Posted in: Zone 07, Edmonton Real Estate
I have listed a new property at 10957 129 ST in Edmonton.
Calling investors, contractors and any who are looking to add some sweat equity to an ideally located property. Suite potential or comfortable home awaits the new owner of this ultra conveniently located bungalow in the highly sought-after Westmount. Options galore with 5 bedrooms and 2.5 bathrooms. Main floor features a large living room, 2 bedrooms in addition to the master bedroom with a half bath ensuite, kitchen and full bathroom. Separate entrance option to the fully finished basement features 2 bedrooms, living room, kitchen, full bathroom and laundry room. Large double detached garage. Roof recently redone in October 2017. Close to schools, shopping, restaurants, transportation, fitness, pools, parks, medical, dental, library, 124 Street, River Valley and downtown. Amazing potential!
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.