOUS FINISHES! Great location and easy access to Anthony Henday! Just move in and enjoy!

273 Fraser Way, Edmonton, AB
MLS#: E4320010

2,361 sq/ft
4 BEDROOMS
3 BATHROOMS
BUILT-IN: 2015

**EXPLORE IN 3D** 

Off of spacious foyer, is a den/bedroom and 3 pce bath. OPEN CONCEPT kitchen, living, dining areas. Great size kitchen with quartz countertops, and large island, great for entertaining! Great size living room has cozy gas fireplace. 

**VIEW FULL LISTING** 

Wrought iron railing leads you to the upper level with grand hall, great size bonus room, HUGE LAUNDRY ROOM with sink. Primary bedroom has a large walk in closet and 5 pce ensuite with 2 sinks, large shower and jacuzzi tub. 

New central air conditioner (one yr old). Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Your tone of voice and the words that you use can sometimes be the difference in whether a conversation is positive or not. Here are some great books to check out that offer tips on ways you can ensure that your conversations have the best outcomes.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Wondering what's happening this weekend? Here's a list of a few activities and events that might interest you.⁠

1. Cineplex Community Day – Free Movies⁠

When: November 19th, 2022⁠
Where: Cineplex Theatres⁠
Cost: FREE⁠

Enjoy a morning of free movies on November 19th.⁠ Movie-lovers are invited to kick off the holiday season and visit their local Cineplex theatre to celebrate Community Day by enjoying a FREE movie and helping raise money for BGC Canada.⁠ $1 from every concession order and XSCAPE arcade playcard sale throughout the entire day will go towards supporting youth empowerment programs through partners at BGC Canada.

2. Martin Deerline’s Green Christmas

When: November 19th, 2022
Where: Martin Deerline, 17104 118 Avenue Northwest, Edmonton, AB
Cost: FREE

Join Martin Deerline for a free family event full of Christmas fun! Come out to Green Christmas to have your picture taken with Santa on a John Deere tractor, build Christmas crafts, enjoy Christmas treats and save some money on John Deere gifts!

3. Celebration of Lights

When: November 19th, 2022
Where: Festival Place, 401 Festival Lane, Sherwood Park, AB
Cost: FREE

Wear your favourite holiday sweater or elf hat and join us at the Celebration of Lights! This family-friendly event is entirely free and aims to entertain the whole family with an LED tree show, holiday music, holiday activities and games, as well as a special appearance from both Santa and the Grinch!

Learn More

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Total residential sales decreased 6.7% compared to September 2022 and saw a year-over-year decrease of 21% from October 2021. ⁠

New residential listings decreased 13% month-over-month from September 2022 and saw a slight increase of 0.8% from October last year. ⁠

Overall, all residential listings averaged 47 days on the market, decreasing one-day month-over-month, and no change was recorded from October 2021.⁠

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Single-family home unit sales were down both 22.59% from October 2021 and 2.8% from September 2022 at 869. They averaged 44 days on the market, seeing no month-over-month increase. Single-family homes averaged $462,858, a 2.7% year-over-year increase and a month-over-month loss of 0.3%. ⁠

Duplex/rowhouse unit sales were down both 27% year-over-year and 12.4% from last month. Prices increased 3.7% from October 2021, selling at $372,027, and saw a 1% decrease from September 2022. Duplexes averaged 48 days on the market, increasing by three days as compared to last month. ⁠


Condo unit sales decreased 14.7% from October 2021 and were down 13.9% from September 2022. They sold for an average of $224,252, seeing a small decrease of 0.3% year-over-year and increasing 1.7% when compared to September 2022. Condos averaged 55 days on the market, decreasing by one-day month-over-month. ⁠

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $378,900, both a 0.7% decrease from October 2021 and a decrease of 2.5% from September 2022. ⁠

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!⁠

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Welcome to beautiful Palisades on the Park! Concrete building. Close to public transportation, schools & shopping. Don't miss out on this one!

#309 - 400 Palisades Way, Sherwood Park, AB
MLS#: E4318731

1,145 sq/ft
2 BEDROOMS
2 BATHROOMS
BUILT-IN: 2007
CONDO FEE: $579.88

**VIEW FULL LISTING** 

This great size, 2 Bedroom + Den, is situated in an ideal Sherwood Park location - close to all amenities and convenient access to Yellowhead and Anthony Henday! 

Open concept living/dining/kitchen with granite countertops throughout, ceramic tile, maple cabinets with under-cabinet lighting, stainless steel appliances, and eating bar. 

Primary bedroom has walkthrough closets, and an ensuite with large shower. Nice private balcony with bright, sunny exposure! 

All the building amenities you need plus more, including exercise room, steam room, sauna, social room, theatre room, carwash, and even guest rooms!

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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I have my Re/max Conference Jacket and am ready to go to work in Toronto for Buffini’s Masterclass.

Excited to connect with my Referral Network of the best agents from across Canada. I’ve been asked to be on a panel with 3 other top-performing agents and share our stories.

If you’re in need of a Realtor in another market - reach out to me and I can help you find an agent to serve you.

Thank you to all of you that have supported me- so grateful.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠
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I love what I do and I appreciate all of you! THANK YOU to my client base for all of your dedication and support. I’m extremely grateful for my life in real estate and am always a phone call away ready to answer any of your questions!

Reach out today if you’re ready to sell your Edmonton or Sherwood Park home. I’d love to help!

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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When the overnight rate is increased, it becomes more expensive to borrow money. The increased costs of borrowing money are shifted from the bank onto the consumer by increasing the Prime Rate.

Pre-Approvals are likely to decrease.

Fixed-Rate Mortgages remain the same.

Adjustable Rate Mortgages will increase according to the new Prime Rate minus your discount. (Expect information in the mail).

Static Variable Mortgages payments remain the same but a portion of interest paid to the lender will change.

Reach out with your questions anytime. I can introduce you to a mortgage broker who would be happy to go over your options with you and help you find a mortgage that you're most comfortable with.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Don't miss out on this well-kept 1563 Sq Ft BUNGALOW on a quiet street! Just move in and enjoy!

3336 138 Avenue, Edmonton, AB
MLS#: E4317374

1,563 sq/ft
3 BEDROOMS
2 BATHROOMS
BUILT-IN: 1978

Walk into the spacious living room with large windows. RENOVATED KITCHEN, with granite countertops, custom wood cabinetry, new backsplash, newer appliances, and new vinyl plank flooring. 

**EXPLORE IN 3D** 

Off the kitchen is a cozy sunken-in family room with a gas fireplace and a patio door access to the backyard patio. Three bedrooms on main. The primary bedroom is great, with his and her closets and a 4 piece ensuite. 

**VIEW FULL LISTING**

RENOVATED 4PCE BATH as well. Gorgeous backyard, with patio and storage, shed.Other upgrades to this home include NEW SHINGLES 2014, NEW EXTERIOR DOORS 2019, NEWER WINDOWS, WASHER/DRYER 4 yrs old, and NEWER KITCHEN APPLIANCES. 

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Wondering what's happening in the city this weekend? Here's a list of a few activities and events that might interest you.⁠

1. Edmonton Ski & Snowboard Show⁠

When: October 22nd-23rd, 2022⁠
Where: Edmonton EXPO Centre, 7515 118 Ave NW, Edmonton, AB⁠
Cost: $10-$40⁠

Winter is just around the corner and to kick off the 2022/2023 winter season, check out the Edmonton Ski & Snowboard Show! Find a variety of downhill industry experts under one roof, including shops, hills, resorts, and destinations. ⁠

2. U of A History and Haunted Walking Tour⁠

When: NOW until November 25th, 2022⁠
Where: Rutherford House, Edmonton, AB⁠
Cost: $22-$27⁠

A little education can be a ghastly business! The University of Alberta, a center for academics and higher learning, has more than its fair share of ghosts, urban legends, and unexplained events. You will explore the history of the University of Alberta, how it began and the many important historical figures. ⁠

3. Edmonton Ghost Tours in Old Strathcona⁠

When: NOW until November 30th, 2022⁠
Where: 10322 83rd Avenue Northwest, Edmonton⁠
Cost: $16-23⁠

Discover the Darker Side of Edmonton! Join us on a ghostly walk through Old Strathcona, where we stop in front of the Strathcona Hotel, the Princess Theatre, the Strathcona High School and many other buildings, houses, and shops that have reported ghosts, hauntings, murders, and mysteries. ⁠

Click to Learn More⁠

Reposted with Regram⁠
by @edmontonrivervalley⁠

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During this time of year, our thoughts are filled with gratitude for those who have supported us in our personal lives and careers. Here are some ideas on how to host an event that extends that gratitude to helping others in need.⁠

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠
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Check out this 2 story with a LOT AND a HALF on a quite street with RF3 zoning. 

12611 73 Street, Edmonton, AB
MLS#: E4316944

1,218 sq/ft
4 BEDROOMS
2 BATHROOMS
BUILT-IN: 1950

This home features 1 bdrm on the main floor with a 1pc ensuite & 3 bedrooms upstairs with 4 piece bathroom and the 4th room as a small den. Partly finished basement with large windows, 1 bedroom, and laundry. 

**VIEW FULL LISTING**

GREAT INFILL - A LOT AND A HALF. The seller has a development permit for a duplex and duplex plans were drawn up. LOT SIZE: 52.4 ft x 120 ft - 585m2 (0.14acr). The seller has gotten asbestos abated.

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

#justlisted #edmonton #edmontonrealestate #edmontonhomes #homesforsale #4bedrooms #2bathrooms #investmentproperty #2storey #remaxelite 


$169,900

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Great curb appeal, in the heart of Hazeldean! The lot size is 50x130.2. Come and check it out!

9627 70 Avenue, Edmonton, AB
MLS#: E4316595

989 sq/ft
4 BEDROOMS
2 BATHROOMS
BUILT-IN: 1952

Gleaming hardwood throughout the main floor! Walk into the spacious living room with gas fireplace, and bay window bringing in lots of natural light.

**EXPLORE IN 3D**

The kitchen is a great size footprint as well. Three bedrooms on the main floor, with 4 piece bath.

**VIEW FULL LISTING** 

The basement is partially finished with tons of potential, so far with a bedroom and 3 piece bath. Double detached garage with back lane access. Great size backyard with deck. Newer windows and a newer furnace!

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Welcome to this RENOVATED, LIKE NEW, 2 Story Half Duplex!

18 345 Kirkness Road, Edmonton, AB
MLS#: E4316199

1,084 sq/ft
3 BEDROOMS
2 BATHROOMS
BUILT-IN: 2000
CONDO FEE: $305.50

Walk into the foyer with NEW TILE and NEW LAMINATE FLOORING in open concept kitchen/dining/living room. Cozy corner gas fireplace as well! BRAND NEW SPACIOUS KITCHEN, with an island and eating bar. The main floor also has 2 piece bath.

**EXPLORE IN 3D**

The laminate staircase leads to three bedrooms and 4 piece bath with NEW CARPET THROUGHOUT. The primary bedroom has his and her closets, and one of the other bedrooms have walk-in closet. 

**VIEW FULL LISTING**

The basement is ready for your personal touch. Private backyard with deck. New light fixtures, and freshly painted throughout too - ready to move in and enjoy! Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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Located on a LARGE LOT - this bungalow is in great condition, and has a SEPARATE BASEMENT ENTRANCE, situated on a quiet street in North East Edmonton.

12234 48 Street, Edmonton, AB
MLS#: E4316158

1,062 sq/ft
4 BEDROOMS
2 BATHROOMS
BUILT-IN: 1959

HARDWOOD throughout the main floor, with an excellent size living/dining with built-in cabinets. The kitchen is also spacious, with SS appliances, and ample room for a kitchen table. Three bedrooms and 4 piece bath on main as well. 

**VIEW FULL LISTING**

Downstairs you will find a bedroom, den, family room with bar area, and 3 piece bath. The basement has separate entry access as well. Double detached garage, with RV STORAGE possibility, or a great vegetable garden area. Maintenance-free fence. Great price!

Contact me with your questions and book a private showing.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.