Posted in: Zone 18, Edmonton Real Estate
I have sold a property at 22 6215 98 AVE in EDMONTON.
Lots of potential in this 750 square foot two bed/one bath top floor unit. Complex is close to all amenities, shopping, schools, and transit. Great for investors or first time buyers. Property requires complete renovation.
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.