"The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. The pause was signalled by the central bank in January, in order to assess the full impacts its monetary policy is having on the Canadian economy.

Growth in the Canadian economy stalled last quarter, with restrictive monetary policy weighing on household spending and business investment.

The current inflation rate sits at 5.9 per cent, reflecting a decrease in prices for energy, durable goods and some services. Despite this, food and shelter costs remain elevated, with food inflation at 10.4 per cent.

The central bank remains confident in its projection that inflation will come down in 2023. 

“Overall, the latest data remains in line with the Bank’s expectation that CPI inflation will come down to around 3 per cent in the middle of this year,” the bank said in a news release on Wednesday.  

The Canadian labour market remains tight, with 150,000 new jobs added in January and unemployment remaining at a historic low of 5 per cent. Wages continue to increase by 4 to 5 per cent, however the central bank expects these pressures in the labour market to ease with weak economic growth in next few quarters. 

“This should moderate wage growth and also increase competitive pressures, making it more difficult for businesses to pass on higher costs to consumers,” the bank said.

Despite the pause, the central bank has not ruled out the need to increase its overnight rate again, if economic circumstances change. Global factors, such as the war in Ukraine and the strength of China’s economic recovery, continue to be sources of uncertainty for the inflation outlook.

“Governing Council will continue to assess the economic developments and the impact of past interest rate increases, and is prepared to increase the policy rate further if needed to return inflation to the 2% target,” the bank said.

The next policy rate announcement is expected on April 12, 2023." - Global News

Buying a new home is an exciting venture, and one that many people dream of. The idea of owning a home that has never been lived in, with all of the latest amenities and features, can be very appealing. However, when it comes to buying a new home from a builder, there are some cons that you should be aware of before making your decision.

1. Higher costs

One of the biggest cons of buying a new home from a builder is the cost. Builders often charge a premium for new homes, which can make them significantly more expensive than older homes. In addition, builders often charge additional fees for things like upgrades, which can quickly add up. These costs can put a strain on your budget and may require you to make compromises elsewhere in your life.

2. Construction delays

Another potential downside to buying a new home from a builder is the risk of construction delays. Builders may promise a specific move-in date, but unforeseen circumstances such as weather, labor shortages, or material delays can cause the project to be delayed. This can be frustrating, especially if you have already sold your current home or made other arrangements based on the expected move-in date.

3. Limited customization options

While some builders may offer the option to customize certain aspects of the home, such as flooring or countertops, there are often limits to how much you can customize. This can be frustrating if you have a specific vision in mind for your home and are unable to bring it to life due to the limitations of the builder's options. Additionally, even if you are able to customize certain aspects, you may end up paying a premium for these upgrades.

4. Quality concerns

Another potential downside to buying a new home from a builder is the quality of the construction. While most builders strive to build high-quality homes, there is always the risk that corners may be cut or mistakes may be made during the construction process. This can result in issues such as leaks, mold, or other defects that may not be immediately apparent but can cause serious problems down the line.

5. Lack of established community

When you buy a new home from a builder, you are often moving into a brand new community that has yet to establish itself. This can be both a pro and a con, as it means that you have the opportunity to be a part of shaping the community and establishing new relationships with your neighbors. However, it also means that there may be less established amenities, such as parks or community centers, and it may take some time for the community to fully develop.

6. Limited negotiation power

When buying a new home from a builder, you may have limited negotiation power, as the builder has set prices and contracts that may be difficult to change. This can make it difficult to get a good deal or negotiate for additional perks or upgrades.

7. Potential for hidden costs

Builders may not always disclose all of the costs associated with buying a new home, such as HOA fees, property taxes, or other expenses that may not be immediately apparent. This can lead to unexpected expenses and can cause financial strain.

8. Longer commute times

New home developments are often located in areas that are further from city centers or job centers, which can result in longer commute times. This can be a significant factor to consider, as longer commutes can result in additional expenses and can impact your quality of life.

9. Potential for cookie-cutter designs

Some builders may offer a limited range of home designs, which can result in a neighborhood filled with similar or identical houses. This can limit your sense of individuality and can result in a lack of character or uniqueness in your home.

In conclusion, buying a new home from a builder can be an exciting venture, but it's important to be aware of the potential cons before making your decision. Higher costs, construction delays, limited customization options, quality concerns, and a lack of established community are all factors that should be carefully considered before making your purchase. With careful research and consideration, however, you may find that a new home from a builder is the perfect fit for you and your family.

There are many great communities in Calgary that are ideal for families with young children. Some of the best ones include:

1. Brentwood: This community is located in northwest Calgary and is known for its excellent schools, parks, and recreational facilities. There are several playgrounds, sports fields, and bike paths in the area.

2. McKenzie Towne: This community is located in southeast Calgary and is known for its family-friendly atmosphere. It has several parks, playgrounds, and recreational facilities for children, as well as a vibrant community center.

3. Tuscany: This community is located in northwest Calgary and is known for its excellent schools, parks, and green spaces. It has a large community center that offers a wide range of programs and activities for children.

4. Silver Springs: This community is located in northwest Calgary and is known for its excellent schools and parks. It has several playgrounds and sports fields, as well as a large outdoor pool and skating rink.

5. Auburn Bay: This community is located in southeast Calgary and is known for its family-friendly amenities. It has a large lake that is perfect for swimming and boating, as well as several parks and playgrounds.

Other great communities for families with young children in Calgary include Evergreen, Cranston, Walden, Legacy, and Cougar Ridge.

Ultimately, the best community for your family will depend on your individual needs and preferences. It's a good idea to visit different neighborhoods and speak with residents to get a sense of what each community has to offer.

Calgary is a diverse city with many unique communities in each quadrant, offering a variety of lifestyles and amenities. Choosing the best quadrant to live in Calgary depends on several factors, including your budget, lifestyle, and desired amenities.

The northwest quadrant of Calgary is known for its stunning views of the Rocky Mountains, making it a popular choice for those who love nature and outdoor recreation. The area is home to several parks and green spaces, including Nose Hill Park, which is one of the largest municipal parks in North America. The park has many trails for hiking, cycling, and horseback riding, and it's a popular spot for birdwatching. The Bow River pathway is also a great place to walk, run, or cycle while enjoying the scenic views.

In addition to its natural beauty, the northwest quadrant has several amenities that make it an attractive place to live. The area is home to the University of Calgary, which is one of the top-ranked universities in Canada. There are also several shopping centers, including Market Mall and Crowfoot Crossing, which offer a variety of shopping and dining options. The northwest quadrant also has many excellent schools and recreational facilities, making it a great choice for families with children.

The northeast quadrant of Calgary is known for its affordable housing options and diverse communities. It's home to several large parks, including Prairie Winds Park, which has a playground, spray park, and sports fields. The Genesis Centre is also located in the northeast quadrant and offers a wide range of recreational programs and activities for people of all ages.

The northeast quadrant is also home to the Calgary International Airport, making it a convenient location for those who travel frequently. The area has many shopping centers and restaurants, including the popular CrossIron Mills mall. The northeast quadrant is a great choice for people who are looking for affordable housing options and a diverse community.

The southwest quadrant of Calgary is known for its upscale neighborhoods and high-end shopping and dining options. The area is home to several parks and green spaces, including Fish Creek Provincial Park, which is one of the largest urban parks in Canada. The park has many trails for hiking and cycling, as well as a large picnic area and a natural amphitheater.

The Glenmore Reservoir is another popular spot for outdoor recreation in the southwest quadrant. The reservoir is a great place for sailing, kayaking, and paddleboarding, and there are several parks and trails around the reservoir for walking and cycling.

In addition to its natural beauty, the southwest quadrant has many amenities that make it an attractive place to live. The area has many high-end shopping centers, including Chinook Centre, which is one of the largest shopping malls in Calgary. There are also several excellent schools and recreational facilities, making it a great choice for families with children.

The southeast quadrant of Calgary is known for its newer developments and convenient location. The area has several recreational facilities, including the Southland Leisure Centre, which has a wave pool, waterslide, and fitness center. The Trico Centre is another popular recreation center in the southeast quadrant, offering a variety of programs and activities for people of all ages.

The southeast quadrant is also home to several new developments, including Mahogany and Auburn Bay, which are master-planned communities that offer a variety of housing options and amenities. The southeast quadrant has easy access to major highways, making it a convenient location for commuting.

Calgary is a diverse city with many unique communities in each quadrant. Each quadrant has its own unique features and benefits, and the best quadrant to live in depends on your individual needs and preferences. It's important to explore each quadrant and speak with residents to get a sense of what each area has to offer before making a decision.

Selling a home can be a stressful and overwhelming process, especially if you're doing it on your own. Many people may consider selling their home by themselves to save on commission fees, but there are significant benefits to working with a REALTOR. Here are some of the key advantages of selling your home with a REALTOR.

1. Experience and Expertise

One of the main benefits of working with a REALTOR is their experience and expertise. They have gone through extensive training and have a deep understanding of the real estate market. They can offer valuable advice on pricing your home, preparing it for sale, and marketing it effectively to potential buyers. They can also handle all the paperwork and legal documents that come with selling a home, ensuring that everything is done correctly and in a timely manner.

2. Access to Resources

REALTORS have access to a wide range of resources that can help you sell your home more quickly and at a higher price. They have professional networks and can connect you with other professionals in the industry, such as home stagers, photographers, and inspectors. They also have access to multiple listing services (MLS), which can expose your home to a larger pool of potential buyers.

3. Marketing Expertise

Marketing your home is crucial to attracting potential buyers, and REALTORS have a wealth of expertise in this area. They know how to create effective marketing strategies that will highlight your home's best features and make it stand out in a crowded market. They can use a variety of marketing channels, including online listings, social media, and print advertising, to reach the widest possible audience.

4. Negotiation Skills

Negotiation is a critical part of the home-selling process, and REALTORS are skilled negotiators. They can help you navigate the complex process of negotiating with potential buyers and ensure that you get the best possible deal for your home. They can also provide valuable guidance on how to respond to different types of offers and how to negotiate effectively to close the sale.

5. Time and Stress Savings

Selling a home can be a time-consuming and stressful process, and working with a REALTOR can save you both time and stress. They can handle many of the time-consuming tasks, such as showing your home to potential buyers, coordinating inspections, and handling negotiations. This frees up your time to focus on other important aspects of your life, such as your job or family.

In conclusion, while it may be tempting to sell your home by yourself to save on commission fees, working with a REALTOR can offer significant advantages. They can provide valuable experience, resources, marketing expertise, negotiation skills, and time and stress savings, all of which can help you sell your home more quickly and at a higher price.

When it comes to purchasing a property, there are a variety of options to consider. One of the most significant choices is whether to purchase a detached or an attached property. Both types of homes have their own advantages and disadvantages, and it is important to weigh them carefully before making a decision. In this post, we'll explore the pros and cons of purchasing a detached vs. attached property.

Detached Property

A detached property refers to a home that is free-standing and not attached to any other properties. Here are some of the pros and cons of purchasing a detached property:

Pros:

1. Privacy: Detached properties offer more privacy compared to attached properties since there are no shared walls with neighbors.

2. Outdoor space: Detached properties typically come with a yard or outdoor space, providing more room for outdoor activities, such as gardening or barbequing.

3. Customization: With a detached property, you have the freedom to customize your home as you see fit without worrying about affecting your neighbors.

4. Quiet: Detached homes are generally quieter than attached properties since there is no shared wall and fewer people living nearby.

Cons:

1. Maintenance: Detached properties require more maintenance and upkeep compared to attached properties since you are responsible for the entire property.

2. Higher cost: Detached properties typically come with a higher price tag than attached properties, especially in prime locations.

3. Isolation: While privacy is a benefit, it can also lead to a sense of isolation, especially if you live in a remote area.

Attached Property

An attached property refers to a home that is attached to one or more other properties, such as a townhouse or duplex. Here are some of the pros and cons of purchasing an attached property:

Pros:

1. Lower cost: Attached properties are generally less expensive than detached properties, making them a more affordable option, especially for first-time homebuyers.

2. Shared maintenance: With attached properties, maintenance responsibilities are often shared with other property owners, reducing the overall workload.

3. Community: Attached properties often come with a sense of community since you have neighbors nearby.

4. More accessible: Attached properties are often located in urban areas, making them more accessible to public transportation and amenities.

Cons:

1. Noise: With attached properties, there is often shared walls with neighbors, leading to noise disturbances.

2. Limited outdoor space: Attached properties typically come with limited outdoor space, which can be a drawback for those who enjoy outdoor activities.

3. Less privacy: Since attached properties have shared walls with neighbors, privacy can be an issue.

4. Limited customization: With attached properties, customization is limited since you have to consider the impact on your neighbors.

When it comes to purchasing a property, there are pros and cons to both detached and attached properties. If privacy and outdoor space are a top priority, then a detached property may be the best choice. However, if you're looking for a more affordable option with a sense of community, then an attached property may be the way to go. Ultimately, the decision should be based on your lifestyle, priorities, and budget.