Jeff van de Bennet's blog

The Bank of Canada lowered its key interest rate again by 0.25% (25 basis points) today, bringing it down to 2.25%. This marks another step in the ongoing effort to support the economy as inflation continues to cool.

Since beginning this easing cycle in June 2024, the Bank has reduced its rate by 2.75% (275 basis points) from a peak of 5%, its highest level in over two decades.

Here’s how today’s decision could affect you:

• Variable-rate mortgages: You can expect a drop in your interest rate and monthly payments once lenders adjust their prime rates. Most major lenders are expected to...

July was strong and August is shaping up to be another strong month in our real estate market. Low inventory combined with high buyer demand continues to create a competitive environment for listings, with well-priced properties moving quickly. It’s a great time for sellers to take advantage of these conditions, and buyers should be prepared to act fast when the right property comes along.

From first-time buyer incentives to homebuilding promises, here’s what to watch for in the coming weeks or months.

Canadian voters have re-elected the Liberal Party -- this time under new leader Mark Carney -- to a fourth consecutive term. 

The Liberals will once again govern with a minority in Parliament, meaning collaboration with other parties will shape many decisions going forward.
While much remains to be seen, especially when it comes to the upcoming federal budget, here’s what the election outcome could mean for your mortgage, financial plans, or future real estate...

When buying and selling real estate, besides a good REALTOR®, the person who helps protect your interests the most is a good real estate lawyer. So, what are the top qualities and traits of a good real estate lawyer?

• Seasoned — 90 percent of their practice should be focused on real estate in your location.

• A transparent fee structure — Are there hidden fees? Do their fees include title insurance? If not, research another lawyer.

• Good online reviews — Also, ask for recommendations from your network. 

• Communication skills — Do they respond to you in a reasonable time frame? Do...

When priming your home for sale there are some definite missteps you can make if you just “wing it,” which can affect the sale of your home. So, to prevent this from happening, read on for staging mistakes to avoid.

• Hodge-podge of styles — Maintain a cohesive style throughout your home to create a harmonious “look and feel.”

• Personal and bold — Put away your personal photos and mementos and keep your home décor neutral. Buyers want to imagine themselves living in the home, so those personal items can be distracting.

• Simple repairs or updates neglected — Repaint dull or chipped paint...

It’s been a strong start to the 2025 market as we’ve now wrapped up the first quarter! We saw another impressive month of sales, with both sales volume and average home values up 10% compared to March last year.
This kind of steady growth is a testament to the strength of our local markets here in Southern Alberta. Be sure to check out the monthly stats graphic below for the full breakdown