Happy Holidays

It has been my privilege once again this year to serve and partner with you to make your homeownership dreams come true. For others, I am very much looking forward to working with you in the coming year.

 

These are the times that turn a house into a home, that special place to celebrate your own unique traditions. I wish you and your family a holiday season and New Year filled with health and happiness.

 

Warmest holiday wishes.

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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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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.