What impact might the Bank of Canada's recent interest rate reduction have on Calgary's seller's market? In a significant move, the Bank of Canada has reduced its policy rate by 25 basis points. This decision is poised to have far-reaching effects on the Canadian economy, particularly in the vibrant real estate market of Calgary. In this blog, let’s explore the implications of this rate cut and what it...
May 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere In May, Calgary's real estate market witnessed a total of 3,092 resale home sales, showcasing a nearly one percent decrease compared to the previous year's record high. However, this figure remained 34 percent higher than long-term trends for the month, highlighting the market's underlying strength. The decline in sales was...