Calgary Real Estate Area Index

Jim Sparrow
Royal LePage Solutions

If you have any questions or need more detailed information, please feel free to contact us via phone or fill out the form to let us know how we can help with your Calgary real estate needs.

Royal LePage Calgary Royal LePage Solutions
#16, 11625 Elbow Drive SW,
Calgary, AB. T2W 1G8
Direct: (403) 703-2404
Office: (403) 252-5900
Fax: (403) 705-1960

Calgary Mortgage Rates

Commercial banks often charge in excess of 1 full percent (100 basis points) more than Preferred Lenders (Calgary Mortgage Broker) for the same mortgage product. If you'd like more information on Calgary mortgage rates or to speak with a Calgary mortgage broker, give us a call at 703-2404 or contact us today.

Calgary Mortgage Information

      Current Calgary Mortgage Rates*     
Term Preferred RateBank Rate
6 Month4.75%4.60%
1 Year2.30%3.65%
2 Year2.90%3.95%
3 Year3.25%4.50%
4 Year3.84%5.19%
5 Year3.74%5.59%
7 Year4.99%6.60%
10 Year5.10%6.70%

Prime Rate is currently: 2.25%
Closed Variable Rate: Prime - 0.40
HELOC (Home Equity Line of Credit) - 2.85% (prime+0.60%)

*Note: Rates Updated Monday February 1st 2010. Rates subject to borrower, property qualifications: Subject to change without notice.

Ask about 35 year Amortization Mortgages
*Increase of allowable debt servicing ratios from 40% to 44% of income*

Call us at (403) 703-2404 or contact us today for more information.

Calgary Mortgage Forecast

Bank of Canada to keep watchful eye on real estate: TD report

Although inflation remains a low risk in Canada, the Canada's Central Bank may raise rates earlier than expected if the strong rebound in Canadian house sales and resale home prices continues, according to a new report by TD Economics.

"The Bank's view at the moment is that the recent resurgence in real estate is temporary, but if it does not moderate in the coming year - or worse still if price growth accelerates - it could lead to an earlier and more substantial tightening in policy than currently anticipated," the report read.

Despite the warning, TD Economics also said that it expects to see a cooling of home sales and prices in the coming months due to pent-up demand being absorbed, dampened affordability and weak economic fundamentals.

"Overall, the most likely scenario is that the home sales growth will moderate and home price growth will not become excessive," the report read. "Recent comments from the Bank of Canada suggest they also believe the recent strength in MLS readings is temporary."

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