Posted in: Zone 16, Edmonton Real Estate
I have sold a property at 47C 11265 31 AVE in EDMONTON.
Bank Foreclosure in desirable Sweet Grass. 2 bedroom unit is sold "as is". Complex has extra amenities such as day care facility, on-site office, tennis courts, swimming pool, and gym. Close to shopping, transit and schools.
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.