📉 Big News: Bank of Canada Cuts Rate to 2.25%

In a widely anticipated move, the Bank of Canada trimmed its key rate to 2.25%. For Alberta property owners with variable-rate mortgages, that could translate into reduced payments but the central bank warned this may be the bottom of the cut cycle. Let’s explore what this means for your mortgage strategy.

💡 Example: On a $500,000 mortgage, a 0.25% drop saves about $65/month — that’s nearly $800 a year.

🏡 Alberta Housing Market Snapshot Stability & Slight Softening

In Alberta, the housing market is holding steady. While transaction volume has dipped, average prices remain robust and the market is balanced. In Calgary and Edmonton, limited inventory is expected to support modest price gains through 2025. If you’re considering your next move, renewal, refinance, or purchase, these trends matter. I can walk you through what it means in your city or postal code

Here are 3 smart questions to ask before you renew:

• Alberta’s average home price is roughly $502,063 (slight monthly dip) and the benchmark is ~$510,700.
• Sales have slowed: in September 2025, Alberta recorded ~6,099 sales, down ~10.9% month-over-month.
• Market status: A balanced market (Sales-to-New Listings Ratio ~57%) — not overheating, not freezing.
• Forecasts for growth: Experts expect Calgary prices to grow 3–5%, Edmonton to rise 2–4%, with tighter inventory pushing seller advantage in many areas.

The renewal decision could cost — or save — you thousands over the next 5 years. Don’t just sign the first offer your bank sends, call me!

🔮 Forecast & Strategy: What’s Next: And What You Should Do...

We may have reached a pivot. Many economists believe 2.25% could be the floor for this cycle. For homeowners with variable rates, now is the time to run the numbers. For those renewing or buying, mixing fixed & variable approaches may be optimal. If you’d like a custom run for your mortgage — what you’d save (or risk) — shoot me your current details and I’ll crunch it for you.

• If you have a variable-rate mortgage, now is a good time to review whether you should refinance or shift to a fixed portion.
• If renewing soon, consider locking part into fixed rates to hedge against a possible rate rebound.
• Keep an eye on inflation data and Bank announcements — the next move could come from unexpected economic shifts.
• For buyers: act if your local market shows signs of supply tightening, but be cautious if rate risk is high.