Hello neighbours! The first snow is settling in, Halloween is just around the corner, and there's plenty happening in Leduc and Beaumont. Here's a quick look at this week's rate news, local updates and some fun ways to celebrate the weekend.

What did the Bank of Canada decide on Oct. 28?

On Wednesday, the Bank of Canada raised its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. It's the Bank's first rate increase since July 2023.

The Bank said CPI inflation has been around 3% since April and is expected to rise to about 3½% by the end of the year, largely because of high energy prices. It also said there could be a need to increase the policy rate further, but that, given uncertainties, it agreed to proceed carefully.

If you're planning to buy, sell or renew in the months ahead, this is a good time to review your plans and talk with your lender about how rate changes could affect you.

What's new for seniors housing in Leduc?

The Government of Alberta's Seniors Lodge Modernization Program approved projects list includes $26.2 million in approved funding for the Leduc Regional Housing Foundation's Planeview Place Redevelopment. It's wonderful news for local seniors and their families, and a great example of investment in housing right here in Leduc.

How can Leduc residents weigh in on the 2027 budget?

Leduc City Council began public deliberations on the proposed 2027 Budget on Oct. 26. Upcoming meetings start at 5:30 p.m. in Council Chambers at the Leduc Civic Centre and are also livestreamed:

• Nov. 2: City Manager, Finance, and Infrastructure and Planning

• Nov. 9: Corporate Services, and Community and Protective Services

• Nov. 23: Flagged items and follow-up discussions

The Nov. 2 and Nov. 9 meetings include time for public input, and speakers need to register in advance or in person before the meeting begins. Council is expected to consider budget approval on Dec. 7, and the City notes that the property tax rate will be set in the spring, once property assessments are complete.

What's changing with photo radar in Beaumont?

The City of Beaumont announced that its automated traffic enforcement program will end on Dec. 6. Tickets issued up to that date remain in force, and conventional traffic enforcement by the RCMP and Beaumont Municipal Enforcement will continue. Beaumont also welcomed three new peace officers and added enforcement vehicles this year, with a focus on visible patrols and road safety.

Where can families celebrate Halloween in Leduc and Beaumont?

• Beaumont RCMP Safe Halloween: Saturday, Oct. 31, from 3:30 to 5 p.m. at the southwest corner of the Ken Nichol Regional Recreation Centre parking lot. This free event features emergency vehicles, treat bags while they last and trick-or-treating safety tips. Details are on the City of Beaumont's event page.

• Haunted Harvest Market in Leduc: Saturday, Oct. 31, from 10 a.m. to 3 p.m. at the Leduc Produce Market, with pumpkin painting, vendor trick-or-treating and a costume contest. Guests are encouraged to bring a non-perishable donation for the Leduc & District Food Bank.

• Leduc RCMP Community Town Hall: For something a little less spooky, the City's special events calendar lists a community town hall with Leduc RCMP on Thursday, Oct. 29, at the Leduc Civic Centre.

With fresh snow on the ground, remember to dress costumes for the weather and add something reflective so drivers can see little ones.

Frequently Asked Questions

What is the Bank of Canada's policy rate now?
On Oct. 28, 2026, the Bank of Canada raised its target for the overnight rate by 25 basis points to 2.5%.

When will Leduc's 2027 budget be approved?
Council is expected to consider budget approval on Dec. 7, 2026. The property tax rate will be set in the spring, once property assessments are complete.

When does Beaumont's photo radar program end?
Beaumont's automated traffic enforcement program ends on Dec. 6. Tickets issued up to that date remain in force.

When is Beaumont's RCMP Safe Halloween?
Saturday, Oct. 31, from 3:30 to 5 p.m. at the Ken Nichol Regional Recreation Centre parking lot.

Happy Halloween, Neighbours!

Wishing you a safe, cozy and fun-filled Halloween weekend in Leduc and Beaumont.

Keith Lopushinsky, REALTOR®, RE/MAX Real Estate

Questions about buying or selling in Leduc or Beaumont? Reach out to Keith Lopushinsky, RE/MAX Real Estate.