Posted in: Zone 27, Edmonton Real Estate
I have listed a new property at 14515 116 ST.
Loads of potential in this Caernarvon starter home. This property boasts 3 bedrooms, 1 and a half baths, good sized living and dining areas along with a large kitchen. Recent upgrades include fresh paint throughout main floor, new doors throughout the main floor, newer lino as well as most light fixtures. Downstairs is ready to be developed offering lots of storage space and the laundry area. New 40 years shingles being installed. Outside is fully fenced and features the large, fully wired, insulated, and dry walled double detached garage with gas rough-in for future furnace to heat it. Close to transit, schools and shopping. Amazing value.
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.