Posted in: Zone 05, Edmonton Real Estate
I have listed a new property at 11211 93 ST in EDMONTON.
Attention Investors! Looking for a rental property with existing tenants...this could be the one for you. 4 bedrooms above grade in this semi-bungalow on a quiet street. This home features newer flooring, paint, appliances, fence, furnace and electrical. A perfect place to invest.
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.