Graham Ogden

B Comm and Realtor®

Direct: 1 780 908-1224 |

New property listed in Zone 12, Edmonton

I have listed a new property at 401 10145 113 ST in Edmonton.
Bank Foreclosure "sold as is, where is"! Great central location close to all downtown amenities, shopping, restaurants, and transit. Top floor end unit with 2 bedrooms and one 1 bath. Unit needs updates to the flooring as well as paint etc. Good square footage with excellent potential.

Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

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