The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

Global economic growth continues to slow, with inflation easing gradually across most economies. While growth in the United States has been stronger than expected, it is anticipated to slow in 2024, with weakening consumer spending and business investment. In the euro area, the economy looks to be in a mild contraction. In China, low consumer confidence and policy uncertainty will likely restrain activity. Meanwhile, oil prices are about $10 per barrel lower than was assumed in the October Monetary Policy Report (MPR). Financial conditions have eased, largely…

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City of Calgary, Jan. 23, 2024 – The Calgary Real Estate Board (CREB®) is pleased to announce the release of its highly anticipated 2024 Forecast Calgary and Region Yearly Outlook Report. This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, offers a detailed analysis of Calgary's economic and housing market trends and surrounding areas for the upcoming year.

The report delves into the impact of rising lending rates on the housing sector, as buyers looked for more affordable housing options, and some potential sellers held back from listing to navigate the challenges posed by higher lending rates.
 
Chief Economist Ann-Marie Lurie underscores this dynamic, stating, "Despite higher rates, 2023 was a year of relatively strong…

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Congratulations to our sellers! Congratulations to our sellers on the sale of their beautiful home! We are very excited for your next journey! We wish you all the best! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #reunion #airdrie #airdrierealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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 *Special thanks to Bocc Home Inspections for this great article!

What is Attic Rain?

Attic rain occurs when moisture enters the attic space during colder months which then freezes and builds up a layer of frost within the attic. When temperatures rise, the frost melts and drips onto the upper level ceiling. Moisture spots and stains on the ceiling of the upper level (or main level in a single story home) can be a sign of attic rain.

When does is Occur?

Attic rain most commonly occurs when temperatures rise after a cold spell, during the winter months and in the spring. It is most common in newer home as they built to be more air-tight which reduces air flow and traps moisture within the home.

What Causes Attic Rain?

Attic rain is…

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Congratulations to our sellers & buyer! It may have been a cold weekend, but for these wonderful clients, life just got warmer & more exciting! Cannot wait to see where the future takes our seller & buyer! We wish you all the best! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #mountainviewcounty #watervalley #acreageliving #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominiums style homes.

“Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels were low compared to the demand throughout the year, resulting in stronger than expected price growth.”

Inventory levels were persistently below long-term trends for the city…

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