Posted in: Leduc, Leduc Real Estate
I have listed a new property at 24 DOUGLAS LANE in Leduc.
Bank foreclosure, handyman special being sold "as is/where is". 3 Bedroom, 4 level split in family friendly community of Tribute. Upstairs there are 2 bedrooms and a main 4 piece bath. The main level has kitchen, dining and a living room. The lower level has a large family/rec area with direct access to the back yard. The basement level is finished with a bedroom, roughed in bathroom, utilities and laundry area. Property requires repairs and upgrading. Lots of potential with your sweat equity.
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.