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

4155 Properties
Page 1 of 347
$499,900
Neighbourhood: Legacy
3
Beds
2F11/2
Baths
1,348
Sq.Ft.
2015
Year Built
1
Day on Site
A1221294
MLS®
Welcome to your new home! This bright and airy home features an open concept layout with a large living room, well sized dining are and modern kitchen with stainless steel appliances, quartz counters...
$235,000
Neighbourhood: Country Hills Village
2
Beds
2
Baths
852
Sq.Ft.
2007
Year Built
1
Day on Site
A1220868
MLS®
Welcome to Country Village! This beautiful 2 bedroom and 2 bathroom unit on the 3rd floor features a great open concept floor plan. The optimal location for anyone wanting all major amenities within...
$354,900
Neighbourhood: Cedarbrae
4
Beds
2F11/2
Baths
1,370
Sq.Ft.
1979
Year Built
1
Day on Site
A1216359
MLS®
Huge 4 bedroom plus BONUS room 2.5 bath townhome , single attached garage and FENCED backyard with new decking located on a quiet street in Cedarbrae . Upon entering you are welcomed to a large...
$789,000
Neighbourhood: Mahogany
5
Beds
3F11/2
Baths
2,406
Sq.Ft.
2009
Year Built
1
Day on Site
A1218373
MLS®
Welcome to this wonderful, bright home located in a quiet cul-de-sac and only minutes from the lake in Mahogany!
With over 3300 sq feet of living space, this home offers 4 bedrooms on the upper...
$475,000
Neighbourhood: Renfrew
3
Beds
2F11/2
Baths
1,435
Sq.Ft.
2003
Year Built
1
Day on Site
A1220851
MLS®
Beautiful tree lined street, friendly community, excellent price point. Welcome to this bright and updated townhome in the inner-city neighbourhood of Renfrew. With over 1900 sq ft of living space,...
$275,000
Neighbourhood: Beltline
2
Beds
1
Baths
775
Sq.Ft.
1969
Year Built
1
Day on Site
A1221260
MLS®
This TOP floor/penthouse suite with two bedrooms is move-in ready! Live at the heart of the beltline area only steps away from amenities on 11 Street and the excitement of 17 Avenue SW. Featuring...
$485,000
Neighbourhood: Whitehorn
5
Beds
3F11/2
Baths
1,160
Sq.Ft.
1979
Year Built
1
Day on Site
A1217820
MLS®
Great Location! WELCOME to the fully renovated 3+2 Bedrooms and 3.5 Bathrooms Stunning Home in most Convenient WHITEHORN Community of NE CALGARY. This recently Renovated Four Levels Split Home Offers...
$204,900
Neighbourhood: Millrise
1
Beds
1
Baths
597
Sq.Ft.
2008
Year Built
1
Day on Site
A1220681
MLS®
Incredible opportunity in fully loaded SE condo 'The Canvas at Millrise . This third floor unit comes with a contemporary kitchen you are going to LOVE with stainless appliances, maple-designed...
$349,000
Neighbourhood: Forest Lawn
3
Beds
2F11/2
Baths
828
Sq.Ft.
1946
Year Built
1
Day on Site
A1221331
MLS®
INVESTOR ALERT! RCG Zoned 50x120FT Lot! This cute 3 bed 2.5 bath home is the perfect investment or for the 1st time home buyer! Close to shopping, schools and major road arteries. New hot water...
$725,000
Neighbourhood: Parkland
3
Beds
3F11/2
Baths
1,868
Sq.Ft.
1976
Year Built
1
Day on Site
A1210313
MLS®
Location Location Location! This home is located in the desirable mature community of Parkland on a quiet cul de sac about two blocks to Fish Creek Provincial Park, very close to the community...
$610,000
Neighbourhood: Mahogany
3
Beds
2F11/2
Baths
1,664
Sq.Ft.
2021
Year Built
1
Day on Site
A1218448
MLS®
Exciting new listing across from a park in Mahogany! This Jayman-built home offers one of the latest floor plans with impressive 12-foot ceilings in the living room, entrance, and basement. When you...
$935,000
Neighbourhood: Signal Hill
5
Beds
3F11/2
Baths
2,653
Sq.Ft.
1999
Year Built
1
Day on Site
A1219135
MLS®
A BRILLIANT RENOVATION!! This rare 4 bedroom home, mere steps to Battalion Park School, has been fully renovated, top to bottom - BRILLIANT! Just completed work includes newly finished hardwoods...

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