Posted in: Thorsby, Thorsby Real Estate
I have listed a new property at 5319 54 AVE in Thorsby.
Bank Foreclosure sold as is, where is. 3 Bedroom bungalow in quiet cul-de-sac. Property requires significant work in and out and would be great for a starter, investment, handyman or re-development/infill. Large yard complete with double garage. Upstairs includes large kitchen and living room along with 2 bedroom and main full bath. Basement is partially finished with a bedroom, rec room, wet bar, and den/office. Lots of potential here!
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.