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

3810 Properties
Page 1 of 318
Open 6/16
118 Evansmeade Crescent NW Calgary,  AB T3P 1B9
$899,999
Neighbourhood: Evanston
5
Beds
3F11/2
Baths
2,220
Sq.Ft.
2015
Year Built
1
Day on Site
A2137566
MLS®
$3,416,615
Neighbourhood: Elboya
3
Beds
4F11/2
Baths
2,947
Sq.Ft.
2019
Year Built
1
Day on Site
A2138708
MLS®
Open 6/16
593 Auburn Bay Ave SE Calgary,  AB T3M 1T3
$499,900
Neighbourhood: Auburn Bay
2
Beds
2F11/2
Baths
1,173
Sq.Ft.
2013
Year Built
1
Day on Site
A2140958
MLS®
$945,000
Neighbourhood: Sherwood
5
Beds
4F11/2
Baths
2,564
Sq.Ft.
2016
Year Built
1
Day on Site
A2140979
MLS®
$720,000
Neighbourhood: Whitehorn
5
Beds
2F11/2
Baths
1,288
Sq.Ft.
1975
Year Built
1
Day on Site
A2141399
MLS®
$729,000
Neighbourhood: Wolf Willow
4
Beds
3F11/2
Baths
1,808
Sq.Ft.
2021
Year Built
1
Day on Site
A2124565
MLS®
$345,000
Neighbourhood: Legacy
2
Beds
2
Baths
774
Sq.Ft.
2016
Year Built
1
Day on Site
A2129664
MLS®
$699,900
Neighbourhood: Cornerstone
4
Beds
3
Baths
1,803
Sq.Ft.
2022
Year Built
1
Day on Site
A2137507
MLS®
Open 6/15
155 Deerbow Circle SE Calgary,  AB T2J 6A1
$599,990
Neighbourhood: Deer Run
3
Beds
2F11/2
Baths
1,196
Sq.Ft.
1981
Year Built
1
Day on Site
A2139897
MLS®
Open 6/15
1051 Cornerstone St NE Calgary,  AB T3N1G6
$670,000
Neighbourhood: Cornerstone
4
Beds
3
Baths
1,780
Sq.Ft.
2017
Year Built
1
Day on Site
A2140153
MLS®
Open 6/15
92 Copperleaf Way SE Calgary,  AB T2Z 0H9
$625,000
Neighbourhood: Copperfield
3
Beds
2F11/2
Baths
1,784
Sq.Ft.
2007
Year Built
1
Day on Site
A2140126
MLS®
$1,215,000
Neighbourhood: Winston Heights/Mountview
4
Beds
4F11/2
Baths
2,427
Sq.Ft.
2015
Year Built
1
Day on Site
A2140722
MLS®

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