Posted in: Leduc, Leduc Real Estate
I have listed a new property at 9 MOBERG RD in Leduc.
Bank foreclosure - Lots of potential in this large family home for some one willing to put in the work. Total of 6 good sized rooms with 4 full bathrooms, triple garage with extra wide driveway and 631m2 lot. Property requires substantial upgrading.
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.