Posted in: Zone 29, Edmonton Real Estate
I have listed a new property at 105 2703 79 ST in Edmonton.
Great Location! Very affordable! This carriage style condo lower unit features 3 bedrooms, 5 newer appliances, open living and dining areas with wood burning fireplace, a large master bedroom with a access door to the bathroom, 2 additional bedrooms including one with a custom desk/work space and extra storage closet. This end unit property is close to the parking spot and only a couple of minutes walk to Millwoods Recreation Center, transit, near 2 high-schools, and has lots of greenspace and nearby parks. Furnace and hot water tank have be replaced. Perfect as a starter home or investment with loads of potential. 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.