09/19/2025
📉 Yesterday’s Bank of Canada rate cut is big news for Calgary home buyers and sellers! Here’s what you need to know:
🏡 Mortgage rates are expected to drop, making it easier and more affordable to buy your dream home. Lower rates mean you can qualify for more, or save on your monthly payments.
💸 Your purchasing power just increased:
• With a $3,000/month mortgage payment:
- Before today: you could afford a home around $575,000
- Now, with lower rates: you may qualify for a home up to $605,000
That’s $30,000 more for the same monthly cost!
🔑 Sellers: More buyers with bigger budgets means more competition for your property, often leading to faster sales and stronger offers.
What can you expect now?
• Variable-rate mortgages: If you already have one, your rate will likely drop almost right away—lenders pass along rate cuts quickly. New variable mortgages will also be more attractive.
• Fixed-rate mortgages: These tend to move a bit slower, but if bond yields stay low, lenders are expected to reduce fixed rates soon. Watch for more savings in the coming weeks!
If you’re thinking about buying, selling, or renewing, now’s a fantastic time to explore your options. I’m here for personalized advice and the latest market data!