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

3326 Properties
Page 1 of 278
$529,999
Neighbourhood: Dover
3
Beds
2
Baths
914
Sq.Ft.
1970
Year Built
1
Day on Site
A2085263
MLS®
Welcome to your new home at 4115 30 Ave SE, Calgary! This charming property offers a perfect blend of comfort, convenience, and modern living with 4 bedrooms (3 upstairs and 1 in the developed...
$549,900
Neighbourhood: Martindale
4
Beds
2
Baths
1,075
Sq.Ft.
1989
Year Built
1
Day on Site
A2084735
MLS®
Welcome to this elegantly remodelled residence, boasting total 4 bedrooms and 2 full bathrooms, along with a double detached garage. Basement includes rough-ins for a basement kitchen suite. This...
$275,000
Neighbourhood: Beltline
2
Beds
1
Baths
844
Sq.Ft.
1981
Year Built
1
Day on Site
A2084891
MLS®
Welcome to your beautifully upgraded 822 Sq. Ft. 2-bedroom, 1-bathroom condo, complete with 1 titled parking stall. As you step into this inviting space, you'll be greeted by an open floor plan that...
Open 10/7
53 Tuscarora Place NW Calgary,  AB T3L 2G1
$664,850
Neighbourhood: Tuscany
4
Beds
3F11/2
Baths
2,023
Sq.Ft.
1998
Year Built
1
Day on Site
A2085240
MLS®
Welcome to your dream family home in the heart of Tuscany! This exceptional residence offers everything you've been searching for and more. Prepare to be captivated by beautiful MOUNTAIN VIEWS that...
$749,999
Neighbourhood: Woodbine
4
Beds
2F11/2
Baths
2,327
Sq.Ft.
1981
Year Built
1
Day on Site
A2084553
MLS®
Welcome to 283 Woodfiled Road, an extremely well built home in Woodbine Estates with 4 Bedrooms up, a HUGE TRIPLE ATTACHED GARAGE + parking pad for extra cars/recreational vehicles, incredibley large...
$875,000
Neighbourhood: Ambleton
5
Beds
3
Baths
2,411
Sq.Ft.
2023
Year Built
1
Day on Site
A2077953
MLS®
This splendid 2023 built residence boasts an expansive 2411 square feet of living space, offering a harmonious fusion of luxury and practicality. Elegance and comfort intertwine within its capacious...
$315,000
Neighbourhood: Downtown Commercial Core
1
Beds
1
Baths
666
Sq.Ft.
2006
Year Built
1
Day on Site
A2083853
MLS®
FALL IN LOVE with this exquisite 17th floor condo with a MUST SEE BOW RIVER VIEW located in the HIGHLY SOUGHT-AFTER Five West building. You'll love coming home to this warm and inviting unit with...
$259,000
Condo: Green Meadow
3
Beds
1
Baths
1,108
Sq.Ft.
1978
Year Built
1
Day on Site
A2084630
MLS®
The spacious townhouse with a playground view and greenery sounds perfect for families. Updated flooring, a refreshed kitchen with new countertops, backsplash, and a hood fan, along with a balcony...
Open 10/7
146 Bridleridge Way SW Calgary,  AB T2Y 4K8
$524,900
Neighbourhood: Bridlewood
4
Beds
2F11/2
Baths
1,288
Sq.Ft.
2002
Year Built
1
Day on Site
A2084792
MLS®
OPEN HOUSE SATURDAY OCTOBER 7TH FROM 1 to 3 PM.!! Beautifully renovated, fully finished 3+1 bedroom home in an unsurpassable location! Exuding pride of ownership inside and out! A neutral colour...
$675,000
Neighbourhood: Chaparral
4
Beds
2F11/2
Baths
1,785
Sq.Ft.
2000
Year Built
1
Day on Site
A2085033
MLS®
Lake Living in Chaparral, Welcome to 29 Chaparral Bay SE in the heart of Chaparral, situated on a quiet Cul-De-Sac, a short walking distance to Shopping centre, and the Main Beach. The incredible...
$270,000
Condo: Glenbrook Meadows
2
Beds
1
Baths
933
Sq.Ft.
1978
Year Built
1
Day on Site
A2085100
MLS®
Welcome to Glenbrook Meadows!! This spacious 2 bedroom end unit offers a perfect blend of indoor comfort and outdoor serenity with private fenced yard. Inside, beautiful laminate flooring spans the...
Open 10/7
1748 36 Ave SW Calgary,  AB T2T 2G3
$849,900
Neighbourhood: Altadore
3
Beds
3
Baths
1,773
Sq.Ft.
2018
Year Built
1
Day on Site
A2084384
MLS®
Marda Loop masterpiece! Beyond curb appeal, this luxurious 3-storey townhouse exemplifies elegance in interior design, excellence in property location, and the genius of xeriscape landscaping....

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