It’s no secret that buying a home in Canada has become more challenging, thanks to the pandemic housing boom and persistent inflation. The Bank of Canada has moved interest rates up sharply in recent years, though there have now been nine cuts, bringing the rate to 2.25%. Inflation is hovering around 3%, and fixed mortgage rates are still unpredictable—though some have dipped below 4%. Having guided Calgary families through all kinds of markets over the past 18 years, I know firsthand how these numbers translate into real-life decisions, whether you’re a first-time buyer or looking to invest. My own journey started with a tough real estate experience, so I understand the uncertainty and the excitement that comes with every market shift. It’s moments like these that remind me why I’m committed to helping my clients navigate the ups and downs of our ever-changing market.
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