Posted in: Zone 05, Edmonton Real Estate
I have listed a new property at 11211 93 ST.
Attention investors and first time buyers! 4 bedrooms above grade in this semi-bungalow on a quiet street. This home features newer flooring including brand new carpet in the main floor bedrooms, paint throughout, new roof and shingles in 2014, exterior trim and front stoop freshly painted, newer fence, upper level 1/2 bath has been updated, mid-efficient furnace (approximately 2009) and updated electrical. A perfect place to start or 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.