I found the listing and selling of my "fixer upper" home of 36 years a formidable challenge, even before the Real Property Report revealed I had no permit for my attached patio, a noncompliance isue with the permit for my garage, and an encroachment issue with my back fence. Graham Ogden, experienced RE/MAX River City realtor extraordinaire, patiently, informedly, skilfully guided me through several months of bureaucratic red tape, until these issues were as nearly resolved as possible, then expertly coached me in marketing my house, with strategic timing, at a "market matched" price, and with professionally accurate, "best foot forward" photos. Less than a week later, after only two showings, I had a firm offer, and Graham sensitively assisted me in negotiating to a successful compromise, even satisfying the still worrisome "encroachment issue"! I am happily ensconced in a lovely (rented) seniors' condo, and credit the smooth transition to Graham's skilful, professional, unfailingly thoughtul expertise; I highly recommend his services to anyone seeking to sell or purchase real estate.
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.