Posted in: Zone 16, Edmonton Real Estate
I have sold a property at 11003 37 AVE in EDMONTON.
Great investment in desirable Duggan. This 5 bedroom house with in-law suite is move in ready. Kitchen is newer with updated oak cabinets and appliances. Many upgrades to remainder of the house over the last several years include maple hardwood throughout kitchen and living room; laminate flooring in two bedrooms, new windows, paint, over-sized 22x26 double detached garage with extended parking pad and in-law suite including rec room, three piece bathroom, two bedrooms and full kitchen. Park-like backyard includes established perennials, mature tree, and sandpit/fire pit. Property is close to schools, shopping center,bus routes, and LRT extension with easy access to U of A.
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.