Interest Rate Projections First thing to say is that my crystal ball does not work that well!  Having said that, here is the summary of an article published today (August 30, 2022) in the Financial Post.  It is quoting Ian Pollick of CIBC.  He is predicting that the BOC will raise interest rates at their next meeting (September 7.) by between 0.50 and 0.75% maximum.  Mr. Pollick said that h ...

This graph shows Calgary as the most affordable major city in Canada.  That is why I think that prices in Calgary will do better than the rest of Canada!

Year over year the market is performing well.  Looking at Month over month (June to July 2022) the market is more stagnent.

Calgary Real Estate Market to end of July 2022 As expected the Real Estate market in Calgary is slowing.  The “Months of Supply” has been increasing for the last several months, as can be seen by the blue bars on the attached graph.  This will lead to downward price pressure if the trend continues.  Rising interest rates are tending to slow the market, while the high price of energy is help ...