Posted in: Zone 20, Edmonton Real Estate
I have listed a new property at 104 9619 174 ST in Edmonton.
Fantastic Terra Losa location close to all amenities, shopping, transit, schools, and access roads. Unique main floor 2 bedroom, 2 full bath unit complete with fully enclosed 3 season patio! Pristine condition, good sized rooms, master includes a walk-thru closet to the 4 piece ensuite. Includes an assigned covered parking stall.
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.