Posted in: Zone 14, Edmonton Real Estate
I have sold a property at 9210 SCOTT LANE in EDMONTON.
A GORGEOUS 1326 SQ. FT. 2 STOREY IN THE COMMUNITY OF SOUTH TERWILLEGAR. This Brand New home features 3 bedrooms upstairs, 2.5 baths, gas fireplace, and open style kitchen (5 yr. New Home Warranty Program). Great potential in this growing community. (measurements to be verified by purchaser)
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.