Graham Ogden

B Comm and Realtor®

Direct: 1 780 908-1224 |

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I have listed a new property at 116 6103 35A AVE in EDMONTON.
Bank foreclosure in Hillview. This 2 bed, 1.5 bath unit is a handyman special and is in need of substantial renovations. Looking for an investment project...could be the one.

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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