Your Home - Be prepared and stay safe

Whether you are just moving or have been in your home for some time, it’s always important to:

 

  • Have a fire evacuation plan and make sure everyone in your home knows how to safely get out of the home from every room
  • Ensure that fire extinguishers are easily accessible at all times (there should be one on each floor)
  • Locate and test the smoke detectors in your home every six months
  • Locate and test the carbon monoxide detectors. They’ll detect high levels of carbon monoxide in your home, and can save you from illness or death
  • Make sure that any fire hazards, such as paper, paint, chemicals and other clutter are stored in a safe place
  • Collect your important papers and store them in a safe place
  • Keep a list of emergency numbers close to the phone and make sure your children are familiar with the list

 

These simple steps can go a long way in protecting your home and your family.

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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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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.