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City

Select a City: No Preference Airdrie Black Diamond Bragg Creek Calgary Cochrane Heritage Pointe Okotoks Out of Province Priddis Priddis Greens Rural Foothills M.D. Rural Rocky View MD Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Subdivision

Enter a Subdivision:

Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Quadrant

Select a Quadrant: No Preference NW SW SE NE Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Address

Search Street Address: Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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MLS®

Enter MLS® Number: MLS® Number: MLS® Number: MLS® Number:

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Map

Select a Starting Point: No Preference Abbeydale Acadia Albert Park Altadore_river Park Applewood Arbour Lake Aspen Woods Banff Trail Bankview Bayview Beddington Bel Aire Bowness Braeside_braesde Est Brentwood_calg Briar Hill Bridgeland Bridlewood Britannia Cambrian Heights Canyon Mdws Estates Canyon Meadows Capitol Hill Castleridge Cedarbrae Cfb Lincoln Park Chaparral Charleswood Chinook Park Christie Park Estate Citadel Cliff Bungalow Coach Hill Collingwood Connaught Copperfield Coral Springs Cougar Ridge Country Hills Country Hills Village Coventry Hills Cranston Crescent Heights Crestmont Dalhousie Deer Ridge Deer Run Diamond Cove Discovery Ridge Douglas Rdg_dglsdale Douglasdale Estates Douglasglen Dover Dover Glen Downtown Downtown East Village Downtown West End Eagle Ridge East Mayland Heights Eau Claire Edgemont Elbow Park_glencoe Elboya Erinwoods Erlton Evanston Evergreen Fairview Falconridge Fonda Forest Heights Forest Lawn Glamorgan Glenbrook Glendle_glendle Mdws Greenview Hamptons Harvest Hills Hawkwood Haysboro Hidden Valley Highfield Highland Park Highwood Hillhurst Huntington Hills Inglewood Kelvin Grove Killarney_glengarry Kingsland Lake Bonavista Lakeview Lakeview Village Lincoln Park Lk Bonavista Downs Lk Bonavista Estates Lower Mount Royal Lynnwood_riverglen Macewan Glen Manchester Maple Ridge Marlborough Marlborough Park Martindale Mayfair Mayland Heights Mckenzie Lake Mckenzie Towne Meadowlark Park Midnapore Millrise Mission Monterey Park Montgomery Mount Pleasant Mount Royal New Brighton North Glenmore North Haven Oakridge Oakridge Estates Ogden_lynnwd_millcan Palliser Panorama Hills Parkdale Parkhill_stanley Prk Parkland Penbrooke Pineridge Point Mckay Prominence_patterson Pump Hill Queensland Radisson Heights Ramsay Ranchlands Ranchlands Estates Redcarpet_mountview Renfrew_regal Terrace Richmond Hill Richmond Park_knobhl Rideau Park Riverbend Rocky Ridge Ranch Rosedale Rosemont Rosscarrock Roxboro Royal Oak Rundle Rutland Park Saddleridge Sandstone Scarboro Scenic Acres Shaganappi Shawnee Slps_evergreen Est Shawnessy Signature Parke Signl Hll_sienna Hll Silver Springs Somerset South Calgary Southview Southwood Springbank Hill Spruce Cliff St Andrews Heights Strathcona Park Sunalta Sundance Sunnyside Symons Valley Taradale Temple The Slopes Thorncliffe Tuscany Tuxedo University Heights Upper Scarboro Valley Ridge Varsity Acres Varsity Village Victoria Park Vista Heights West Dover West Hillhurst West Springs Westgate Whitehorn Wildwood Willow Park Willow Park Estates Windsor Park Winston Heights_mountview Woodbine Woodlands Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Why Mortgage Rates are Rising

Last week's move by Canadian lenders to raise their longer fixed term mortgage rates sparked some interesting discussions amongst clients. I thought it would be helpful to revisit what influences mortgage rates and discuss why Canadian mortgage rates are increasing.

Mortgage Rates & Bonds

Contrary to popular opinion, mortgage rates are not tied to interest rates *at least not directly*. Mortgage rates in fact are related to bonds and their yields (rates). Bonds are what are known as debt instruments, and Canadians have roughly 30 times more invested in debt markets *mainly bonds* than they have invested in equity markets *stocks*. The yield of a bond increases as the price of the bond falls. We won't get into the many variables affecting bond prices & yields, but as bonds become less appealing to the public *and their yields rise*, longer term fixed mortgage rates also rise.

Bond Prices

The financial chaos that has swept the world has resulted in the issuance of an incredible amount of debt *primarily bonds* by governments around the world. Quantitative easing is the term used to describe US monetary policy to buy back government bonds & raise bond prices, which in turn should have lowered bond yields and kept mortgage rates at historical lows. The US Federal Reserve instituted quantitative easing in late March 2009, resulting in a large one day rise in bond prices. Unfortunately the effect was short lived, and bond prices have gone into a tailspin since then. Additionally, North Americans are worried about inflation and have started moving large cash positions into the riskier equity *stock* markets.

The net result is that even though the Bank of Canada's has left the benchmark lending rate at 0.25 per cent, long term fixed mortgage rates are on the rise.

What are your thoughts on mortgage rates? Are you planning on staying with a lower variable rate mortgage or locking into a longer fixed rate?

Listings on our site all have a handy mortgage calculator which allows you to calculate monthly payments using whatever criteria you choose.

Jim Sparrow sells Calgary Real Estate with Royal LePage Calgary & specializes in South Calgary estate and luxury homes. Visit our website Calgary Luxury Real Estate our blog Calgary Real Estate Blog or page me directly at Royal LePage Solutions 403.252.5900

 

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