Posted in: Leduc, Leduc Real Estate
I have listed a new property at 4507 48 ST in Leduc.
Bank Foreclosure. Sold "as is where is". Located across the street from Leduc Junior High, this old home requires substantial upgrading but great potential for infill and future development on the nearly 700m2 lot. Conveniently located close to all amenities schools, and shopping.
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.