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

2496 Properties
Page 1 of 208
$310,000
Neighbourhood: Downtown West End
2
Beds
1
Baths
839
Sq.Ft.
2005
Year Built
1
Day on Site
A2031820
MLS®
LIVE DOWNTOWN in this END UNIT spacious 2-bedroom 1 bath condo. Enjoy an active lifestyle while having the Bow River pathways to bike, jog or walk. Explore Kensington, Eau Claire, East Village...
$303,800
Neighbourhood: Brentwood
2
Beds
1
Baths
502
Sq.Ft.
2016
Year Built
1
Day on Site
A2034538
MLS®
Stop shouting "Location! Location! Location!" Just let the apartment speak for itself. Close to all level of schools including the famous Sir Churchill high school, Minutes to U of C, Children's &...
$319,900
Neighbourhood: Downtown West End
2
Beds
1
Baths
730
Sq.Ft.
2005
Year Built
1
Day on Site
A2033704
MLS®
Gorgeous View!The corner unit with excellent Feng shui: VIEWS OF THE MOUNTAINS, RIVER VALLEY AND DOWNTOWN IN THIS RENOVATED, 2-BEDROOM CORNER UNIT WITH FURNITURE! The girl raised in this condo went...
$280,000
Neighbourhood: Downtown West End
2
Beds
2
Baths
823
Sq.Ft.
2001
Year Built
1
Day on Site
A2033343
MLS®
This is a FANTASTIC opportunity to own a TWO BEDROOM west-facing unit in the desirable Vista West condo building located in the west-end. The location is IDEAL for commuting, with the LRT station and...
$799,900
Neighbourhood: Glenbrook
2
Beds
1F11/2
Baths
1,793
Sq.Ft.
1959
Year Built
1
Day on Site
A2033954
MLS®
ATTENTION BUILDERS / DEVELOPERS / INVESTORS, R-CG! side by side full duplex CORNER LOT 50x115 ft! give you the chance to build 4 TOWNHOUSES. Or you can buy with lot " 3107 42st sw" total 100x115 ft...
$750,000
Neighbourhood: Citadel
4
Beds
3F11/2
Baths
2,013
Sq.Ft.
1996
Year Built
1
Day on Site
A2034370
MLS®
Check out 62 CITADEL CREST CIRCLE with its amazing location and spectacular illegal basement suite! Amazing SOUTH FACING BACKYARD, which backs onto a PLAYGROUND, and GREENSPACE with a path leading...
$315,000
Neighbourhood: Beltline
1
Beds
1
Baths
786
Sq.Ft.
2006
Year Built
1
Day on Site
A2033132
MLS®
Entering this apartment, you'll be greeted by amazing city views from the floor-to-ceiling windows. This well-appointed and spacious unit features a stylish kitchen with ample counter space and...
$829,900
Neighbourhood: Richmond
4
Beds
3F11/2
Baths
1,884
Sq.Ft.
2013
Year Built
1
Day on Site
A2034500
MLS®
Welcome to this gorgeous home in the desirable community of Richmond. This stunning property offers timeless high-end finishing from top to bottom. When you enter the home you are greeted by a large...
$380,000
Neighbourhood: Spruce Cliff
2
Beds
2
Baths
942
Sq.Ft.
2010
Year Built
1
Day on Site
A2033314
MLS®
Welcome to your new home in Spruce Cliff! This stunning 2 bed, 2 bath condo is perfectly situated to provide you with spectacular views of both the majestic mountains and downtown Calgary. The condo...
$449,900
Neighbourhood: Bowness
3
Beds
1F11/2
Baths
816
Sq.Ft.
1955
Year Built
1
Day on Site
A2034393
MLS®
Only a few steps to beautiful Bowness Park! Investors, renovators & developers...you will appreciate the incredible opportunity here. How often can you pick up a full sized, flat lot with a south...
$1,050,000
Neighbourhood: Royal Oak
4
Beds
3F11/2
Baths
2,374
Sq.Ft.
2005
Year Built
1
Day on Site
A2033158
MLS®
Welcome to this beautiful and spacious Royal Oak home with many attractive features! This quiet, corner cul-de-sac lot offers privacy and a peaceful setting, and backs on to a pond. The tile flooring...
$244,900
Neighbourhood: Taradale
2
Beds
2
Baths
983
Sq.Ft.
2013
Year Built
1
Day on Site
A2034320
MLS®
Welcome to this top level corner unit which boasts one of the larger floor plans in the building, featuring 2 bedrooms, 2 bathrooms, + Den. with open floor plan. With one titled underground parking....

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