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The Bank of Canada announced today that it is keeping the benchmark rate unchanged, saying the risks associated with low inflation are still present. Great news if you’ve got a variable-rate mortgage; the prime rate stays at 3%.

 

The announcement noted that weighing “recent higher inflation readings against slightly increased risks to economic growth leaves the downside risks to the inflation outlook as important as before. At the same time, the risks associated with household imbalances...

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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...

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Hi Graham,

 

Following is a brief appraisal of your services on a scale from 1-10 (1 being poor)

 

  • Job knowledge + 10 (Very well versed on the Alberta Real Estate Association guidelines and the legality to comply with professional standards)
  • Communication with client +10
  • Dependability +10 (very responsive and timely to client requests. Closed the sale of one condo and purchase of another Townhouse with out issues)
  • Cooperation and compatibility +10 (At no time did attempt to push the client...
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Having you as our realtor was a real pleasure, you tailor made the search for property according to our needs and specifications, and although we were a bit pedantic at times you took it in your stride and at no time tried to pressurize us into a sale. The people whom you deal with and refer were also very professional making the acquisition of the property very smooth. To me the cherry on the top was even though I had considered accepting  a proposed sales price you still took it upon yourself...

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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.

Data last updated on September 12, 2025 at 09:30 AM (UTC).
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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