Congratulations to our wonderful clients on the sale of their beautiful acreage!

It’s been a true pleasure working with you, and we’re so grateful for the trust you placed in us throughout the process.

Wishing you all the best as you begin this exciting new chapter—wherever the road takes you next, we know great things are ahead!

*Article Courtesy of Bank of Canada

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are fluid, threats of new sectoral tariffs continue, and US trade actions remain unpredictable. Against this backdrop, the July Monetary Policy Report (MPR) does not present conventional base case projections for GDP growth and inflation in Canada and globally. Instead, it presents a current tariff scenario based on tariffs in place or agreed as of July 27, and two alternative scenarios—one with an escalation and another with a de-escalation of tariffs.

While US tariffs have created volatility in global trade, the global economy has been reasonably resilient. In the United States, the pace of growth moderated in the first half of 2025, but the labour market has remained solid. US CPI inflation ticked up in June with some evidence that tariffs are starting to be passed on to consumer prices. The euro area economy grew modestly in the first half of the year. In China, the decline in exports to the United States has been largely offset by an increase in exports to the rest of the world. Global oil prices are close to their levels in April despite some volatility. Global equity markets have risen, and corporate credit spreads have narrowed. Longer-term government bond yields have moved up. Canada’s exchange rate has appreciated against a broadly weaker US dollar.

The current tariff scenario has global growth slowing modestly to around 2½% by the end of 2025 before returning to around 3% over 2026 and 2027.

In Canada, US tariffs are disrupting trade but overall, the economy is showing some resilience so far. After robust growth in the first quarter of 2025 due to a pull-forward in exports to get ahead of tariffs, GDP likely declined by about 1.5% in the second quarter. This contraction is mostly due to a sharp reversal in exports following the pull-forward, as well as lower US demand for Canadian goods due to tariffs. Growth in business and household spending is being restrained by uncertainty. Labour market conditions have weakened in sectors affected by trade, but employment has held up in other parts of the economy. The unemployment rate has moved up gradually since the beginning of the year to 6.9% in June and wage growth has continued to ease. A number of economic indicators suggest excess supply in the economy has increased since January.

In the current tariff scenario, after contracting in the second quarter, GDP growth picks up to about 1% in the second half of this year as exports stabilize and household spending increases gradually. In this scenario, economic slack persists in 2026 and diminishes as growth picks up to close to 2% in 2027. In the de-escalation scenario, economic growth rebounds faster, while in the escalation scenario, the economy contracts through the rest of this year.

CPI inflation was 1.9% in June, up slightly from the previous month. Excluding taxes, inflation rose to 2.5% in June, up from around 2% in the second half of last year. This largely reflects an increase in non-energy goods prices. High shelter price inflation remains the main contributor to overall inflation, but it continues to ease. Based on a range of indicators, underlying inflation is assessed to be around 2½%.

In the current tariff scenario, total inflation stays close to 2% over the scenario horizon as the upward and downward pressures on inflation roughly offset. There are risks around this inflation scenario. As the alternative scenarios illustrate, lower tariffs would reduce the direct upward pressure on inflation and higher tariffs would increase it. In addition, many businesses are reporting costs related to sourcing new suppliers and developing new markets. These costs could add upward pressure to consumer prices.

With still high uncertainty, the Canadian economy showing some resilience, and ongoing pressures on underlying inflation, Governing Council decided to hold the policy interest rate unchanged. We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs related to tariffs and the reconfiguration of trade. If a weakening economy puts further downward pressure on inflation and the upward price pressures from the trade disruptions are contained, there may be a need for a reduction in the policy interest rate.

Governing Council is proceeding carefully, with particular attention to the risks and uncertainties facing the Canadian economy. These include: the extent to which higher US tariffs reduce demand for Canadian exports; how much this spills over into business investment, employment and household spending; how much and how quickly cost increases from tariffs and trade disruptions are passed on to consumer prices; and how inflation expectations evolve. 

We are focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled.

Information note

The next scheduled date for announcing the overnight rate target is September 17, 2025.

Big congratulations to our client on the sale of their land!

It’s been a pleasure helping you take this step, and now the fun begins—finding the perfect new property to call your own. We’re excited to be on this journey with you and can’t wait to see where it leads!

Wishing our amazing clients all the best as they say goodbye to their family home, and continue on their next adventure!

13 Calterra Court, Rocky View County

https://peshketeam.com/.../listing.a2237782-13-calterra...

https://www.youtube.com/watch?v=54PNgIjgaDA

https://youriguide.com/13_calterra_ct_rocky_view_county_ab

$2,199,900 MLS A2237782

2 Acres Just Outside Of Calgary City Limits

Fully Developed Home, West Facing Walkout + 2 Suites

6 + 2 (Carriage Suite) Bdrms & Bonus Room

7.5 Bath

4 Car Attached & Oversized Dbl Detached

Call/message us for more details: 403-681-0319

OPEN HOUSE SUNDAY JULY 13, 2-4PM Stunning modern estate home on 2 acres, offering a 4-car attached garage + an oversized detached double garage w/a fully legal suite above. The legal suite features 2 bedrooms, a full bathroom w/laundry, a family room, kitchen, & is currently rented for $2,000/month + 40% of utilities (the tenant would love to stay). The front entry of the main house is bright & open, w/an abundance of windows throughout. To one side, a spacious living room centers around an extra-wide electric fireplace, while the opposite side hosts a main floor bedroom w/a full ensuite featuring a walk-in shower. A discreetly tucked-away 2-piece bathroom serves the main floor & is adjacent to the rear family room w/tall ceilings & gorgeous ceiling detail, which includes a 2nd electric fireplace & overlooks the backyard. The dining area opens to a large west-facing deck, perfect for evening gatherings. The expansive kitchen is beautifully finished w/quartz counters, a huge island w/drawers on both sides, a side-by-side fridge/freezer, built-in oven & microwave, induction cooktop, & beverage fridge + desk area. Adjacent is a fully equipped spice kitchen w/gas stove, dishwasher, microwave & full-height cabinetry, along w/a pantry that also offers full-height storage & access to the 4 car attached garage is just off the back mudroom also w/cabinetry. An open riser staircase w/glass insert railing leads to 4 bedrooms & a spacious bonus room w/views overlooking the main level. The primary bedroom has mountain views, a private balcony, electric fireplace, luxurious 5-piece ensuite, & a generous walk-in closet. 3 additional upstairs bedrooms each have walk-in closets & private ensuites—two 3-piece baths & one 4-piece with its own private deck. A built-in hallway nook adds functional charm w/a beverage fridge, shelving & cabinetry, while the laundry room includes a washer, dryer & sink. The fully finished walkout basement offers exceptional living & entertaining space, including a theatre room w/screen, wet bar w/built-ins, a fitness room enclosed behind glass doors, a family room w/slider doors to the yard, 2 additional electric fireplaces & a stylish 4-piece bathroom. On the (illegal) suite side of the basement is another door to the yard, a kitchen (not fully legal—stove not permitted but all other permits are in place), a family room, bedroom w/walk-in closet, 4-piece bathroom, & laundry. With its versatile layout, luxurious finishes & income-generating potential, this property is a rare find—just a few short minutes from Calgary. Click on video & 3D Walk Through for more info.

A big congratulations to our amazing client on the sale of her home!

It’s always an honor to be trusted with such an important step & we’re so grateful to have been part of this chapter.

We are so excited as you move forward—onto new adventures & fresh beginnings!

Congratulations to our amazing clients on the sale of their acreage & the purchase of their beautiful new home.

It’s been such an honor to be part of this full-circle journey with you.

Wishing you nothing but happiness & wonderful memories in your next chapter!

Rocky View County

2 Acres Just Outside Of Calgary City Limits

Fully Developed Home, West Facing Walkout + 2 Suites

4 Car Attached & Over Sized 2 Car Detached

Call/message us for more details: 403-681-0319

Big congratulations to our clients on purchasing your very first home together!

It was such a joy to be part of this exciting milestone. Wishing you so much happiness & wonderful memories in your new space!