Posted in: Zone 15, Edmonton Real Estate
I have listed a new property at 506 11011 86 AVE in Edmonton.
Amazing location!! All kinds of natural light as this top floor unit in Garneau Place has windows facing South, West and North! The unit features 1031 square feet, newer windows doors and balconies, mocha hardwood flooring, 2 bedrooms, 1.5 bathrooms, 2 balconies (1 with an extra storage room), updated kitchen with soft closing drawers, new dishwasher and a Titled underground parking stall. All this, plus you are just a few blocks from the U of A Campus and Hospital. The condo fees are $586 month and include heat & water.
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.