I can't recommend Graham highly enough for any buyer. He definitely puts the client's needs above all and is really knowledgable about Edmonton's housing market. From day one, he listened to my needs, helped me find a place that fit my wish list and budget and made the experience a real pleasure.
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.