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Slight fixed-rate drop a boost to Calgary homebuyers

Dec 26, 2023  
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Calgary's housing market remains strong, with home sales increasing by 17% compared to last year. Average prices are also rising rapidly, driven by a drop in housing supply. However, there is some good news for buyers as fixed mortgage rates have declined recently. This slight decrease in rates improves affordability and helps compensate for rising property values. Despite a seasonal cooldown, competition and bidding wars are still prevalent in the Calgary market due to low inventory. In contrast, the national housing market is experiencing a slowdown, with Ontario and Alberta showing signs of softening.

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