Posted in: Zone 12, Edmonton Real Estate
I have sold a property at 503 10503 98 AVE in EDMONTON.
Property is a Judicial Sale/Bank Foreclosure. Property is sold "as is". All information to be verified by the purchaser. Close to all amenities. Comes with 2 titled underground parking stalls.
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.