Posted in: Zone 30, Edmonton Real Estate
I have listed a new property at 3508 20 ST in EDMONTON.
Bank Sale/Foreclosure. Property is sold "as is/where is". 2 Storey family home on a cul-de-sac in Wild Rose. Main floor features a living room, formal dining room, family room with gas fire place, open kitchen and laundry. Upstairs there are 3 bedrooms and 2 full baths including a 5 piece ensuite. Downstairs is fully finished including its own separate entrance, kitchen, full bath, living room and 2 bedrooms. Property is in a family friendly neighborhood close to all amenities, schools, shopping, transit and access roads like the Whitemud and Anthony Henday. Opportunity knocks.
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.