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

2423 Properties
Page 1 of 202
$369,900
Neighbourhood: Harvest Hills
2
Beds
2
Baths
840
Sq.Ft.
2023
Year Built
2
Days on Site
A2109984
MLS®
$217,500
Neighbourhood: Coach Hill
1
Beds
1
Baths
646
Sq.Ft.
1978
Year Built
2
Days on Site
A2105692
MLS®
$424,900
Neighbourhood: Eau Claire
2
Beds
2
Baths
1,085
Sq.Ft.
1999
Year Built
2
Days on Site
A2109961
MLS®
$414,900
Neighbourhood: Mission
2
Beds
2
Baths
1,105
Sq.Ft.
1984
Year Built
2
Days on Site
A2109400
MLS®
$549,900
Neighbourhood: Taradale
4
Beds
2
Baths
813
Sq.Ft.
2003
Year Built
2
Days on Site
A2109966
MLS®
$640,000
Neighbourhood: Redstone
3
Beds
2F11/2
Baths
1,651
Sq.Ft.
2019
Year Built
2
Days on Site
A2103218
MLS®
$678,000
Neighbourhood: Dalhousie
5
Beds
2F11/2
Baths
1,174
Sq.Ft.
1972
Year Built
2
Days on Site
A2109751
MLS®
$329,900
Neighbourhood: Panorama Hills
2
Beds
2
Baths
952
Sq.Ft.
2008
Year Built
2
Days on Site
A2109987
MLS®
$3,499,900
Neighbourhood: Elbow Park
5
Beds
4F11/2
Baths
4,267
Sq.Ft.
2004
Year Built
2
Days on Site
A2096567
MLS®
$349,900
Condo: Village III
3
Beds
2
Baths
1,076
Sq.Ft.
1977
Year Built
2
Days on Site
A2107007
MLS®
$938,800
Neighbourhood: Richmond
4
Beds
3F11/2
Baths
1,928
Sq.Ft.
2006
Year Built
2
Days on Site
A2109927
MLS®
$275,000
Neighbourhood: Carrington
1
Beds
1
Baths
516
Sq.Ft.
2022
Year Built
2
Days on Site
A2109226
MLS®

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