Posted in: Devon, Devon Real Estate
I have listed a new property at 6 WILSON DR in Devon.
Property being sold "as is, where is". Affordable family bungalow backing a school. Property has 2 bedrooms up with main 4 piece bath. Basement id partially finished with rec room, bedroom and 3 piece bath. Lots of potential with some TLC needed. Close to dog park, trails, school and river valley.
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.