Posted in: Zone 15, Edmonton Real Estate
I have listed a new property at 9843 83 AVE in Edmonton.
Opportunity knocks! Outstanding infill or handyman special potential in old Strathcona. War-time style bungalow with single detached garage. Excellent location close to all amenities, Whyte Ave, University of Alberta and Faculty St. Jean. Property and included goods sold "as is".
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.