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Take Note! Rate Cut Benefits for Newcomers: Bank of Canada’s Move Explained

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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Open House. Open House on Saturday, October 19, 2024 1:00PM - 3:00PM

Please visit our Open House at 11219 68 ST in Edmonton. See details here

Open House on Saturday, October 19, 2024 1:00PM - 3:00PM

This 2 storey home welcomes you with an aggregate walkway leading to an enclosed veranda featuring a bright tile/wainscotting boot entry. Plenty of built-in shelves & storage is just the start of endless high-end finishes like granite kitchen & bathroom countertops, tile & hardwood floors, high ceilings, large windows, archways & 2 gas F/P. The main floor offers a breakfast nook, formal dining room, den/office, 3pce bath & laundry. Upstairs hosts primary suite with 5pce spa like ensuite with a double sink, another 3 bdrms, 4pce bathroom & office nook area. Basement incl a legal 1 bdrm, 4pce bath suite with a separate entrance, furnace & laundry with laminate floors as well as another bdrm separate from the suite. Upgrades over time incl fresh paint & some new floors. Enjoy your 2 tiered low maintenance deck with BBQ gas line and large sized partially fenced yard perfect for entertaining! Home used as a successful Airbnb. Do not miss this perfect opportunity for a large/growing family or investment!

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Edmonton Real Estate Market Update - September 2024 | Sellers, Buyers, and Investors – here’s what you need to know!

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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New property listed in Zone 15, Edmonton

I have listed a new property at 10651 68 AVE in Edmonton. See details here

Opportunity!!! Location!!2 Half Duplexes on one title! Beautiful curb appeal, Huge corner lot with detached double garage. One side of this bright open home features a generous sized bedroom on each floor. 3 bathrooms. High quality appliances and upgrades throughout! The basement features a 1 bedroom mother in law suite with a 2nd kitchen. The second side of this duplex features 3 huge bedrooms all with 4 pce ensuites and walk in closets. wood floors,quality double cabinets and upgrades throughout. Concrete wrap around patio. Landscaped with fruit trees! A home you must see to appreciate!

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New property listed in Zone 35, Edmonton

I have listed a new property at 14125 30 ST in Edmonton. See details here

Welcome to a great INVESTMENT OPPORTUNITY / Flip opportunity ! This 2 Story is situated on a great size, private lot. Three bedrooms and 4 pce bath on upper floor, and 2 pce in on main. House had a fire on 2nd floor - framing striker appears ok, no electricity in house, did not have access to basement. Great price, for great potential/investment opportunity.

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New property listed in Sherwood Park, Sherwood Park

I have listed a new property at 4 Yew CRT in Sherwood Park. See details here

PREPARE TO BE IMPRESSED with this WELL MAINTAINED, UPDATED Bungalow in the heart of Sherwood Park! HUGE BACKYARD! WALKING DISTANCE TO SCHOOLS! FULLY FINISHED BASEMENT! Spacious living/dining room boasts hardwood floors! Galley kitchen with wall ovens and cooktop. Spacious three bedrooms on main. Basement boasts huge recreation room/family room with 4 pce bath and bedroom. Enjoy the huge deck on back, and massive, well maintained yard! This one won't last! Welcome home!

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New property listed in Zone 29, Edmonton

I have listed a new property at 5417 17A AVE in Edmonton. See details here

Well kept Bungalow with TOTAL 5 BEDROOMS, THREE BATHS, AND SECOND KITCHEN in FULLY FINISHED BASEMENT. Large living area, dining room, and spacious kitchen on the main floor. Primary bedroom as 2 PC ENSUITE. Basement is has 2 great size bedrooms, large family room, kitchen, and 4 pce bath. Also comes with 24x24 oversize double detached garage! Welcome home!

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Open House. Open House on Saturday, September 28, 2024 1:00PM - 3:00PM

Please visit our Open House at 7415 169 AVE in Edmonton. See details here

Open House on Saturday, September 28, 2024 1:00PM - 3:00PM

Welcome to this pride of ownership 2 Story in Schonsee, total four bedrooms & so so much more! Front entrance has a nice patio/sitting area. Walk into spacious foyer, w/grand curved staircase, open to above w/loft! Huge kitchen boasts tons of cabinetry, granite countertops, walk in pantry, chimney hood fan, eating bar, buffet, SS appls with new dishwasher. Great size breakfast nook with lots of windows, overlooking backyard. Family room off kitchen, with another gas fireplace. Main floor also has a great size den, half bath & convenient main floor laundry w/sink. Upstairs, you will find a loft area overlooking below. Enjoy a primary suite oasis, w/sitting area, walk in closet, & 5 pce ensuite w/jacuzzi tub. Three more spacious bedrooms, one with walk in closet. Basement has 9 ft ceilings, & is all framed, ready for your personal touch! The backyard is gorgeously landscaped, w/nice size deck & shed. Other upgrades: New HWT (3 yrs) , remodelled washer, new dryer, custom blinds, central vac. Welcome home!

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Open House. Open House on Sunday, September 29, 2024 1:00PM - 3:00PM

Please visit our Open House at 3707 160A AVE in Edmonton. See details here

Open House on Sunday, September 29, 2024 1:00PM - 3:00PM

Welcome to this 2 Story Half Duplex GEM - with so many extras & upgrades that you would not expect! HICKORY HARDWOOD & TILE THROUGHOUT. MASSIVE OPEN CONCEPT kitchen/dining/living spaces, w/vaulted ceilings & recessed lights throughout. Gas fireplace in living room. Den as well as laundry just off kitchen. Upstairs you will find a great size primary bedroom w/large walk in closet & 3 pce ensuite. FULLY FINISHED BASEMENT w/IN SLAB RADIANT HEATING, 9 FT CEILINGS, & boasts a huge rec area/bedroom, w/4 pce bath including jacuzzi tub & separate shower. PRIVATE BACKYARD & no neighbours behind! Garage is insulated/heated, with extra drop downs for storage & 3-220 V outlets & water supply. UNIQUE FOUR SEASON SHED/WORKSHOP is fully insulated/heated w/hot/cold water supply & 2-220V outlets. Greenhouse behind shed included w/lots of berries bushes throughout property. Other upgrades include: CENTRAL AC, 50 YR SHINGLES (2021), ROUGH IN VAC, TWO HOT WATER TANKS (ONE REPLACED 2021). Prepare to be impressed!

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New property listed in Zone 28, Edmonton

I have listed a new property at 429 OZERNA RD in Edmonton. See details here

Welcome home to this luxurious Bi Level! It has many upgrades that include custom ceramic tile inlay designs, California knock down ceiling texturing and solid oak kitchen cabinets. Appliances are high end with all the bells and whistles including a convention oven microwave combo. Master suite has an enormous walk in closet and a ensuite bathroom with jacuzzi tub - ready for you to enjoy your own personal oasis! Basement has a separate entrance and is ready for your personal touch with 9 ft ceilings. Oversized insulate garage. Back yard is a perfect area to entertain with a custom built fire pit and a large maintenance free deck. Aggregate sidewalks and driveway as well. This home will not last - ACT now!

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🏡  Is Your Home Too Big or Too Small? Find the Perfect Fit for Your Lifestyle!

Whether you’re considering downsizing, upsizing, or just making a change, finding the perfect space is essential for your lifestyle. Check out these signs to see if it might be time to make a move! 🚀

Not sure if your current home is the perfect fit? Contact me today for a free consultation! Call, email, text, or send a direct message to start exploring your options and make an informed decision for your future. 📞📧

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

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Data last updated on August 13, 2026 at 07:30 AM (UTC).
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