New Testimonial - From Start to Finish

Working with Graham to sell our house was a very good decision on our part.  From start to finish, Graham’s advice on price, presentation and negotiation was invaluable.  We especially appreciated being able to hand over the process, thus alleviating our stress.  From start to finish we appreciated his professionalism and expertise.  Thanks again Graham!

 

16-Dec-15

Cheryl C

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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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