1 / 2

Are Mortgage Rates Going Down in Calgary An In-Depth Analysi

The question on every homebuyeru2019s mind in Calgary is whether mortgage rates will decrease in 2025. With the Bank of Canada already implementing rate cuts, many are hopeful that borrowing costs will become more affordable. Letu2019s dive into what to expect for mortgage rates in Calgary this year.

Rich25
Download Presentation

Are Mortgage Rates Going Down in Calgary An In-Depth Analysi

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Are Mortgage Rates Going Down in Calgary? An In-Depth Analysis The question on every homebuyer’s mind in Calgary is whether mortgage rates will decrease in 2025. With the Bank of Canada already implementing rate cuts, many are hopeful that borrowing costs will become more affordable. Let’s dive into what to expect for mortgage rates in Calgary this year. Will Mortgage Rates Drop in 2025? Experts predict that mortgage rates in Canada, including Calgary, will continue their downward trend in 2025. The Bank of Canada has already reduced its benchmark rate from 5% to 3.25%, with further cuts expected, potentially bringing it down to 2.5%–2.75% by mid-2025 Variable mortgage rates are likely to drop below fixed rates again, reversing the trend of the past few years. As a result, homeowners looking for the best mortgage rates might consider variable options, which could reach around 3.6% by mid-2025. However, fixed mortgage rates may not decrease significantly, as bond yields appear to have stabilized . What This Means for Calgary Homebuyers Lower mortgage rates could lead to increased housing market activity. In fact, Calgary's real estate market is expected to remain strong, with home sales projected to grow by over 15% in 2025 . However, affordability challenges may persist, keeping some buyers on the sidelines despite falling rates. If you’re new to Canada and looking for a mortgage, the upcoming rate cuts may provide a good opportunity to secure a loan at a more favorable rate. Similarly, self-employed borrowers and those seeking a private mortgage might find better terms as lenders adjust to a lower-rate environment.

  2. What About Commercial and Construction Mortgages? For those in the market for a commercial mortgage or construction mortgage, rate cuts could ease borrowing costs, encouraging investment in new projects. However, factors like economic uncertainty and potential U.S. trade tariffs may still influence business lending decisions . Becoming a Mortgage Agent in Alberta If you’re considering a career in real estate finance, this could be a great time to explore how to become a mortgage agent in Alberta. With an expected increase in home sales and refinancing, mortgage brokers will be in high demand. Final Thoughts While mortgage rates in Calgary are expected to decline, they may not drop dramatically overnight. Prospective buyers and homeowners should consult a mortgage broker near them to explore the best options. With rates trending downward, 2025 could be an ideal time to enter the housing market or refinance an existing loan. Would you like assistance finding the best mortgage rates in Calgary? Let me know how I can help!

More Related