Posted in: Zone 30, Edmonton Real Estate
I have sold a property at 301 2305 35A AVE in EDMONTON.
Bank foreclosure in Wild Rose. This 3rd floor, 1 bed, 1 bath unit features a white kitchen and in suite laundry. Complex is close to all amenities, shopping and transit.
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.