I have listed a new property at 7 Reyda Vista RD.
1.58 Acre Bank Foreclosure! Property in need of TLC. Hillside bungalow with huge detached garage/shop. Only 8KM west of St. Albert. Walking distance to Big Lake and JR Golf Course. Views to the south and the lake. Property is being 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.