I have listed a new property at 280 21539 TWP RD 503 in Rural Leduc County.
Bank Foreclosure - 1.7 acres. Open Concept Walk Out Bungalow. Extra large quad sized garage. Part of Wildland Meadows Bareland Condominium allows for City Benefits of Community Water and Sewer - $300/month. Property is in need of significant work inside and out. Property is sold "as is, where is".
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.