Calgary Rate Announcement: What It Means for Buyers and Sellers

Calgary Rate Announcement: What It Means for Buyers and Sellers

A potential rate drop of 0.25% could bring the Bank of Canada's rate down to 3%. If this proposal moves forward, it would mark a key moment in the market—the government’s signal that the economy is achieving balance. For both buyers and sellers in Calgary, this news has significant implications.

For Buyers: The Bottom Is Near

If you've been waiting for the right time to enter the market, the signal is clear: we are approaching the bottom. Active solds are catching up to buyers, and sales prices are now meeting or exceeding list prices. This momentum indicates increasing competition, making it harder to find deals next week compared to this week. Acting now allows you to secure a property before prices rise further and inventory tightens.

For Sellers: Timing Depends on Your Goals

If you’re a seller debating whether to list now or later, consider your situation. For those planning to upsize, now is an excellent opportunity. By selling your current property and buying into the market, you can position yourself to benefit from future appreciation as prices continue to climb.

However, if you’re not in a rush to sell and are looking for maximum gains, holding off for the next week or two may be a strategic move as market conditions continue to favor sellers.

The Takeaway

This proposed rate adjustment could be a pivotal moment for Calgary’s real estate market. Buyers should prepare to act quickly to secure a property before competition increases. Sellers looking to upsize can capitalize on current conditions, while those waiting for maximum returns might consider holding off. Either way, the market is moving, and timing is everything.