As we watch the Bank of Canada maintain its pause, the housing market’s rebound remains subdued, with home price growth nationally expected to slow to around 1%—notably less than the earlier forecast of 4%. This softer outlook is mainly tied to declining condo prices in British Columbia and Ontario, and we’re seeing that weaker demand, higher inventory, and slower population growth are keeping the recovery in check. The policy rate is holding at 2.25%, with little indication of movement unless we see unemployment rise above the 7–7.5% range. On a positive note, mortgage renewal pressure is easing a bit, thanks to stronger income growth and longer amortization periods, which are helping soften the payment shock for many homeowners. These shifts highlight how important it is to have a clear, local perspective when navigating today’s market—especially if you’re considering your next move in Calgary. My experience working with new immigrants, investors, and families in our city has shown me that informed guidance can make all the difference in times of uncertainty.
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