Posted in: Zone 12, Edmonton Real Estate
I have listed a new property at 401 10011 123 ST in Edmonton.
South facing, river valley view in this 2 bedroom + den condo in the prestigious Gainsborough building. Boasting great features like central air conditioning, underground parking, additional storage locker, exercise, guest and social rooms. The unit is bright and functional with 2 full baths including that master ensuite, huge pantry area, the multi use den space and the covered balcony solarium. Absolutely prime river valley location close to all amenities, shopping, and transit. Lots of potential and value in this one!
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.