New Testimonial - Eye for DetailWe had an awesome experience using Graham as our realtor. We used him to both buy our home, and then sell it a few years later. Every time we had a question, he answered it immediately, and every single transaction between us and him went seamlessly and effortlessly. He was very informative about the housing market, and his experienced eye for detail was definitely an asset in preparing our home for sale. We highly recommend Graham as your realtor! 28-Jul-16 The Fair's 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. |
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