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New Testimonial - Someone You Can Rely On

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I bought a new house on a whim and had to sell my old house fast.  The first person I thought of was Graham as he had helped me buy the same house 8 years ago, and he did not disappoint.  I was really nervous about timing and price, but not only did Graham help me get my house on the market right away, but we got eight viewings and two offers at list price within four days of listing!   I could not have made a better choice than to rely on Graham again, and would recommend him to anyone buying or selling in the Edmonton area.

 

03-Jun-14

Ian W.

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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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