Subscribe with RSS ReaderI am very happy with the home I eventually purchased with Graham Ogden’s help. It is the first property I have purchased and I had a lot to learn, both in terms of what I was looking for and things I needed to consider when purchasing a place. This was a big decision for me and Graham was very patient and generous. He shared his knowledge and time with me. He showed me many properties and gave me his honest view of each property, based on what I had said was important to me....
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. |
