Bank of Canada warns the prime rate will increase sooner than expected

Bank of Canada warns the prime rate will increase sooner than expected

The BOC announced that it will leave the prime rate alone once again, for now. They have warned us that they expect to start increasing it sooner than expected. With our economy rebounding sooner than the BOC thought. The BOC has stated that we need to begin controlling inflation which is rampant in many sectors. It is expected that rates will begin climbing as early as the end of the first quarter in 2022. This means if you're thinking of buying a home, now is the time to do it. Take advantage of the historically low rates

Fixed rates are already heading up. We have seen three rate increases this month already, with the latest BOC announcement, we are expecting to see a fourth-rate jump as early as Friday. The Bond market is on the rise once again and it is predicted we could see more fixed-rate jumps in the next few weeks. If you have any plans to buy or refinance or if your mortgage is renewing in the next 4 months, now is the time to get an interest rate hold before these record low rates disappear. We have moved into a more balanced market these days as we move into the slower months. Sales are still doing well and it is expected that this momentum will continue. We expect things will cool off as we move into the holiday season.


Thinking of Buying a Home?

Contact us for help with your search

Ray Riley
(403)-270-7601
[email protected]


Below is a list of homes for sale in Calgary, AB

3828 Properties
Page 1 of 319
$630,000
Subdivision: Brentwood
5
Beds
4
Baths
1,652
Sq.Ft.
1959
Year Built
1
Day on Site
A1164347
MLS®
This large gorgeous bungalow is located in one of the best community in Calgary. Close to U of C, shopping center, schools, playgrounds and parks. This 1650 Sqft bungalow features total 5 bedrooms, 2...
$299,900
Subdivision: Silverado
2
Beds
2F11/2
Baths
1,135
Sq.Ft.
2012
Year Built
1
Day on Site
A1164405
MLS®
With open views, lots of privacy in the front and the back, and its proximity to the visitors parking, this is one of the best locations in the complex. The WEST facing patio and front of this home...
$190,000
Condo: Nose Creek Gardens
2
Beds
1
Baths
1,072
Sq.Ft.
1982
Year Built
1
Day on Site
A1164543
MLS®
|| Welcome to #1 201 Grier Terrace NE || This stunning corner unit townhouse has everything to offer. As you enter through the main entrance you are greeted by a lovely seating area to remove your...
$530,900
Subdivision: Point Mckay
3
Beds
2F11/2
Baths
1,271
Sq.Ft.
1980
Year Built
1
Day on Site
A1164532
MLS®
Welcome home to 506 Point Mckay NW! This like new home is located on a quiet street and features 3 generous above grade bedrooms, 2.5 bathrooms, close to 1600 sq ft of fully finished living space and...
$429,900
Subdivision: Pineridge
4
Beds
2F11/2
Baths
1,145
Sq.Ft.
1980
Year Built
1
Day on Site
A1153335
MLS®
*** Back on the market, due to financing*** You ve been given a second chance on this great 4 level split on a quiet street with a big Sunny west facing Pie-lot in Pineridge. This house has seen...
$246,000
Subdivision: Auburn Bay
2
Beds
2
Baths
1,033
Sq.Ft.
2014
Year Built
1
Day on Site
A1164317
MLS®
This bungalow style townhouse in Auburn Bay is perfect for a young family, couple or investment property. At just over 1000 sq.ft , this two bedroom home has a great modern and open floor plan with...
$499,900
Subdivision: Kincora
3
Beds
2F11/2
Baths
1,666
Sq.Ft.
2003
Year Built
1
Day on Site
A1163905
MLS®
Spectacular 2 storey home with a double attached garage in the desirable community of Kincora. This well appointed 3 bed, 2.5 bath home has luxurious hardwood and slate tile flooring throughout the...
$350,000
Subdivision: South Calgary
2
Beds
2
Baths
939
Sq.Ft.
2009
Year Built
1
Day on Site
A1164592
MLS®
THIS IS THE DREAM!! Top floor, corner unit with sweeping VIEWS from downtown and west to the mountains - this is the most desirable unit in the building - SPECTACULAR! This two bed PLUS den/home...
$435,000
Subdivision: Monterey Park
5
Beds
2
Baths
1,089
Sq.Ft.
1984
Year Built
1
Day on Site
A1157889
MLS®
First-Time Home Owner and Investor Alert!! This beautiful bi-level home with 3 bedrooms up and 2 bedrooms down is located in the family-friendly community of Monterey Park. INCLUDES Separate entrance...
$209,900
Subdivision: Braeside
3
Beds
1F11/2
Baths
1,050
Sq.Ft.
1970
Year Built
1
Day on Site
A1162273
MLS®
Affordable living in this convenient SW Calgary community of Braeside...A recently refreshed and renovated home ~ Boasting Fresh Paint, New Vinyl Plank Floors, Updated Light Fixtures, Updated...
$215,000
Subdivision: Bankview
2
Beds
1
Baths
739
Sq.Ft.
1977
Year Built
1
Day on Site
A1164495
MLS®
FALL IN LOVE WITH BANKVIEW LIVING!

This cozy condo located on a beautiful tree-lined street just steps from 17th Ave is not one to miss! This well maintained suite features spacious...
$799,900
Subdivision: Brentwood
4
Beds
3
Baths
1,267
Sq.Ft.
1971
Year Built
1
Day on Site
A1164361
MLS®
Welcome to 3512 Brenner Drive NW, situated on a huge sunny tiered lot, nestled in a small alcove in the NW corner of Brentwood, across from the forest of Brenner park and within steps of the K-6...

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