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

4120 Properties
Page 1 of 344
$249,900
Condo: Rundlemere Court
2
Beds
1
Baths
1,018
Sq.Ft.
1978
Year Built
1
Day on Site
A1218728
MLS®
Good starter home or investment property. Walking distance to LRT station, and closes to Sunridge Mall, schools, and public transits. This updated 2 story townhouse features laminated floor...
$728,888
Neighbourhood: Kincora
3
Beds
2F21/2
Baths
2,194
Sq.Ft.
2004
Year Built
1
Day on Site
A1218360
MLS®
Beautifully maintained home in the ever popular community of Kincora. This home features all the bells and whistles including central air conditioning and a professionally installed raised flower...
$585,000
Neighbourhood: Citadel
3
Beds
3F11/2
Baths
1,850
Sq.Ft.
1998
Year Built
1
Day on Site
A1218391
MLS®
Fabulous two story home with three generous size bedrooms. This home features a nice size formal dining room as you enter the home; a great kitchen layout that overlooks the living room and a...
1
Beds
1
Baths
507
Sq.Ft.
2019
Year Built
1
Day on Site
A1218176
MLS®
INVESTOR ALERT! TENANT OCCUPIED 1 BEDROOM CONDO with TITLED PARKING and STORAGE in the LAKE COMMUNITY of AUBURN BAY. This BRIGHT, WELL MAINTAINED open concept 3rd FLOOR unit features 9 ft ceilings,...
$2,650,000
Neighbourhood: Pump Hill
5
Beds
6F11/2
Baths
7,011
Sq.Ft.
1990
Year Built
1
Day on Site
A1217414
MLS®
Welcome to the exclusive estate community of Pump Hill for your new discerning lifestyle. Your new estate offers over 8700 sqft of living quarters featuring 5 bedrooms and 7 bathrooms that is...
$519,900
Neighbourhood: Citadel
4
Beds
2F11/2
Baths
1,952
Sq.Ft.
1994
Year Built
1
Day on Site
A1209608
MLS®
BARGAIN ALERT! Spacious 1952 sq, ft, home, steps from the school, features vaulted ceilings throughout living room, dining room and kitchen with a huge skylight. Kitchen also features island, pantry...
$884,900
Neighbourhood: Lake Bonavista
5
Beds
3
Baths
1,282
Sq.Ft.
1970
Year Built
1
Day on Site
A1215665
MLS®
Welcome to Lake Christina Way, a quiet coveted street and offering a rare opportunity to purchase a home on the escarpment. This bungalow is within walking distance to the lake, shopping centres and...
$519,000
Neighbourhood: Marlborough
6
Beds
2F11/2
Baths
1,295
Sq.Ft.
1968
Year Built
1
Day on Site
A1218868
MLS®
Great Opportunity in Marlborough- Gorgeous Updated bungalow-residence or investment! Super well-maintained bungalow home located on quiet street -Total 6 Bed+2.5 Bath+ Oversized Double Insulated and...
Open 6/4
130 Regal Park NE Calgary, AB T2E 0S6
$370,000
Condo: Regal Park
2
Beds
1F11/2
Baths
1,249
Sq.Ft.
1999
Year Built
1
Day on Site
A1218337
MLS®
ONE OF THE BEST LOCATIONS IN THE COMPLEX with Green Space and Mature Trees in both Front & Back. Drive up to your Convenient Attached Double Tandem Garage and Walk Right in to the Front Foyer....
$240,000
Condo: Coach Hill Manor
3
Beds
1F11/2
Baths
1,069
Sq.Ft.
1978
Year Built
1
Day on Site
A1216210
MLS®
3 Bedroom Townhouse in well managed and maintained Coach Hill Manor. This updated 3 bedroom unit features newer laminate flooring and ceramic tiles. You will love the large and sunny living room...
$410,000
Neighbourhood: Mayland Heights
4
Beds
2
Baths
940
Sq.Ft.
1979
Year Built
1
Day on Site
A1218368
MLS®
Spacious semi-detached bi-level home in Mayland Heights with 2 bedrooms up and 2 bedrooms down, two 4 pc full bathrooms, over 930 sq ft on the main level, finished basement has 840 sq ft of developed...
$725,000
Neighbourhood: Meadowlark Park
5
Beds
3
Baths
1,319
Sq.Ft.
1956
Year Built
1
Day on Site
A1218726
MLS®
Welcome Home! This classic Meadowlark Park bungalow has been lovingly owned. Situated on a quiet tree lined street this bungalow offers you the opportunity to renovate, or re develop this amazing...

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