What could the Bank Of Canada's next announcement mean for the market?
Posted on Dec 05, 2024
All signs suggest that the Bank of Canada will cut interest rates on December 11, which is good news for those looking to enter the housing market. As the economy slows, with GDP growth underperforming and inflation slightly higher than expected, the anticipated rate cut is expected to lower prime rates and variable mortgage rates, making home owne...
Supply on the rise, but not across all price ranges
Posted on Dec 04, 2024
December 2, 2024
Supply on the rise, but not across all price ranges
As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline...