Interest Rates and Ratewatch - January 2022

The Bank of Canada announced this morning that they would leave the prime rate alone for another 8 weeks

Fixed rates are heading up

If you're looking to buy a home, nows a good time to buy and lock in the low rates.
If you have a variable rate mortgage and you are working the plan of using accelerated payments and annual pre-payments, you are still going to be ahead of the game in the long run. If you are working this plan on your variable rate mortgage, keep up the good work. If you can't make those extra payments, then now may be a time to consider converting back to a fixed-term while rates are still under 3%.

The current real estate market

Throughout this Pandemic, the one area that has not suffered is real estate. We have seen an upswing on-demand in Alberta. We are in a seller's market once again in Alberta. It has been over a decade since we could say this. Folks are tired of living in a small space all the time. They are demanding more room and this has helped drive the housing market across the country. It is expected that this demand will continue in Alberta as Alberta's market is still affordable and many people are looking to move to an area where they can buy a home and make a good life for their families. I except the Calgary market will remain strong in 2022, however we will rely on suply increasing.

Rates are still low

Interest rates are still low, in the high 2% range.
The Bond market is rising and that will lead to higher fixed rates throughout 2022. We will continue to see interest rates climb in 2022. We have already seen 5 fixed rate increases since October of 2021. This is expected to continue into 2023.

Current Rates

TERM RATE

1 Year 2.54% Ins. 2.59% Conv.
2 Year 2.54% Ins. 2.79% Conv.
3 Year 2.59% Ins. 2.79% Conv.
4 Year 2.69% Ins 2.84% Conv.
5 Year  2.69% Ins. 2.94% Conv. 
7 Year 3.14% Ins 3.14% Conv
10 Year 3.40% Ins. 3.40% Conv

Variable Rates

Prime - .70% to 1.10%

The Bank of Canada Prime Rate remains at 2.45%

Read More the full report from the Bank of Canada here

Thinking of buying or selling your home? We can help.
We offer no-obligation, complimentary, home evaluations.

Phone(403) 270-7601

Email[email protected]

Address Ray Riley
#115 8820 Blackfoot Trail SE
Calgary, AB T2J 3J1

Included below are a list of Homes for Sale in Calgary, Alberta

2617 Properties
Page 1 of 219
Open 12/3
7626 24 St SE Calgary, AB T2C0Y8
$365,000
Neighbourhood: Ogden
3
Beds
2F11/2
Baths
999
Sq.Ft.
1971
Year Built
1
Day on Site
A2014345
MLS®
**OPEN HOUSE: SAT & SUN, DEC 3 & 4: 12 PM - 3 PM** TASTEFULLY RENOVATED | NO CONDO FEES | OPEN FLOOR PLAN | READY TO MOVE | Welcome to this one-of-a-kind renovated home in the well established...
$528,800
Neighbourhood: Spruce Cliff
2
Beds
2
Baths
1,610
Sq.Ft.
2010
Year Built
1
Day on Site
A2013586
MLS®
**Welcome to the OVATION building** This luxurious 2-storey 1600 sq ft living space with unobstructed views of the downtown skyline and Shaganappi golf course is truly spectacular and must be viewed...
$285,000
Neighbourhood: Beltline
2
Beds
2
Baths
783
Sq.Ft.
1996
Year Built
1
Day on Site
A2014095
MLS®
Super rare 10' ceilings in this TOP FLOOR condo! Incredible natural light with SW corner exposure! Perfect location in the Beltline on a quiet street beside a park & tennis court but still in walking...
$399,000
Neighbourhood: Nolan Hill
2
Beds
2F11/2
Baths
1,270
Sq.Ft.
2015
Year Built
1
Day on Site
A2014285
MLS®
A gorgeous 2 bedroom, 2.5 bathroom end unit townhome with an attached garage in the desirable community of Nolan Hill. Bright and spacious, this south-facing unit is doused in natural light...
$423,600
Neighbourhood: Evergreen
3
Beds
2F11/2
Baths
1,350
Sq.Ft.
2006
Year Built
1
Day on Site
A2013011
MLS®
This perfectly maintained 3 Bed / 2.5 bath home in the well-sought community of Evergreen (Calgary) is the definition of
pride of homeownership. The Roof and the Sidinings were replaced in 2021....
$569,000
Neighbourhood: Cornerstone
3
Beds
2F11/2
Baths
1,560
Sq.Ft.
2022
Year Built
1
Day on Site
A2014221
MLS®
Brand New, NEVER occupied single, family DETACHED home built by Shane Homes (Sienna Model), located in one of the prestigious communities of NE, Calgary, Cornerstone. This highly upgraded home is...
$499,999
Neighbourhood: Beltline
2
Beds
2
Baths
900
Sq.Ft.
2010
Year Built
1
Day on Site
A2014208
MLS®
Do not miss out on this fantastic opportunity to own one of the most sought-after 2 bedroom / 2 bathroom corner units in the highly desirable NUERA building. Situated high up on the 22nd floor, this...
$294,900
Neighbourhood: Rocky Ridge
1
Beds
1
Baths
709
Sq.Ft.
2005
Year Built
1
Day on Site
A2014188
MLS®
MODERN SOPHISTICATION in the established Community of Rocky Ridge - This condo has been professionally renovated from top to bottom and is a SHOW-STOPPER! The front porch is where the magic begins-...
$235,000
Neighbourhood: Haysboro
1
Beds
1
Baths
697
Sq.Ft.
2010
Year Built
1
Day on Site
A2014332
MLS®
ATTENTION INVESTORS & FIRST-TIME BUYERS! This 1 Bed / 1 Bath suite is the perfect opportunity to buy into Calgary's booming real estate market in the ideal location for an excellent price. Located...
$260,000
Neighbourhood: Somerset
2
Beds
2
Baths
966
Sq.Ft.
2001
Year Built
1
Day on Site
A2013699
MLS®
Welcome to your 2nd floor CORNER Unit condo at Somerset Crossing, a really short walk to the C-train, YMCA, Library, schools, restaurants and so much more shopping! This LARGE apartment offers 2...
$309,900
Neighbourhood: Bridgeland/Riverside
2
Beds
2
Baths
875
Sq.Ft.
2004
Year Built
1
Day on Site
A2014356
MLS®
IMMACULATE 2 bed, 2 bath SW exposure corner unit with HEATED UNDERGROUND separate parking stall. Features include, kitchen with MAPLE CABINETS, loads of good counterspace, stainless steel dishwasher,...
Open 12/10
18 Tararidge Close NE Calgary, AB T3J 2P7
$399,000
Neighbourhood: Taradale
4
Beds
2
Baths
971
Sq.Ft.
1984
Year Built
1
Day on Site
A2014236
MLS®
FULLY RENOVATED 4 Level Split home in the area of Taradale. This 4 bedrooms and 2 baths home has been fully renovated from floor to ceiling. Upon entering the home, you will be greeted with a large...

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