Subscribe with RSS ReaderWe’ve known Graham for a couple years now, back when we started looking at houses in 2011. You see, we’ve always been a bit chaotic and all over the place when it came to deciding what we wanted and I imagine for Graham it was like herding cats! But he kept us on track, listened to what we wanted in a home, never once pressuring us to buy and always offered helpful and honest insight. Buying a home can be a stressful and daunting, but he was with us every step of the way! Graham’s...
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. |
