Ken Rigel Group
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1403 26A Street Southwest
#144, 1935 32 Avenue NE
Downtown
6 Avenue Southwest
407/8 Avenue SW
T2X3V1
2 Street Sw Calgary
2 Street SW
2 Street SW
5 Avenue Sw Tower
Calgary
5718 1A Street SW
Re/Max Complete Realty
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6 Avenue SW
6th Avenue SW
225 6th Avenue SW
6th Avenue SW
Avenue SW
6th Avenue SW
HOME BUYERS: Sit back and relax while we create your free custom list of homes that match your search criteria. Be the first to know when homes come on the market including exclusive homes not for sale on MLS, homes coming soon to market, foreclosures and court ordered sales. HOME SELLERS: List with us and love your listing. Sell your home on your time frame, for the most money, and as little hassle as possible. Get the Calgary real estate company with experience, proven results, and a give-back philosophy. START YOUR EXPERIENCE: Call or text 403-207-1748 or email [email protected] and let’s have coffee!
We love celebrating our team wins!
has been working so hard, and sits down with Ken to explain one of his business success stories!
Way to go Chase!
10/29/2026
INTEREST RATES JUST WENT UP. NOW WHAT?
Well, here we go again!
The Bank of Canada has raised its key interest rate by 0.25%, bringing it to 2.50%.
But before anyone panics, let's put some real dollars to it.
Calgary's September benchmark home price was $566,700. With 20% down and a 25-year mortgage, here's what a quarter-point increase could look like:
đź’° At 4.00%: $2,385/month
đź’° At 4.25%: $2,447/month
That's about $62 more per month, or $744 per year.
Nobody likes paying more, but it's not necessarily the financial earthquake the headlines might suggest!
Of course, this is just an example. Your actual payments depend on your mortgage type, lender, and terms. These are illustrative mortgage rates, not the Bank of Canada's policy rate, and don't include taxes or insurance.
So, what does this mean for Calgary real estate?
Buyers may have a little less purchasing power, while sellers could see buyers being more cautious with their budgets.
But remember, interest rates are just ONE piece of the puzzle. Inventory, location, pricing, and good old-fashioned supply and demand all play a role.
Our advice? Don't make big real estate decisions based on one headline. Know your numbers, look at the bigger picture, and do what's right for YOU!
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630 6 Avenue SW
Calgary, AB
T2P0S8
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