Updated Home Affordability Numbers
Hey Guys! I thought some of you might be interested in seeing some affordability numbers in today's housing market. Let's look at how much income is required to purchase two properties, as
Category
Fundamental knowledge
Bank of Canada 50 Basis Point Rate Hike
So many words below!! TL;DR ... The Bank of Canada increased the key policy rate by 0.50% this morning moving the rate higher to 3.75%.The commercial bank Prime interest rate will
Is Canada Importing U.S. Interest Rates?
Hey Guys! This is a monetary policy update from the U.S. which influences the Bank of Canada (BoC) and ultimately Canadian monetary policy (interest rates). I know we are all facing higher
Calgary Real Estate Update: August 2022 Data
Hey Guys! Let's see how Calgary's Real Estate market is changing with higher interest rates! The Bank of Canada announced a 0.75% rate hike this morning (see below). We're reviewing some key
Calgary Market Update: Off Peak Pricing
Hey Guys! Are you curious how higher fixed and variable interest rates are influencing Calgary's housing prices? See below. A general rule of thumb is a 1% rise of interest rates is
How To Refinance Calgary
Hey Guys! This kind of "how-to" email is not typical from me, but I thought this would help some folks. The easing of monetary policy, in response to the pandemic, was a
Cold Temp. HOT Market.
Let's recap the month of November in Calgary's Real Estate market and use the data to make some reasonable predictions to price movements. Price movements are grounded on the fundamentals
October 2021 Sales Data
Ok, this was close. I've been consistently presenting my readers Calgary Real Estate Board (CREB) data for 83 months ...I just about missed this month (for no good reason).
Tapering And Rate Hikes
Hey Folks! Let's talk about the following: Fixed rates move higher, buy why?Tapering of asset purchases and what this might mean. Interest rate hikes by central bankers - rock and a hard place. As