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

3727 Properties
Page 1 of 311
$595,000
Neighbourhood: Nolan Hill
4
Beds
3F11/2
Baths
1,432
Sq.Ft.
2013
Year Built
1
Day on Site
A1259342
MLS®
Welcome to this beautiful two storey detached home in Nolan Hill. This 4 Bedroom house is built by Trico with Detached 2 Car Garage with Paved alley in the back. Only minutes away from Nolan Hill...
$460,000
Neighbourhood: Bridlewood
3
Beds
2
Baths
1,232
Sq.Ft.
1998
Year Built
1
Day on Site
A1252589
MLS®
** PRICE IMPROVEMENT** OPEN HOUSE Sat, Oct 1 from 1pm-4pm and Sun, Oct 2 from 1pm-3pm.
Don't miss out on this fully renovated 2 Story with detached large double size garage in the heart of...
$599,000
Neighbourhood: Banff Trail
5
Beds
2
Baths
1,057
Sq.Ft.
1952
Year Built
1
Day on Site
A2003912
MLS®
Fantastic investment opportunity, in a prime location, at a magnificent price. Proven revenue property, on a R-C2. 50 x 120 lot, with a sunny WEST back yard; perfect for holding or redevelopment....
$875,000
Neighbourhood: Dalhousie
4
Beds
3
Baths
1,381
Sq.Ft.
1972
Year Built
1
Day on Site
A2003299
MLS®
DREAM HOME! Welcome to your exquisitely redesigned and professionally renovated home in West Dalhousie! This 4-bedroom executive bi-level home boasts a total of over 2291sq ft on two levels with a...
$690,000
Neighbourhood: Panorama Hills
5
Beds
3F11/2
Baths
2,297
Sq.Ft.
2007
Year Built
1
Day on Site
A2004004
MLS®
Gorgeous 2 STOREY HOME in the heart of Panorama. You're walking distance to amenities and recreational delights such as playgrounds, schools, city transit and easy access to the Ring Road. The home...
$549,900
Neighbourhood: Hawkwood
3
Beds
3F11/2
Baths
1,803
Sq.Ft.
1992
Year Built
1
Day on Site
A2003215
MLS®
Your kids can walk to school from this lovingly maintained home in the popular family community of Hawkwood, on this quiet street close to neighbourhood shopping, parks & bus stops. Original owners...
$574,900
Neighbourhood: Mahogany
2
Beds
2
Baths
1,036
Sq.Ft.
2018
Year Built
1
Day on Site
A1259650
MLS®
Check this out: No Condo Fees for 6 Months - Saving you thousands of Dollars!! WESTMAN VILLAGE - Discover this beautiful 2 BEDROOM, 2 BATH CORNER UNIT with expansive Balcony and Lake views! AIR...
$239,900
Neighbourhood: Tuxedo Park
1
Beds
1
Baths
834
Sq.Ft.
2011
Year Built
1
Day on Site
A2004116
MLS®
Look no further; you cannot ask for a better location than this. Located steps away from Centre Street where the new Greenline will be coming through in the near future. This one bedroom unit plus...
$489,900
Neighbourhood: Renfrew
3
Beds
2F11/2
Baths
1,398
Sq.Ft.
2012
Year Built
1
Day on Site
A1257799
MLS®
EXCEPTIONAL VALUE! This BEAUTIFUL and well-maintained 2 and a half storey townhome with 3 beds and 2.5 baths offers unique and modern touches. Situated in the quiet community of Renfrew, this home...
$1,138,000
Neighbourhood: West Hillhurst
3
Beds
2F11/2
Baths
1,835
Sq.Ft.
2023
Year Built
1
Day on Site
A1259012
MLS®
BRAND NEW SEMI DETACHED HOMES BY MINO HOMES | PRIME WEST HILLHURST LOCATION | AMENITY RICH | COUNTLESS HIGH-END FINISHES | Currently under construction. Choose your own finishes!

Located...
$197,888
Neighbourhood: Varsity
2
Beds
2
Baths
1,002
Sq.Ft.
1979
Year Built
1
Day on Site
A1258443
MLS®
An Estate sale opportunity in an amazing location with a HUGE outdoor patio space! Put your own finishing touches on this amazing two bedroom, two bathroom, ground floor corner unit that is close to...
$529,900
Neighbourhood: Ogden
5
Beds
3F11/2
Baths
1,692
Sq.Ft.
2009
Year Built
1
Day on Site
A1259595
MLS®
GORGEOUS !!!! PROFESSIONALLY DEVELOPED BASEMENT ( BRAND NEW ) WITH A SEPARATE ENTRANCE 2 STOREY HOME IN OGDEN . This lovely two storey home features an open concept with 9' knock down ceilings and...

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