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PRIYA SHARMA
Century 21 Signature Realty
#207, 2920 Calgary Trail NW, Edmonton, Alberta
P: 780-485-2100
F: 780-485-2180
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My Edmonton Real Estate Blog

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Wednesday, June 9, 2010 - Alberta housing starts take slight dip in May

EDMONTON ? Home construction dipped in May, but it was still the 11th consecutive month of year-over-year improvements. ATB Financial senior economist Todd Hirsch said residential construction seems to be succumbing to the interest-rate increase after a few months of reasonably strong activity. "Consumer confidence may have also been shaken somewhat by a darker global economic outlook that rocked oil prices last month." With the probability of rising mortgage rates, and global turbulence ...

posted in News at Wed, 09 Jun 2010 07:39:18 -0600



Wednesday, June 2, 2010 - Bank of Canada increases overnight rate target to 1/2 per cent

OTTAWA, Ontario, June 01, 2010 ? The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate. The global economic recovery is proceeding but is increasingly uneven across countries, with strong momentum in emerging market ... Full Article...

posted in News at Wed, 02 Jun 2010 07:13:00 -0600



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PRIYA SHARMA
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